Section 209-Z. Annual independent audits


Latest version.
  • 1. Notwithstanding any provision
      of general or special  law  to  the  contrary,  any  fire  company  with
      revenues  of  two hundred thousand dollars, or such lesser amount as the
      state comptroller shall designate, that contracts  with  a  city,  town,
      village  or fire district to provide fire service shall obtain an annual
      audit of its records by an independent certified public accountant or an
      independent public accountant. Such audit shall be an examination of the
      revenues and expenditures in connection with such contract or contracts.
      Such audit shall indicate whether the fire company  has  filed  Internal
      Revenue  Service  Form  990  and any report required pursuant to section
      thirty-three-a of this chapter. If such filings are  required  and  have
      not  been  made, the audit shall include an examination of all revenues,
      expenditures and  resources  from  any  source.  For  purposes  of  this
      section,  the  term  "fire  company"  shall have the same meaning as set
      forth for such term in section  three  of  the  volunteer  firefighters'
      benefit law.
        2.  A  copy  of  the  audit report in the form prescribed by the state
      comptroller and certified by the accountant shall be  furnished  to  the
      entity,  and  the municipal corporation with which the entity contracts,
      within one hundred eighty days following the  end  of  the  fiscal  year
      audited.