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i <br /> II � <br /> I I <br /> I <br /> i <br /> t <br /> A. The Town, s accounting system will be organized and <br /> operated on a fund basis. A fund is defined as a fiscal account- <br /> ing entity with a self-balancing set of accounts, segregated for <br /> the purpose of carrying on specific activities or attaining cer- 4f4 <br /> I � <br /> tair, objectives in accordance with special regulations, restric- <br /> t i ons, or limitation.. <br /> ` I <br /> B. The LIMAS System provides the accountant* s office with in- ! <br /> formation in an improved format, which will aid in the prepara- <br /> tion, <br /> repara tion of required financial reports. <br /> G. Upon the implementation of a computerized WAS Account- <br /> ing System, expense <br /> { <br /> in S stem p <br /> greater levels of revenue and ex ease detail can be <br /> c <br /> maintained simultaneously. This will assist the Town in budget- <br /> � t <br /> ing and capital planning for future years. <br /> f <br /> 4 <br /> I <br /> ! I{ <br /> 4 <br /> t <br /> ft <br /> I t <br /> 3t! <br /> t <br /> 9 <br />