ALBANY – An audit of the cash receipts and disbursement by the Summitville Fire Company has resulted in issues raised by the state comptroller’s office.
The fire company serves the Town of Mamakating. The audit covered the period from January 1, 2015 to October 28, 2016.
Auditors found two key findings. No one compared the bank statements and canceled check imagines to the board-approved vouchers to verify that all disbursements were approved and paid to the correct payee in the correct amount; and the company officials did not maintain sufficient documentation to indicate the amount of money received at each fundraising event and did not always maintain adequate records to identify the source of each bank deposit.
As a result, the report recommended that the board compare bank statements and canceled check imagines to the board-approved vouchers and that it should establish controls over cash receives, such as maintaining adequate documentation of the amount of money collected at each fundraising event and the source of each bank deposit.
