Laserfiche WebLink
i <br /> of $1 ,000 , may be appropriated for the payment of the principal of <br /> such loan" . We question the use of excess loan proceeds for <br /> interest on temporary loans . <br /> We believe more attention should be focused on compliance with <br /> general laws as far as funding Town meeting articles from <br /> restricted funds . <br /> I <br /> Schedule of Treasurer ' s Receipts <br /> The Schedule of Treasurer ' s Receipts prepared by the office of <br /> Town Treasurer shows the date , amount and source of each receipt j <br /> but does not show the account to be credited . The Town Accountant ' <br /> I <br /> knows the account to be credited from remittance advices previously j <br /> received from other departments . We believe this practice is <br /> rather cumbersone and we recommend that the account to be credited <br /> be shown for all receipts on the Schedule of Treasurer ' s Receipts <br /> and that the Accountant limit the use of remittance advices as an <br /> internal audit check on accounts credited. <br /> i <br /> Since the Schedule of Treasurer ' s Receipts is a permanent I ! j <br /> record, we suggest that it be filed in a permanent type binder . <br /> Revised Municipal Accounting and Reporting System <br /> The Bureau of Accounts of the Massachusetts Department of <br /> �i <br /> Revenue has developed a revised accounting and reporting system for <br /> the towns and cities of the Commonwealth . The municipalities are <br /> encouraged to adopt this system which may be mandated during the <br /> next couple of years . The Town , because of present restraints in <br /> funding, may not choose to implement all revisions now; however , <br /> .. there are sections that could be done now which would help reduce J <br /> administrative effort . <br /> Published material on this revision includes suggested a,w <br /> classification of accounts on appropriations , receipts , and balance <br /> 4 <br />