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1 <br /> departments making payments to the treasurer, and with other sources <br /> from which money was paid into the town treasury, while the disbursements <br /> were checked with the ledger accounts and with the treasury warrants . <br /> The treasurer' s cash balance on March 26, 1971 was verified by actual <br /> count of the cash in the office, by reconciliation of the bank balance <br /> with a statement furnished by the depository, and by examination of <br /> the savings bank book. <br /> The recorded payments on account of maturing debt and interest J <br /> were verified by comparison with the amounts falling due and were checked _ <br /> with the cancelled securities on file. The outstanding coupons on �•�. <br /> March 26, 1971 were listed and reconciled with the balance as shown by <br /> a statement received from the bank of deposit. <br /> The savings bank books representing the investment funds in II <br /> the custody of the town treasurer were examined and listed. The income <br /> was proved and the transactions and balances were checked with the <br /> ledger accounts . IC <br /> The New England Merchants National Bank, as trustee for the <br /> Samuel G. Davis School Fund, furnished a statement of the transactions <br /> of the fund, and a schedule was prepared showing the condition of the <br /> fund. The payments of income to the town were compared with the town <br /> treasurer' s recorded receipts . <br /> The deductions from employees' salaries and wages for Federal <br /> and State taxes, the county and the teachers' retirement systems, and <br /> group insurance, were examined and reconciled with the controlling <br /> ledger accounts. <br /> The records of tax titles and tax possessions held by the town <br /> were examined and checked in detail . The amounts transferred to the <br /> tax title account were compared with the collector' s records, the <br /> payments to the treasurer were checked with the treasurer' s cash book, <br />