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Maintain Street Betterments List <br /> The Assessors' office was unable to provide a detailed list supporting the balance of <br /> street betterments apportioned but not yet due. All accounts receivable balances <br /> �x <br /> should be supported by a list of individual items that reconcile to the total balance. <br /> We recommend that the Town obtain or create a detailed list to support this <br /> receivable. In order to simplify the maintenance of these records we recommend they <br /> be automated. <br /> The following item was noted in the fiscal year 1992 management letter. Unresolved, <br /> it continues to require attention. <br /> i Reconcile Overlay Balance <br /> t Although the Assessor's Office has records for all abatements and exemptions <br /> issued, they do not maintain a running total of balances of the Overlay accounts. As <br /> a result, it is time consuming to determine the remaining overlay balance at any given <br /> time. This, in turn, prevents easy monthly reconciliation with the Town Accountant's <br /> records. This could result in abatements being issued and not being posted to the <br /> general ledger. <br /> We recommend that the Assessor's Office maintain a running balance of all overlay <br /> F <br /> accounts and that these balances be reconciled monthly to the General Ledger. <br /> H. <br /> Y <br /> _ 4 _ <br />