N.Y. General Municipal Law § 209-z: Annual independent audits

§ 209-z. Annual independent audits. 1. Notwithstanding any provision

of general or special law to the contrary, any fire company with

revenues of four 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.