Cornwells Firemen’s Relief Association – Bucks County – Audit Period January 1, 2024 to December 31, 2025

An audit of Cornwells Firemen’s Relief Association for January 1, 2024, to December 31, 2025, revealed compliance with applicable laws, except for missing canceled or imaged checks which hindered verification of check authorizations. The audit, not adhering to Government Auditing Standards, noted a major finding: the failure to maintain surety bond coverage on its authorized disbursing officer, a non-compliance with the VFRA Act, leaving assets unprotected. As the association dissolved and merged with others to form the Bensalem Volunteer Firefighters Relief Association, all assets were transferred. Recommendations include obtaining surety bond coverage to protect future cash balances, in line with VFRA Act requirements. This is an automated summary. Please rely on the contents included in the released audit report.