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FINANCIAL RECORDS
The basic financial statements of the Township
of Algoma contain all the funds that are controlled by, or dependent on
, the Township's executive or legislative branches. Control by, or
dependence on, the Township is determined on the basis of appointment of
the governing authority, budget adoption, taxing authority, obligation
of the Township to finance any deficits that may occur, scope of public
service, and ability to significantly influence operations. |