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Select Board reviews audit preparation and flags uncollected taxes and sewer receivables
Summary
Finance staff told the board auditors will use the new GASB 103 model and that the town has uploaded requested documentation; members asked about uncollected property tax and sewer receivables and were told figures are as of May 30 and may change before fiscal year end.
At the June 22 meeting the Select Board received a finance report and an audit update. Staff said the auditor will apply the new GASB 103 reporting model this year and asked departments for additional documentation; staff reported that required files have been uploaded and an audit date is pending.
The finance officer reminded the board that last year's lone management‑letter finding involved unsigned timesheets; department heads have been asked to collect and submit corrected timesheets to avoid a repeat finding.
Board members pressed staff about uncollected property tax and sewer amounts reported as of May 30. Staff said the figures are preliminary, that additional receipts are expected before the fiscal‑year closing, and that 30‑day lien notices will be mailed in July for overdue accounts. Staff emphasized that some delinquent balances relate to previous years and that lien timing affects collection figures.
Ending: Staff said it will continue to monitor receipts, provide updated figures at the next meeting and work with department heads to supply auditors with required documentation.
