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Director flags cash-balance discrepancy; staff to reconcile October financials
Summary
The Director told the council that October financial statements are draft and staff has found discrepancies in cash balances; after the first payroll the towns cash position was reported positive $16,361, and staff will trace prior-year transfers. No formal action was taken.
The Director reported that the towns October financial statements are draft and staff has identified a discrepancy in cash balances that will require further review. "After this first payroll it's still positive 16,361," the Director said, noting that income and expense figures are likely accurate but cash transfers from prior years need to…
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