from Templeton Town website - financial management policy.
Policy: The Town shall have an independent outside audit performed by a certified audit firm each year. The Town shall endeavor to have the audit completed prior to January 1 of each year. The Board shall provide for such an audit by an accountant or a firm of accountants, who have no personal interests, direct or indirect, in the fiscal affairs of the Town government or of any of its officers or employees. The Board shall require a public presentation of the audit and management letter once it is finalized.
It is February 2, 2024, where is the audit????
Endeavor - try hard to do or achieve something, evidently, TA and selectmen do not try too hard.
Hmmm, this seems very familiar. Even though it's hard to believe the Selectman and TA do not follow the FMP to the letter I seem to remember this coming about last year also..............Didn't we get the audit report a few weeks after the Town Meeting ???
ReplyDeleteWhat does the DOR say about having an accounting firm for 11 years after you re-created you account balances while employing an uncertifiable Accountant.
What could go wrong? Tune in next week to find out!
This is also backed up by a bylaw, which would suggest thats being violated to.
ReplyDelete§ 28-8
Annual audit required.
The Select Board (Board) shall, at least annually, provide for and conduct an independent audit of the financial books to be done by a reputable accounting firm not connected to or related in any way to the Town or its officers. The complete audit with recommendations shall be made available to the public as soon as it is received and it shall be posted in the Annual Town Report.
Town bylaw on annual town reports:
ReplyDelete§ 71-2
Financial reports.
[Amended 6-17-2020 ATM by Art. 9]
All officers, boards, standing committees, and special committees of the Town having charge of the expenditure of Town money shall annually report thereon in writing in such manner as to give the citizens a fair and full understanding of the objects and methods of such expenditures, referring, however, to the report of the Town Accountant for statements in detail of receipts and payments, and may make therein such recommendations as they deem proper. Such reports shall be submitted to the Select Board (Board) for inclusion in the Annual Town Report on or before the 31st day of January of each year.