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CURRENT YEAR ISSUES <br /> 1. IMPROVE INTERNAL CONTROLS - GASOLINE PURCHASES <br /> In our testing of Town disbursements, we noted that gasoline purchases made <br /> by Department of Public Works personnel are currently not subject to adequate <br /> internal controls. Specifically, we noted that receipts for purchases of gasoline <br /> do not identify the vehicle being serviced. This situation could result in gasoline <br /> being purchased by the Town for other than Town-owned vehicles. <br /> We recommend that the DPW require a vehicle identification be indicated <br /> on all receipts for gasoline purchases. In addition, the DPW should maintain <br /> records of vehicle usage mileage and gasoline a to determine if usage is reason- <br /> 9 9 <br /> able. Implementation of these procedures will improve departmental internal <br /> controls over the purchase of gasoline for Town-owned vehicles. <br /> i <br /> PRIOR YEAR ISSUES <br /> 2. IMPROVE CAPITAL PROJECT CASH FLOW PROJECTIONS <br /> i <br /> The Town again undertook short-term borrowing (bond anticipation notes) for <br /> road improvement projects during fiscal year 1996 that were based on cash flow <br /> projections that proved to be inaccurate both in timing and cash requirements. <br /> This resulted in the Town borrowing more funds than were ultimately required. <br /> The resulting excess interest cost will be passed on in the form of increased <br /> betterments. <br /> We recommend that, at the departmental level, more accurate cash flow pro- <br /> jections be prepared based on the timing and cash requirements that capital <br /> 3 <br />