[read complete report – pdf] | [read complete 2021 report – pdf] 

Purpose of Review

The purpose of our review was to assess the Village of Montgomery’s (Village’s) progress, as of July 2024, in implementing our recommendations in the audit report Village of Montgomery – Board Oversight of the Treasurer’s Office (2021M-50), released in July 2021. The audit determined that the Board of Trustees (Board) did not provide adequate oversight of the Treasurer’s financial operations. The audit included six recommendations to help the Board and officials monitor and improve oversight of financial operations in the Treasurer’s office, including ensuring that the Treasurer’s office complies with water and sewer Village laws and codes.

Background

The Village, located in the Town of Montgomery in Orange County, is governed by an elected Board composed of the Mayor and four trustees. The Board is responsible for the oversight and general management of Village financial activities. The appointed Treasurer is the chief fiscal officer and responsible for the Village’s day-to-day financial activities, which include processing cash receipts, disbursements and payroll. The Board appointed a Deputy Treasurer (Deputy) who performs the same financial activities as the Treasurer. 

Results of Review

It appears that the Board and Village officials have not made progress in implementing corrective action. Although Village officials submitted a corrective action plan (CAP) in July 2021 with plans to implement the audit recommendations, current officials were unaware the CAP existed until we began our review. Of the six audit recommendations, Village officials partially implemented two recommendations and did not implement four recommendations.