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Louisburg council amends budget and approves amended audit contract after delayed audit raises fees
Summary
Council approved a budget amendment to cover increased audit fees for fiscal 2022–23 and approved an amended contract with PB Meyers to complete the late audit. Council members discussed failures by a previous accounting firm to deliver necessary entries and asked staff to consider legal options for reimbursement.
The Louisburg Town Council on Oct. 15 adopted a budget amendment to cover increased audit costs for fiscal year 2022–23 and approved an amended audit contract with PB Meyers.
Town staff told the council the audit originally was estimated at $48,000 but work required to complete the late 2022–23 audit expanded the scope and the anticipated fees rose to about $144,000.…
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