Tuesday, January 5, 2016

Templeton FY13 Cash Book is complete.

Massachusetts Manual for Treasurers / Collectors states a Municipal Treasurer must annually render a true account of all (their) receipts and disbursements and a report of their official acts. This statutory provision necessitates treasurers' use of a cash book. The cash book provides a control that enables treasurers to reconcile the cash on hand with bank statements and with general ledger. A cash book may vary in form to suit a particular communities needs and is generally made up of computerized records.

The cash book should contain the dates and amounts of all receipts and deposits. A list of payments by warrant is also necessary information for the cash book. Work is now to begin on FY14 Cash Book. Question is, with no apparent accounting of a cash book, why would selectmen push a 47 million dollar debt at this time? They, the current Board of Selectmen presented it to town meeting on behalf of the Narragansett School Committee. I have always thought it a good business decision to build a new school based on the condition and the cost estimates to rehab the existing buildings now used for schools. If we had taken better care of them, perhaps we could have chosen a different path but we did not so here we are. I have always been opposed to the process we chose to take to get to this point. There is a difference and hopefully as we move forward people will get involved rather than just giving up and thinking their say does not matter because it can and it does.

Jeff Bennett

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