ATMA audit gets favorable review
The 2008 audit of Antrim Township Municipal Authority was presented Monday night by the township's new auditing firm, Boyer and Ritter, Certified Public Accountants and Consultants. Charles Frame, a partner in the company, told the board it had a healthy balance sheet. ATMA had held the line on expenses and increased its assets, he reported. The assets on the sewer side rose $55,000 to $3.55 million; and on the water side were up $40,000 to $621,000.
The independent audit was conducted on Antrim's modified cash basis of accounting.
"Mary (Klein) did a great job," Frame said of Antrim's new secretary/treasurer. "It was a tough year for her under the circumstances."
He complimented her and administrator Brad Graham and others for being willing to take suggestions for improvements to the accounting system.
The ATMA financial report given to Boyer and Ritter did not include the Management's Discussion and Analysis as required by governmental accounting standards SGAS 34. The Governmental Accounting Standards Board (GASB 34) determined the MD&A was necessary to supplement, but not required to be part of, basic financial statements, Frame said. Such an analysis would be an explanation of what happened during the year from the authority's perspective. He added that it was not unusual not to be included, because of the cost of time for ATMA and other municipal entities of the same size.
In other business, ATMA member Robert Schemmerling noted the board had to prepare to replace solicitor Shawn Meyers, who would be leaving his post in January. Meyers is assured election to a judge's bench in Franklin County in November. Meyers agreed that by the September meeting ATMA should put into place a procedure to find a new solicitor.