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<br />36c <br /> <br />I <br /> <br />ACCOUNTING - We feel that improvements will be made in the day-to- <br />day accounting procedures due to the addition of accounting personnel <br />hired recently. For example, all bank accounts should be reflected <br />in the general ledger. Bank reconciliations should be prepared on <br />a monthly basis and all adjustments necessary to reconcile the bank <br />and books should be timely posted to the general ledger. Revenue <br />should not be netted against expenditures, but recorded at their <br />gross amounts. Expenditures for furniture, fixtures and equipment <br />should be capitalized only when the amount exceeds a certain SUITt <br />established by the Finance Director. <br /> <br />Our comments and recommendations have been discussed with responsible <br />officials of the City. Should you have any questions with regard to <br />the content of this letter, we shall be pleased to discuss them with <br />you at your convenience. <br /> <br />I <br /> <br />We express our appreciation for the courtesy and cooperation <br />extended to us by the City's officials and employees during the <br />course of our examination. <br /> <br />N~l?~v~ <br /> <br /> <br />HAROLD V. SIMPSON & COMPANY ~, <br />CERTIFIED PUBLIC ACCOUNTANTS <br /> <br />I <br />