Municipal Calendar

  September

      School End of Year Report (prior FY)
      Quarterly Cash Reconciliation (prior FYneed for Free Cash Certification)
      Statement of Indebtedness
      Begin Capital Improvement Planning Process
      Finalize Financial Forecast

  October
      Issue Q2 or Semi-Annual Tax Bill
      Submit Schedule A
      Begin work on Tax Recap
      Continue work on CIP
      Begin work on Operating Budget

            Establish Fiscal Guidelines
            Finalize Forms


posted by Jeff Bennett

---------- Original Message ----------
From: "Handy, Mary Jane" <handym@dor.state.ma.us>
To: 'Robert Markel' <townadministrator@templeton1.org>
Cc: "Wagner, Deborah A." <wagnerd@dor.state.ma.us>, "Rassias, Anthony A." <rassias@dor.state.ma.us>
Date: January 25, 2016 at 2:34 PM
Subject: RE: Schedule A

Bob,

Thank you for keeping me updated on the progress in Templeton.

Unfortunately, I have a meeting at the Statehouse Wednesday morning.  I have asked Deb Wagner if she could participate in the conference call in my absence.

Because the Town has made significant progress in the reconstruction of the financial records, I will allow an extension for the completion of Templeton’s Schedule A.

If the Bureau can be of further assistance, please feel free to contact me.

MJ

All - 

I received a call from Matt Hunt of CliftonLarsonAllen, our auditing firm, regarding a Single Audit for Fiscal 2013.  In the spring of 2014, they gave me a quote for conducting audits for Fiscal 2014 and 2015.  Later, we added Fiscal 2013 to the list following a recommendation from bond counsel and the DOR.  Neither they nor I knew that the Town had expended CDBG monies exceeding $500,000 in FY'13.  

We are required to do a Single Audit for FY'13, and this has added to the cost.  I recommend that we pay the additional cost from the $27,000 in surplus funds that is scheduled for transfer into the BoS expenses budget in the FY'16 Financial Transfer article.  

Bob
Robert T. Markel
Interim Town Administrator
Town of Templeton
160 Patriots Road
East Templeton, MA 01438
(978)894-2753

Schedule A

From: Robert Markel [mailto:townadministrator@templeton1.org]
Sent: Monday, January 25, 2016 11:39 AM
To: Handy, Mary Jane
Subject: Schedule A

Dear Ms. Handy -

As we discussed at the MMA Annual Meeting, the Town of Templeton is making good progress towards putting our financial records in order so that they can be audited.  The Abrahams Group has been working with our Town Accountant since November to reconstruct the general ledger for Fiscal 2013, 2014, and 2015.  Our Auditor, Matthew Hunt of Clifton-Larson-Allen will be at Town Hall on January 27 to begin the audit for Fiscal 2013.  We expect to have good data available to permit the audits for '14 and '15 when '13 is completed.  

Our Accountant and the Abrahams Group would like to hold off on submission of Schedule A for FY'15 until they are confident that our financial statements are in good order.  We are requesting permission to delay Schedule A for up to two months so that we can be assured that what we submit is completely accurate.  

Mark Abrahams, Matt Hunt and our Town Accountant are meeting here on Wednesday morning, Jan. 27.  I will be out of Town but they are setting up a conference call for me.   Would you like to participate or just listen in for the update and timetable for completing the work?  

Bob

Robert T. Markel, PhD
Interim Town Administrator
Town of Templeton
160 Patriots Road
East Templeton, MA 01438
(978)894-2753