Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Accounts Reconciliation topic
No spam. Unsubscribe anytime.
Committee flags unclear accounting; COVID-era funds and CDs need reconciliation
Summary
The chair reported uncertainty about several accounts, including lingering COVID-era funds and cashed certificates of deposit; the meeting identified a $407 checking balance and an estimated "100 and something thousand" in unclear holdings that members will need to locate and reconcile.
Committee members raised concerns about the town's bookkeeping and un-reconciled account balances. The chair told the group that a COVID-designated account remains on the books and that some CDs were cashed without clear tracking: "There's $407 in that checking account," the chair said, and later asked, "where's this money at? Just sitting somewhere about a 100 and something thousand dollars."
The chair asked members to gather final financial statements and to reconcile petty cash (reported at $500) and any cashed CDs. The committee agreed to search ledgers and coordinate with the bookkeeper (Patel Hill and Brown) to determine exact balances and where funds were moved so the draft budget can be prepared on accurate figures.
