AUDIT - 2016

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 issue IRS Foun 1099 in accordance with IRS instructions. 4. That a fixed asset listing be updated annually. 5. That all receipts be deposited within 48 hours in the Animal Control Trust Fund. 6. That the Borough approve an ordinance establishing fees to be charged including raffle fees.

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. 3. That the Borough issue IRS Foiiii 1099 in accordance with IRS instructions.

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

evregiote, 7a€E44, eezae& & ectva, FERRAIOLI, WIELKOTZ, CERULLO & CUVA, P.A. Certified Public Accountants

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