Village of Speculator – Claims Auditing (2017M-25)

Issued Date
April 07, 2017

Purpose of Audit

The purpose of our audit was to determine whether Village officials established effective procedures to ensure claims were properly audited, adequately supported and for a legitimate Village purpose for the period June 1, 2015 through October 31, 2016.


The Village of Speculator is located in the Town of Lake Pleasant in Hamilton County and has a population of approximately 320. The Village is governed by an elected five-member Board of Trustees. Budgeted appropriations for the 2016-17 fiscal year totaled approximately $1.6 million.

Key Finding

  • Village officials have established adequate procedures to ensure that claims are sufficiently documented and supported, are for legitimate Village purposes and are audited and approved before payment.

Key Recommendations

  • There were no recommendations as a result of this audit.