|The collection policy for the Adak utilities is located in Chapter 4.11 of the City of Adak Code of Ordinances.
The City of Adak utilizes QuickBooks Pro 2009 for the accounts payable, accounts receivable and payroll entries. The cash disbursement, cash receipt system is also entered into QuickBooks and has a manual receipt system. Adak also has a firm contracted to handle all payroll tax liabilities along with the QuickBooks entries.
A chart of accounts was generated from QuickBooks that shows all income, expenses, liabilities, assets, accounts receivable/payable and bank accounts.
Monthly bank reconciliations are made by the clerk and manager, with cash flow statements provided to the council.
There is a purchasing policy in the City of Adak Code of Ordinances, Chapter 4.05.