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Thursday, July 14, 2011

RECIEPTS, Why it can be beneficial to keep them.

This is a receipt.
I have been audited and know this first hand. Store them if you don't have room to, because sooner than later the Al Capone syndrome comes around.

It is good to keep them, even if you need to turn them in for reimbursment. But they are not yours after you turn them in for reimbursment, to reuse, or are they? I still have one from when I paid a bill to Demoulas Market for the food ordered by a past Mayor to feed people he had on Plum Island Beach during a declaired emergency. Seems the manager at Demoulas did not think the food ordered by a mayor was free for the asking. So I came forth and paid the bill out of my pocket. Kept the reciept and waited a LONG time before the mayor reimbursed me for the expendature. See, the IRS needs to know weather or not I was reimbursed for the claim. And they knew it. Well, now there is a need for $7,000 worth of reciepts for money claimed by a city manager as spent. Problem is that the city auditor cannot find reciepts for the expendatures, yet. They may show up in another form when push comes to shove, or can they?

It seems that over $7,000.00 worth of them are in question from the Department of Public Service in Newburyport. Along with reciepts for cash meals served up there to feed county prisoners. Does the county rreport excess food when prisoners are fed by other means? How does that work? Do the workers there just take the excess home? How would that be tracable?

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