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sheet accounts , such as assets and liabilities . This material also <br /> includes a related numbered coding structured chart of accounts or <br /> a numbered coding structure for all accounts . A structured chart of <br /> accounts would enable the Town to compare their results of opera- <br /> tions with other towns using the same structure and would provide a <br /> vehicle for presenting financial statements in a standard format. <br /> A numbered coding structure of accounts generally requires less <br /> clerical effort to use rather than the full account description. <br /> I ' <br /> Longer Term Objectives <br /> - Consider fixed asset accounting. Many communities have <br /> found it helpful in forecasting future capital needs , in evaluating <br /> adequacy of insurance coverage of plant and equipment , and it would Ij <br /> present a fuller picture of the Town's financial position. <br /> - Consider a purchase order system to monitor commitment of <br /> I� <br /> Town funds . <br /> t <br /> I' <br /> I <br /> I � <br /> i <br /> I <br /> We would be pleased to discuss these suggestions with you in <br /> more detail . Were equipped to assist you in the implementation <br /> of any or all of these suggestions if you so desire . I! <br /> We thank Town personnel for the cooperation and help they <br /> provided us during the course of the audit and we look forward to <br /> serving you .again. a <br /> Boston, Massachusetts <br /> November 9 , 1984 <br /> 0� <br /> I <br />