Town of Belmont, New Hampshire : Annual Report 1990
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TAX LIENS Finding — All unpaid property taxes are not currently being tax liened. Con- sequently, this compromises the Town's ability to collect the taxes.
Recommendation — A //unpaid property taxes should be tax liened in accor- dance with New Hampshire RSAs.
Management's Comments — With our billing done on our own computer, the Tax Collector will be able to print a list of all outstanding taxes and place liens on those properties.
TRUST FUNDS Finding — Capital gains and dividends income were ...not consistently record- ed correctly. Capital Reserve investments are co-mingled with other Trust Funds.
Recommendations — Capital gains should be posted on principal and div- idends income should be posted to income. The Town should consider keep- ing each Capital Reserve Fund intact to facilitate accounting for them. Also, 38 Belmont Annual Report for 1990 as each Capital Reserve normally has a limited life and can be closed out at any time during a year, it is easier to account for each account separately.
What to read after Town of Belmont, New Hampshire : Annual Report 1990?
You can find similar books in the "Read Also" column, or choose other free books by Belmont (N.H. : Town) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
TAX LIENS Finding — All unpaid property taxes are not currently being tax liened. Con- sequently, this compromises the Town's ability to collect the taxes.
Recommendation — A //unpaid property taxes should be tax liened in accor- dance with New Hampshire RSAs.
Management's Comments — With our billing done on our own computer, the Tax Collector will be able to print a list of all outstanding taxes and place liens on those properties.
TRUST FUNDS Finding — Capital gains and dividends income were ...not consistently record- ed correctly. Capital Reserve investments are co-mingled with other Trust Funds.
Recommendations — Capital gains should be posted on principal and div- idends income should be posted to income. The Town should consider keep- ing each Capital Reserve Fund intact to facilitate accounting for them. Also, 38 Belmont Annual Report for 1990 as each Capital Reserve normally has a limited life and can be closed out at any time during a year, it is easier to account for each account separately.
What to read after Town of Belmont, New Hampshire : Annual Report 1990?
You can find similar books in the "Read Also" column, or choose other free books by Belmont (N.H. : Town) to read onlineMoreLess
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