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April 2002 |
Manatts
Mirror |
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Back to First Page Inside
this issue: Manatt's Mirror Jamie Kriegel
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It seems that the fall work just gets put to bed and the winter work
in accounting really gets in gear. First thing we have to contend with is the certified audits for all
the companies. Most of you probably don’t know the reason why we have
to have certified audits. The easy answer is “because we have to”.
The State Department of Transportation requires our CONTRACTOR’S
STATEMENT to be certified by our auditors. Then, the Banks, Insurance
Companies, and the Bonding Company like to have the audits also. That
can take close to a month to help the auditors get through all the
companies. (At least we don’t have to worry about an Enron type of
problem). Another big job for us is to switch over all the files from last year
to this year. Doesn’t seem like a big job but it takes us many weeks
to clean out the old files, microfilm everything, and then set up the
new files for the new year. We actually rent an extra microfilm machine
to speed things up. We are still working on getting all the paperwork
microfilmed from last year. We then have to set up all the relationships for the coming year. As
an example, our banking relationships are very important to us. We have
to agree on bank fees, interest rates, etc., before we get working in
the spring. That is a project that takes me about 6 weeks of work to get
done. We have to report many things to them. It really makes us take a
good hard look at our business and explain differences from previous
years. By the time we get everything ready to go, it is time to GO! But no
matter how anxious we all are to start work this spring, let’s
remember that we don’t want to have anyone get hurt or worse. Please
work safe this coming construction year. The life you save may be your
own!!!! 401K Retirement Match
Remember to check the amount you are contributing to your 401K. The amount Manatt’s, Inc. will match changes depending on your years of service. The match is as follows: 1 to 2 Years of Service $100.00 3 to 4 Years of Service $250.00 5 to 6 Years of Service $500.00 7 to 8 Years of Service $750.00 9 to 14 Years of Service $1,000.00 15 to 24 Years of Service $1,500.00 25 or More Years of Service $2,500.00 If you have a question on your match, please contact Diane Kilmer in the Brooklyn Office. If you need to change the amount being deducted from your paycheck, please contact Frank Heinen or Diane Kilmer and we’ll see that the correct forms are sent to you. These changes are not done automatically. |
