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Templeton Select Board reviews FY2024 audit, flags $112,000 discrepancy and inventory gaps
Summary
At June 25 and July 9 Select Board meetings, auditors identified a $112,000 discrepancy in the FY2024 finances and recommended inventory and budgeting changes; the board discussed limits on free cash and stabilization-fund allocations and noted an incomplete municipal asset inventory.
The Templeton Select Board discussed findings from a fiscal year 2024 audit at meetings on June 25 and July 9, including a $112,000 discrepancy and recommendations to improve inventory controls and budgeting procedures.
Auditor Tony Roselli of Roselli Clark and Associates presented the FY2024 audit on June 25; Select Board members then discussed the audit findings at the July 9 meeting. The audit identified an unexplained $112,000 difference between amounts voted at town meeting and the figures appearing on the tax recap sheet, according to board discussion during the July 9 session.
Board members and meeting coverage participants said the discrepancy appears to stem from a failure to reconcile voted…
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