Wednesday, September 14, 2011

North Brookfield Fire Department AUDIT

Attached is a link to the recent audit of the North Brookfield Fire Department conducted by the NY State Comptroller's Office. Audits are a common practice to help municipal governments meet standard accounting practices, by citing ways they can improve accountability for taxpayer funds. Pretty standard issues when compared to other department audits, HOWEVER, the audit noted the following: "In 2007 the District invested $15,000 with a local insurance agent and received a promissory note stating the money would be returned in one year along with 8% interest. ....At the end of our audit field work the monies had not been returned to the District nor had District officials sought or received any information from the agen relating to this investment."