Templeton Finance - Have your head on a swivel!
Board of Selectmen meeting documents,
August 8, 2018, particularly a BAN (bond anticipation note) for borrowing shows a Templeton general stabilization fund balance of $106,730.00 as of June 30, 2017.
November 14, 2017 special Town Meeting, article 11 shows a deposit of $137,500.00 into the Templeton general stabilization fund.
May 31, 2018 expenditure report shows a balance of $233,431.87.
End of year expenditure report for FY2018 shows Templeton general stabilization fund balance of
$234,161.64.
So, as of June 30, 2017, general stabilization fund is $106,730.00
STM, November 14, 2017, general stabilization fund $137,50000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $244,230.00
$10,000.00 difference; keying error anyone? Good numbers anyone?
Reason for difference anyone? July 2018 (first month of FY2019) does not show a general stabilization fund balance.
Now make sure that you listen to Carter when He states that the $106,730 is an audited result. Also look to article 11 and see the town move $137,500 to the Stabilization account.
ReplyDeleteOur financial policies: http://www.templeton1.org/sites/templetonma/files/file/file/financial_management_policies-signed_10.10.17_0.pdf
So, HOW DOES $106,730 AND #137,500 MAKE AN ENDING BALANCE OF ANYTHING LESS THAN $244,230.00.
You really cannot make this crap up...………
I guess it doesn't matter when nobody reads it.
Next lets talk about Opeb????
ReplyDeleteCurrent balance reported on the Sewer Ban as Templetons OPEB Fund Balance is "approximately $64,000."
Again looking at Article 11 from Nov 14, 2017 Town meeting the people made $20,000 available from Free Cash for deposit into the Opeb Trust Fund.
$64,000
+ $20,000
=
$84,000 which truly should be $84,608 plus interest.
More GOOD numbers as presented by the Treasurer/Collector and not read or recognized by your Town Select board.
I could give Mr. Fortes a pass on the Stabilization as using audited numbers would be appropriate and within Cam ballpark of knowledge, but the rest............you decide.
Around and around we go ! Templeton's government and the way they do business ! I don't know about you, but I voted for a Certified Treasurer Collector ! The way I see it,the Accountant should be certified too. That means that person should know enough to pass the accounting test, and know what they are doing. Fuzzy math does not work anywhere else, it should not be allowed for one second here. Just think what we could do with the $300.K we spent on audits ! Maybe fix the roads ! This is your tax dollars they are spending. If this behavior is allowed to continue, and our government leaders can't do their job, you and I will be the one's to pay ! Let that sink in .
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