February 11, 2020, Board of Audit Meeting (after the Town Board Meeting)

Meeting was called to Order at 8:26 p.m.

AttendanceChair Charles Kuettel, Supervisor Donald Swanstrom, Supervisor Douglas Dressen, Clerk Lita Wallace, Treasurer Raymond G. Barnes

Guest: Ted Wallace

Review Clerk/Treasurer’s Reports

  • Summary of Receipts received from January – December 2019 (treasurer)
  • Review Treasurer and Clerk’s Disbursements Ledger (compare Fund/Account/Object Codes) – board members select 3+ disbursements to review and check
  • Review Treasurer and Clerk’s Receipts Ledgers (compare Fund/Account) – do direct deposit have triplicate receipts, verify that deposits are noted on the appropriate bank statement, board members select and review 3+ receipts
  • Review Bank Statements to check that Cash Control Statement demonstrates same  balance as the Bank Statement
  • Verify that Clerk and Treasurer are balancing and reconciling bank statements statements (have the same balance), and Schedule 1 matches for both Treasurer and Clerk

Meeting was adjourned at 8:50 p.m.

Respectfully submitted by,
Lita Wallace, Town Clerk