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i <br /> . i <br /> Ji <br /> The purpose of the UMAS account numbers is to provide consistency <br /> I ' <br /> among towns and cities, riot only statewide but nationally. The State <br /> also requires the Town to file a year end financial report, iSchedule ! ' <br /> A), using the LIMAS categories to summarize financial activity. <br /> The expense classifications in the sample budget sheet do not <br /> it <br /> i <br /> necessarily include all types of expense classifications. Each <br /> ii <br /> department will develop their own individual classifications based on <br /> their meds. Backup streets will provide additional detail where <br /> l <br /> necessary, i. e, salaries and wages. <br /> ii <br /> I ' <br /> It is important to note that the Town would not have to approve a <br /> detailed line item budget. Wages and expense totals could still be II <br /> ! i <br /> summarized and used as the authorization level at town meeting. <br /> This will permit departments to expense in excess of individual <br /> line items, as long as total departmental expenditures do not exceed <br /> the authorized amount. <br /> i <br /> A computer generated budget sheet can be developed which would be <br /> used by departments in submitting budgets, and also as an input sheet <br /> i <br /> to the Town' s accounting records. This will enable the Town' s ac- <br /> Counting records to mirror the budget worksheets and to provide corn- j <br /> ParabiIity, not only in the current year, but provide reliable his- <br /> torical data in the future. <br /> I <br /> 7 <br />