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As part of the Governmental Accounting Standards Boards (GASB) Standard #34, the Town was required to develop a listing of all assets and liabilities which was to be indepedently audited. As part of this standard, the Town had to develop a "Management Discussion and Analysis" or MD & A similar to private corporations to give our "stockholders" (taxpayers) a clear understanding of the overall financial condition of the municipal government.
Sturbridge's most current MD & A is attached. For any questions rearding the attached, please contact James J. Malloy, Town Administrator at (508) 347-2500 or at jmalloy@town.sturbridge.ma.us
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