Audit - 2017 - Hardwick

SCHEDULE OF FINDINGS AND RESPONSES GENERAL FINDINGS

YEAR ENDED DECEMBER 31, 2017

Summary of Auditor's Results

The Township prepares its financial statements in conformity with accounting practices prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey, which is a comprehensive basis of accounting other than generally accepted accounting principles.

The audit did not disclose any material weaknesses in the internal controls of the Township.

The audit did not disclose any noncompliance that is material to the financial statements of the Township.

The Township was not subject to the single audit provisions of Federal OMB Uniform Guidance or New Jersey OMB Circular NJOMB 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid for 2017 as grant expenditures were less than the single audit thresholds of $750,000, identified in the Circulars.

Findings Relating to the Financial Statements which are required to be Reported in Accordance with Generally Accepted Government Auditing Standards:

Finding

Township committee meeting minutes were only completed through June 7, 2017.

2017-1

We recommend that the township clerk prepare the committee meeting minutes in a timely manner.

During audit testing five of the sixty selected vouchers could not be located.

2017-2

We recommend that the township develop controls to strengthen document retention.

No employee surety bond was available for the CMFO/Treasurer.

2017-3

We recommend that the township carry surety bond insurance on the CMFO/Treasurer.

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