Village of Endicott – Disbursements (2021M-124)

Issued Date
November 24, 2021

[read complete report - pdf]

Audit Objective

Determine whether Village of Endicott (Village) officials ensured that non-payroll disbursements were appropriate, adequately supported and audited.

Key Findings

Village officials did not establish adequate procedures to ensure all disbursements are for appropriate purposes, adequately supported or properly audited.

  • Key financial duties were not adequately segregated.
  • Bank reconciliations were not performed correctly or in a timely manner.
  • Claims were not properly audited.
  • Of the $23.1 million in non-payroll disbursements made during the audit period, we examined disbursements totaling $287,210 and found they were supported and appropriate.

Key Recommendations

  • Segregate financial duties or establish mitigating controls.
  • Complete bank reconciliations accurately and in a timely manner.
  • Properly audit all claims.

Village officials agreed with our recommendations and have initiated or indicated they planned to initiate corrective action.