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Treasurer enters budget; auditor recommends fixed-asset depreciation policy
Summary
Treasurer Tammy Bischof reported the budget has been entered in QuickBooks and said auditors recommended adopting a Fixed Asset Depreciation Policy after meetings about the 2023 and 2024 audits; Trust Funds remain tracked on a separate spreadsheet.
Tammy Bischof, Treasurer, told the Commissioners the district budget has been entered into QuickBooks and that she and Selectman's Representative Fran Shippee met with auditor Tim Greene regarding the 2023 and 2024 audits. Greene recommended adoption of a Fixed Asset Depreciation Policy to align accounting treatment of station assets.
Bischof also noted that Trust Funds are maintained on a separate spreadsheet and are not incorporated into QuickBooks. The Commissioners discussed the recommendation and listed the Fixed Asset Depreciation Policy as a topic to address ahead of formal budget planning.
