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Budget consultant is well worth the cost, according to the City Council

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As the city prepares to address its budget in November, Councilwoman Liz Miele expressed her satisfaction with the fact that the accounts had been reconciled and that correct statistics had been provided.

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A portion of Rash’s responsibilities include working with the new River Valley Transit Authority and ensuring that the money in the authority is accurate even as the city continues to separate its many financial systems. Her total for the month was $13,382 dollars.

There are other federal programmes administered by the Bureau of Fire that are more than a year overdue in their reporting requirements.

According to what Rash said, “I was working with the chief to get the material together in order to be able to report on those federal awards.”

She said, “In that regard, I spoke with the Federal Emergency Management Agency (FEMA), who is one of your grantees, and when I was on the phone with her, she told me that you had been chosen for a monitoring so FEMA comes out and checks… and there was no response from the city, so those things are still outstanding.” FEMA is one of your grantees. “In regard to that, I spoke with the Federal Emergency Management Agency (FEMA), who is one

Because there have been few bank reconciliations performed since December 31, 2019, Rash said, “so the information in your system is not accurate. so I gave them historical data but it’s only as good as what’s in this system right now, so we will be working towards getting budgets together, and I’ve also attended the pension board meeting for the fire department.” There have been few bank reconciliations performed since December 31, 2019.

In terms of the company’s finances, Rash completed the filing of the quarterly taxes for the second quarter. “While I was sifting through heaps of material that were left in the finance department,” she added, “I noticed an Internal Revenue Service notification for the fourth quarter of 2021.”

“When I contacted the IRS, I was informed that you really had three concerns that needed to be resolved, the most significant of which is a notice dating back to 2017 informing you that you failed to file certain papers with the IRS.

Rash told me that “they had issued you many letters, none of which were replied to,” and that “you’re now in the civil penalty phase,” which indicates that the probability of getting those fines mitigated is close to nil. “They had sent you multiple notices.”

Rash sent a request to the Internal Revenue Service (IRS) asking them to provide her a transcript of the material so that she may draught an abatement letter and try to get the city’s penalty of $160,000 reduced.

During those conversations with the IRS, two different problems were handled.

In addition, Rash discovered that “you have money in what’s known as Pennsylvania unclaimed funds,” which prompted him to visit the website for unclaimed funds.

I was able to get your money from those organisations,” she stated.

She stated, “I’ve been addressing inquiries for department heads and suppliers, going through several stacks of envelopes that are opened and unopened and bills that are laying around.” “I’ve been answering questions for department heads and vendors.”

Rash submitted a large number of papers, met with RVTA to discuss their financial reconciliations, and met with human resources as well as a number of individuals to discuss pension, military buyback, and drop pension calculations.

She mentioned that the audit for the city in 2017 was not finished. She is holding virtual meetings with a number of folks to discuss cash management and is collaborating with M&T Bank to ensure that all city accounts are renamed appropriately.

She stated, “I’ve also been working on putting together a procurement policy for more policy for the city and I’ve spoken with software suppliers for your accounting system since it is severely obsolete.” “I’ve also been working on putting together a procurement policy for more policy for the city.”

Due to the fact that the city is unable to access several reports using the system it is now using, Rash has been offering some comments on various accounting systems.

The calculations for the decrease, the pension, and the buyback of military equipment have not yet been completed.

Rash is now going through the process of analysing previous audits, finishing the budget spreadsheets for the monies that are not part of the general fund, and then continuing to sift through the heaps of paper that are still present in the finance department.

Source: sungazette