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Audit finds $112,000 variance in Town of Templeton tax recap; recommends account reviews and asset list cleanup
Summary
An auditor told the Town of Templeton that its tax recap did not reconcile with the budget by $112,000, flagged a high allowance for abatements, and recommended creating stabilization funds and cleaning the capital asset inventory.
An auditor told the Town of Templeton on Oct. 10 that the town’s tax recap—the certification of property taxes used to set the tax rate—did not reconcile with the approved budget, showing a $112,000 variance.
The discrepancy prevented the auditor from certifying that the tax recap matched the town’s budget items, the staff member (auditor) said. “Look at your tax your tax recap, which is the certification of your taxes. The information on there should equal your budget items,” the staff member said. “We were unable to reconcile that.”
That mismatch matters because the tax recap drives the certified tax rate used for…
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