Auditor flags repeat year-end closing issues, council accepts FY2025 audit
Baker Tilly reported repeat findings about year-end closing procedures and a FEMA grant period-of-performance issue; auditors noted a large increase in net position driven by grant revenue and recommended strengthening closing controls or continuing consultant support. The council accepted the audit and single-audit reports.
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Baker Tilly presented the town's fiscal-year 2025 financial statements and a federal single-audit. Auditor Brian Hemmerly said the audit included a repeat finding related to year-end closing and timely posting of journal entries, and a federal finding that $30,826 of FEMA-reimbursed spending occurred outside a documented period of performance.
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