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Wellfleet officials set up plan to fix accounting deficiencies capecodtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capecodtimes.com Daily Mail and Mail on Sunday newspapers.
WELLFLEET – An audit done by Powers and Sullivan LLC found a number of standard accounting procedures that town officials failed to follow during fiscal 2020. The revelation opened a can of worms for interim Town Administrator Charlie Sumner and interim Town Accountant Lisa Soave.
The 12-page management letter spelled out a host of issues plaguing Wellfleet s bookkeeping and accounting systems. There s no evidence of fraud or theft, but the findings show just how vulnerable the town was to malfeasance.
Monthly reconciliations between the treasurer s office, accounting office and the bank the town uses haven t been done since 2018. This left the town vulnerable to theft.