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New York City Comptroller William C. Thompson, Jr. today issued an audit finding that the 14 Queens Community Boards are largely in compliance with City directives involving purchasing and inventory policies and procedures.

“My auditors determined that the 14 Community Boards in Queens generally adhered to purchasing and inventory procedures,” Thompson said.

Auditors – who focused on Fiscal Year 2006 - reviewed each Board’s records, vouchers, contracts, and inventory lists. You can view the audit at www.comptroller.nyc.gov. Auditors determined that:

• Imprest fund purchases did not exceed $250 (Imprest funds are agency controlled checking accounts which can be used for small purchases and petty cash transactions.);
• Imprest fund checks had the required authorized signatures, designated specified payees and bore the inscription “void after 90 days”;
• Imprest fund bank accounts were appropriately reconciled; and,
• All major equipment items were on hand.

Additionally, except for $642 in expenses related to non-official functions, a review of Other Than Personal Service (OTPS) expenditures disclosed no instances in which moneys were improperly used.

Auditors did identify “minor instances” in which several Boards did not fully comply with certain purchasing and inventory procedures. The Boards mostly agreed with the audit recommendations and have taken steps to address the weaknesses.

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