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Audit Objective

Determine whether the Town Clerk (Clerk) properly accounted for cash receipts.

Key Findings

• We reviewed 184 tax payments totaling $237,500 and found they were recorded properly and deposited intact but were not always remitted to the appropriate parties in a timely manner.
• Cash receipts totaling $238,321 were deposited between one and 15 days past the required date of deposit.
• The Board did not perform an annual audit of the Clerk’s records, as required.

Key Recommendations

• Record, deposit and remit all real property taxes and fees intact and in a timely manner.
• Perform an adequate annual audit of, or retain an independent public accountant to audit, the Clerk’s records.

Town officials agreed with our recommendations and indicated they planned to initiate corrective action.