This bill proposes to amend the Code of West Virginia by transferring the audit authority for volunteer fire companies from the current Auditor to the West Virginia Legislative Auditor. The Legislative Auditor will be responsible for conducting regular financial reviews of each volunteer fire company, ensuring that audits or financial examinations occur at least once every five years. However, the Legislative Auditor is permitted to conduct additional audits if there is reason to suspect mismanagement or misuse of funds.

Additionally, the bill specifies that the scope of the Legislative Auditor's examination will encompass all income, assets, liabilities, and expenditures of the volunteer fire companies. It also includes provisions for the Legislative Auditor to implement internal policies regarding the costs associated with these audits, which may either be borne by the Legislative Auditor or recouped from the volunteer fire companies. Overall, the bill aims to enhance oversight and accountability for the financial operations of volunteer fire companies in West Virginia.

Statutes affected:
Introduced Version: 8-15-7a