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Patric S. Jordan of the accounting firm Ciaschi, Dietershagen, Little, Mickelson & Company, LLP presented the Lansing Town Board with a draft of an independent audit performed on the town's 2004 budget and spending. The report contains an unqualified opinion, which he explained is good, that the financial statements were accurately stated.


"The financial position is good for a town of this size," Mr. Jordan told board members. The firm found nothing negative, finding the town has complied with regulations in accepting bids and departmental spending.

He brought Consulting Manager Leslie Spurgin to answer questions about governmental regulations. Board Member Bud Shattuck noted that the board was concerned about planning for new expenses that will be incurred when State regulations regarding retirement packages that will go into effect in 2009. Ms. Spurgin explained the legal differences between putting money aside over a period of time and actually funding the program.


The board is concerned that waiting until 2009 to fund the program could make the town's financial rating take a hit. "You won't be alone if that happens," said Mr. Jordan. The board seemed to prefer building reserves to prepare for the time when the funds will be needed.


All in all the report showed the town operating in a fiscally responsible way, openly and accurately. A final draft will be prepared to be accepted by the Board at it's next meeting.


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