MHLS - Resources

Trustee Resources
Audits

MHLS strongly advises that all libraries have an independent review or audit done annually. The benefits of having an independent audit or review include:

Protects board members from liability
Indicates areas for improvement
Insures the library can face scrutiny by the public

For those libraries with annual receipts over $250,000 who are also registered as a charitable organization under NYS Executive Law Article 7A, you are required to have an independent audit. (For annual gross receipts between $100,000 and $250,000 a review is required.) For more information see the NYS Office of the Attorney General's Laws and Regulations Governing Registration, Financial Reporting and Fund Raising by Not-for-Profit Organizations.

Libraries should change audit firms every five years.

Area CPAs:
Foster & Schmalkuche, P.C. Certified Public Accountants
2135 Route 44-55
P.O. Box 300
Gardiner, NY 12525
845.255.1813
*member library clients include: New Paltz, Rosendale

Timothy P. Hoolihan, CPA
Van Norstrand & Hoolihan CPAs P.C.
187 East Market Street #202
Rhinebeck, NY 12572-1727
845.876.5200

Hummel and Butler
562 Commerce St.
Thornwood, NY
*member library clients: Carmel

Kimball & O'Brien PC Certified Public Accountants
Patricia F. Addis, CPA
465 Washington Ave.
Kingston, NY 12401
845.331.5030
*member library clients: Kingston, Woodstock

Nugent & Haeussler
101 Bracken Rd
Montgomery, NY 12549
845.457.1100
*member library clients: Marlboro

To search for a CPA in your area go to the New York State Society of Certified Public Accountants (NYSSCPA) search page (you can seach by county).

It is recommended that you obtain several quotes as prices can vary drasticallly.

last updated: 9.29.09