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i <br /> �I <br /> sheet accounts , such as assets and liabilities . This material also <br /> includes a related numbered coding structured chart of accounts or <br /> anumbered 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 it <br /> found it helpful in forecasting' future capital needs , in evaluating I �! <br /> adequacy of insurance coverage of plant and equipment , and it would <br /> present a fuller picture of the Town 's financial position. <br /> 4 <br /> - Consider a purchase order system to monitor commitment of <br /> Town funds . <br /> it <br /> ; <br /> We would be pleased to discuss these suggestions with you in <br /> more detail . Were equipped to assist you in the implementation <br /> ; <br /> of any or all of these suggestions if you so desire . <br /> 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 . <br /> Boston, Massachusetts <br /> November 9 , 1984 <br /> 1 ''.LliutU;� <br /> I <br /> 5 <br />