Bellmawr Boro’s Corrective Action Plan For Year End December 31, 2017 Audit

The Borough of Bellmawr has posted a Corrective Action Plan regarding the two findings that were noted in the December 31, 2017 year-end audit.

Finding No. 2017-001
Condition
The Borough did not calculate and process health benefits deductions in accordance with state statutes. In addition, amounts reported on the Division of Pensions did not agree to amounts per payroll reports.
Corrective Action
The Borough has recently purchased new software for payroll which will calculate the health benefit deductions according to state statue. The pension deductions reported to the Division of Pensions did not include the retroactive payroll pension deductions. The CMFO has reported those deductions in 2018.

Finding No.  2017-002
Condition
Relating to bank reconciliations, the Borough failed to adjust for activity, including interfund transactions not being posted to general ledger.
Corrective Action
Mayor and Council met with the CMFO to discuss the Finding. The CMFO has agreed that she will transfer inter- funds on a monthly basis, posting the transactions to the general ledger.