AUDIT - 2015

RECOMMENDATIONS

1. That the Borough consider strengthening Internal Controls. 2. That interfunds should be paid to their respective funds by year end. 3. That the Borough implement a purchasing policy. 4. That the Borough implement an encumbrance system. 5. That the Borough issue IRS Form 1099 in accordance with IRS instructions.

Status of Prior Year's Audit Findings/Recommendations

A review was performed on all prior year's recommendations and corrective action was taken on all with the exception of the following which is included in this year's recommendations:

1. That the Borough consider strengthening Internal Controls. 2. That interfunds should be paid to their respective funds by year end.

The problems and weaknesses noted in our audit were not of such magnitude that they would affect our ability to express an opinion of the financial statements taken as a whole.

Should any questions arise as to our comments or recommendations, or should you desire assistance in implementing our recommendations, please do not hesitate to call us.

Very truly yours,

Thomas M. Ferry, C.P.A., Registered Municipal Accountant No. 497

7evtathee", eau &c euva, pf4 FERRAIOLI, WIELKOTZ, CERULLO & CUVA, P.A. Certified Public Accountants

147

Made with