Main Library Page           Policies Index                                                                                                    Policy 11




Audit and Review Policy


Adopted: August 13, 2015 Page 1 of 1


The Library recognizes the need to have accurate and authoritative financial and procedural documentation available for internal and external review to insure fiscal accountability, efficiency of operations, and public confidence in the institution. Therefore, a schedule of audits and reviews is authorized by resolution as follows:

Audits/reviews may be requested by the Treasurer on an annual basis at a regular meeting of the Board of Trustees.

The Audits may be conducted either every two years or every three years, as the Board approves, based on conditions and finances as they determine necessary. After four audits, or over a period of more than twelve years, or at the Board’s discretion, a different qualified firm shall be engaged to conduct an audit.

Audits shall be conducted by a firm of CPAs with experience in library auditing, which shall be re-employed for subsequent audits in an audit cycle of not more than four sequential audits, or over a period of not more than twelve years.

During the intervening years between audits, a review shall be conducted by a CPA .

Monthly, the Board of Trustees shall designate bills to be paid pending audit by resolution at the regular meetings, and Trustees as assigned shall conduct such audit of all vouchers presented before disbursing funds.