Some more Templeton information that you may not know.
Well, perhaps our crack financial team might?
From Tony Roselli
To Mary Carney and Templeton treasurer, accountant, T/A,
subject: draft Preliminary Official Statement (POS)
1. page 21 - change $1,939,512.00 to $1,179,268.00 - the deficits need to be netted against the unrestricted to get a net unassigned balance.
2. page 35 - there is no 2013 balance sheet presented. This needs to be included.
3. page 31 - those unassigned fund balances listed needed to be netted down for deficits (see comment 1 above)
4. page 38-39 - Not sure where the OPEB #s come from, but I informed Carter they were in accurate IMO so I can't stand by their validity. Town has never recognized OPEB ever and nobody at Town truly knows how to use the APOBEC model; I tried lining up the numbers with similar communities we audit and they are not close; we qualified the financial statements saying there was no OPEB, only light & water have it done so including this will contradict what's in the financial statements.
Hope that gives everyone a nice warm fuzzy feeling. Remember the words of the accountant, now we have good numbers. (after the 2013 to 2016 audits were completed and presented.
Don't you think it is time we hire people who actually know what they are doing ??? The one and only person who is certified to do their job, is the Assessor ! What is wrong with this picture ? We spent over $300K to do audits, the books are still not straightened out and we hire unverified people ! Oh by the way, these uncertified people are making very good money.
ReplyDeleteThis should be of concern to everyone..............
ReplyDelete4. page 38-39 - Not sure where the OPEB #s come from, but I informed Carter they were in accurate IMO so I can't stand by their validity. Town has never recognized OPEB ever and nobody at Town truly knows how to use the APOBEC model; I tried lining up the numbers with similar communities we audit and they are not close; we qualified the financial statements saying there was no OPEB, only light & water have it done so including this will contradict what's in the financial statements.
"including this will contradict what's in the financial statements." is a very scary line for me. It seems to appear they feel they have an option to exclude facts as to not contradict the rosy picture needed WTF?