By Meredith McCulloch
Audit Shows Bedford Uses Good Financial Practices
Sullivan, Rogers & Company, LLC, the Town’s auditor, reported to the Selectmen January 13 that the financial affairs of the town are in good order. The Comprehensive Annual Financial Report gave the financial statements an “unmodified opinion,” the best available. The report is used not only by the town administration, but also by rating agencies, lenders and others with whom the Town does business. Audits from previous years have been a factor in the Town receiving an AAA bonding rating.
In the verbal report, the auditor said the town was well organized and new information was provided smoothly. Finance Director Victor Garofalo thanked all the Finance Department staff and Town Accountant Debra Champagne in particular for their roles in providing information.
The report showed high levels of tax collection, and good cash balances. The revenue was higher than expected and expenditures were a little lower, largely due to the move to the state-run General Insurance Corporation (GIC) for employee health insurance.
To read the introduction by Finance Director Victor Garofalo and the full audit report go to: https://www.bedfordma.gov/sites/bedfordma/files/bedford_fy_13_cafr.pdf.
Bedford High School Ranked at Level 1
Superintendent Jon Sills reports that for the second year Bedford High School has been classified as “Level #1,” the highest classification. Tenth graders were rated #1 in Language Arts, one of thirteen communities in the state at that level. The classifications are based on the annual report on student achievement, dropout rates and teacher qualifications made by all schools in the Commonwealth.
To read the full report, click https://www.bedford.k12.ma.us/images/stories/pdfs/info/report%20card%202013.pdf , or here to read the Massachusetts Department of Education’s full profile of Bedford schools that participate in MCAS: https://profiles.doe.mass.edu/analysis/default.aspx?orgcode=00230000&orgtypecode=5&