Laserfiche WebLink
i <br /> check now the money is lost to the town. If I hold the check and do not attend, <br /> the money can go back to the treasury. In previous audits, it was recommended <br /> that I not pay the fee with my own check and seek reimbursement on a regular <br /> basis. <br /> The lack of mention in the management letter of another matter is a <br /> disappointment. Unlike most other cities and towns, Mashpee is attempting to <br /> address the issue of unfunded pension liability. Whenever new positions are <br /> added, an additional 10 percent of the salary of that position is placed in a <br /> pension reserve fund. Additional direct appropriations are made. Thus, <br /> $56,980 had been placed in the fund by June 30, 1985. Since that time, nearly <br /> $20,000 has been added. We recognize unfunded pensions are a significant <br /> concern, and the efforts in Mashpee are seemingly a ccmmittment not universally <br /> seen. While it is recognized mention of this fund is in your footnotes to <br /> the financial statements, it is felt that reference to it in the management letter <br /> would at least give this document greater balance. <br /> Ve t y ours <br /> II' <br /> Josep F. rphy <br /> cu 've ecretary I; <br /> I <br /> Enc. <br /> JFM/jm f <br /> 'I <br /> 'II <br /> I <br /> I�1 <br /> II '. <br /> r <br /> I' <br /> I <br /> I <br />