Board authorizes three‑year audit contract amid single‑audit risk
The Select Board authorized continuation of auditing services with RHR Smith for FY27–29 and heard that new audit standards and a possible single‑audit requirement (if federal funds exceed $750,000 in one year) could raise the town’s audit cost.
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The board voted to authorize the town manager to execute a three‑year financial audit services agreement with RHR Smith for fiscal years 2027–2029. Staff said the firm is increasing fees to reflect new accounting standards and the extra time required to complete audits; the proposed contract figures rise from $10,000 this cycle to $14,000 in the near term and to $15,000 in FY29 under the letter provided to the town.
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