Ellsworth Finance Team Plans Improvements Following Audit Critique

In the heart of Ellsworth, Maine, the Finance Committee convened on July 25, 2025, to address pressing financial matters that could shape the city’s fiscal future. The meeting buzzed with anticipation as committee members prepared to tackle the findings of a recent audit, a crucial step in ensuring transparency and accountability in the city’s financial practices.

The discussion kicked off with a focus on a draft management letter received just the day before, highlighting critiques that the finance team must address. One finance director expressed a commitment to tackling these issues head-on, emphasizing the importance of learning from the audit to improve the upcoming fiscal year. “I know we have a lot to work on,” they stated, revealing a sense of optimism about the potential for positive change. The team is already taking steps to enhance their financial reporting, particularly regarding grants, and is eager to implement necessary adjustments.

As the conversation progressed, the committee acknowledged the need for a more efficient review process for financial warrants. With documents typically released late in the week, members expressed concern about the feasibility of conducting thorough reviews in such a short timeframe. A request was made for highlights of any significant items that might require immediate attention, ensuring that critical issues do not slip through the cracks.

In a proactive move, the committee announced the hiring of Sue Lessard, a former town manager, to assist in refining the city’s financial procedures. This initiative aims to elevate the finance department to “best in class” status, with Lessard expected to provide a real-time analysis of current systems. Her insights will be shared with the council, offering a snapshot of the city’s financial health and paving the way for improved audits in the future.

The meeting also touched on the timeline for upcoming bond discussions, a topic that the council is keen to explore further. As the committee navigates these financial waters, the overarching goal remains clear: to foster trust and transparency within the community, ensuring that residents can rely on sound financial management moving forward.

As the sun set over Ellsworth, the Finance Committee left the meeting with a renewed sense of purpose, ready to tackle the challenges ahead and committed to building a stronger financial foundation for the city.