Village of Canisteo - Clerk Treasurers' Records and Reports (2018M-243)

Issued Date
April 05, 2019

[read complete report - pdf]

Audit Objective

Determine if the Clerk-Treasurer accurately and completely accounted for, recorded and reported all financial transactions in a timely manner.

Key Findings

  • The former Clerk-Treasurer did not maintain accounting records using the modified accrual basis of accounting.
  • Accounting records were not adequate to properly monitor the Village’s financial condition and operations.
  • The former and current Clerk-Treasurer did not provide monthly financial reports of receipts and disbursements to the Board.

Key Recommendations

The Clerk-Treasurer should:

  • Maintain accurate and timely accounting records including revenues and expenditures using the modified accrual basis of accounting.
  • Provide monthly financial reports to the Board.

Village officials generally agreed with our recommendations and indicated they planned to initiate corrective action.