Published February 4, 2025
About This Audit
An audit called a Limited Procedures Engagement (LPE) was conducted on the Cheltenham Firemen’s Relief Association in Montgomery County, Pennsylvania, covering January 1, 2021, to December 31, 2023. The audit aimed to verify if funds were spent appropriately and if state aid funds were properly deposited, as per state law. The LPE included the examination of financial records for accuracy, ensuring adherence to the Volunteer Firefighters’ Relief Association Act and Act 205 of 1984. The association spent $262,740 in the reviewed period, with a detailed check on $131,478 worth of transactions. Although an independent bank confirmation wasn’t obtained, financial documentation showed a balance of $150,035 by the end of 2023. The results indicated no unauthorized fund expenditures and correct deposition of state aid. This effort reflects the association’s compliance with legal financial management and underscores the importance of maintaining comprehensive documentation for future audits.