Adams Annual Audit Mostly Positive
The Adams Board of Selectmen heard mostly positives from certified public accountant David Irwin Jr. regarding the town's most recent audit of town financials.
The representative of Adelson & Co. performed the breakdown of fiscal 2019's books as he has for the past few years and the results are fairly consistent with recent audits.
The town is adhering to all required regulations, there are no accounting irregularities, debt service is being met, benefits of current and retired employees are covered. Irwin did however mention deficiencies in the same areas that have come up in years past: free cash and the stabilization fund.
Irwin said although both these accounts are lower than towns are generally comfortable with, they have been consistently moving in the right direction.
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