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TOWN OF MASHPEE FINDINGS , RECOMMENDATIONS/REQUIREMENTS JUNE 30 , 1981 FINDINGS RECOMMENDATIONS/REQUIREMENTS 6, The accountant does not possess adequate documentation 6A. All necessary documentation for each treasurer 's for Cherry sheet receipts . receipts should be provided to the accountant. 1. Workmen's compensation reimbursement is currently going 7A. The insurance reimbursement for workmen ' s to the insurance recovery account. compensation should be credited to estimated receipts . TREASURER/TAX COLLECTOR 8. As a standard practice, the treasurer ' s office does not 8A. The use of a bank to reconcile an account is a reconcile the vendor and payroll checking accounts , rather tool to be used; however it does not replace the the office relies on the bank to reconcile the checking need for the treasurer ' s office to perform their account. This problem is highlighted by the fact that own reconciliation, verify the bank data, as well there were variances in the checking account which existed as identify and analyze any variances ecountered. for several months . 9, The Barnstable County National Bank is showing a deposit 9A. The actual withdrawal to close out the payroll in transit of $718 .03 as of June 30, 1981 . The deposit account did not occur until September/October in transit represents a withdrawal to close the old payroll 1981. This amount should not be shown as a account at New England Merchants National Bank. deposit in transit but rather should be shown as an open bank account on that date. Items should be shown as deposits in transit at month end only if they clear the account within the next few days in the subsequent month. 10. Taped detail of the 1981 real estate taxes did not reconcile 10A. To relieve this problem we recommend that the to the accountant's general ledger balance. Treasurer perform a detailed review of commitment book postings to reduce the variance that existed at June 30, 1981. Also, all tax receivable balances should be reconciled with the town accountants records on at least a quarterly basis. :C"aR�es E.D i PESA&Co..Bosrorv.Mass.(617)423-3555