Town of Freetown - Records and Reports (2018M-213)

Issued Date
January 18, 2019

[read complete report - pdf]

Audit Objective

Determine whether the Supervisors maintained complete, accurate and up-to-date accounting records and reports to allow the Board to properly manage the Town’s finances.

Key Findings

  • The Supervisors did not maintain, nor require their bookkeeper to maintain complete, accurate and up-to- date accounting records and reports.
  • The bookkeeper did not record all expenditures in the general and highway funds in a timely manner.
  • The annual update document (AUD) was not filed in a timely manner for the 2017 fiscal year.

Key Recommendations

The Supervisor should:

  • Periodically review the bookkeeper’s work to ensure that all financial activity is accurately and completely accounted for.
  • Develop a plan for updating and maintaining the accounting records and filing the AUD in a timely manner.

Town officials did not provide a written response for this report.