WELLFLEET — Town officials are now backing away from their previous assurances that municipal accounts would be balanced, an audit completed, and free cash certified by the state in time […]
Wellfleet audit
WELLFLEET WOES
Tracking the Tangled Web of Town Finances
Looking back on Wellfleet’s fiscal annus horribilis
WELLFLEET — The town’s interim administrator and accountants like to refer to the journals and records they are working to make sense of as a “ball of yarn” that is […]
WELLFLEET’S ACCOUNTS
1,000 Errors Fixed So Far, As Search Continues
Free cash certification is now delayed until January
WELLFLEET — More than a thousand errors have been corrected in the town’s books for fiscal year 2020, interim Town Administrator Charles Sumner announced to the select board at its […]
MISMANAGEMENT
Routine Financial Audits Don’t Tell the Whole Story
‘Unknown variance’ of $765,000 remains unresolved
WELLFLEET — A half-dozen town officials have said no evidence of wrongdoing has been detected in a municipal accounting mess that dates back to at least July 2018 and has […]
FISCAL CRISIS
STM Is Put Off as Town Can’t Set Tax Rate
Facing a cash crunch, Wellfleet may have to borrow to pay bills
WELLFLEET — After meeting with a team from the state Dept. of Revenue (DOR) on Tuesday, interim Town Administrator Charles Sumner had more bad news about the town’s financial condition: […]
THE UNRAVELING
Wellfleet’s Accounting Nightmare Goes On, as New Issues Emerge
Untangling the mess could delay hiring a new town administrator
WELLFLEET — Untangling the mess of accounts that do not match and the unreconciled records dating back two years in the town’s books will take several more months. It may […]
WELLFLEET AUDIT
Management Letter Finds Major Discrepancies in Accounts
Town’s auditors are no-shows at select board meeting
WELLFLEET — While the town’s June 30, 2020 financial statements somehow passed muster, receiving what is known as an unqualified opinion in the independent auditor’s report from Powers & Sullivan […]
This Week In Wellfleet
Meetings Ahead
Meetings are held remotely. From wellfleet-ma.gov, hover over a date on the calendar on the right of the screen and click on the meeting you’re interested in for its agenda […]
TOWN FINANCE
Audit Finds ‘Major Deficiencies’ in Wellfleet Accounts
The good news: Top rating for the town’s bonds
WELLFLEET — Auditors have discovered “several major deficiencies in the town’s financial and accounting activities which will require immediate mitigation measures to correct,” Town Administrator Maria Broadbent reported to the […]
