Newtown Square Volunteer Firemen’s Relief Association, Inc. – Delaware County – Audit Period January 1, 2022 to December 31, 2024

A compliance audit was conducted on the Newtown Square Volunteer Firemen’s Relief Association, Inc. for January 1, 2022, to December 31, 2024, to verify corrective measures and legal compliance in fund management. The association generally adhered to state laws, contracts, bylaws, and administrative procedures regarding state aid and fund expenditure but failed to maintain complete and accurate equipment records or conduct annual physical inventories. Despite this, the association successfully addressed prior audit findings, such as inadequate meeting minutes and mortgage documentation and excess rent issues. The audit found total cash and investments worth $2,684,897 and expenditures of $1,364,917. The association is affiliated with Newtown Square Fire Company #1, Inc. and received state aid from Willistown and Newtown Townships. Overall, it managed its resources effectively, except for the noted issue with equipment inventory. This is an automated summary. Please rely on the contents included in the released audit report.