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Audit committee adopts charter; consultant proposes FY26 internal audit focusing on TRT, roads and airport grants
Summary
The audit committee adopted an audit charter and discussed a proposed FY26 internal audit plan. Consultant GPP Analytics proposed an initial performance audit (estimated 260 hours, ~$45,000) focused on TRT mitigation, state road funding (Class B/C) and airport grants, with a phased approach and draft contract to follow.
The Grand County Audit Committee adopted an audit charter on Aug. 18 and heard a proposed internal audit approach from consultant Julian Metcalfe of GPP Analytics. The committee also discussed priorities for a FY26 audit plan and the need for a formal contract before any engagement begins.
Julian Metcalfe said he adapted the charter language from national local‑government audit standards and tailored it for county needs. The committee voted to adopt the charter and directed staff to use it to develop an audit plan for next year.
Metcalfe outlined a proposed performance audit that would focus on restricted funds and high‑risk grant programs, citing Tourism, Recreation and Travel (TRT) mitigation funds, state Class B and C road allocations, and the federal airport grant program. He estimated the work at roughly 260 hours and approximately $45,000, and described a three‑phase approach: planning and risk assessment, fieldwork/testing, and draft/final reporting with management responses attached.
Committee members asked for clarification on timing and budget. Several commissioners said they wanted an audit rotation that included elected offices on a scheduled basis and suggested splitting audit targets across elected offices, internal departments and service districts so no single category is repeatedly reviewed. The committee asked staff to provide a proposed rotational schedule and to confirm available budget for FY26. Members also asked county counsel to review any plan that involved auditing special service districts to ensure statutory authority.
Contract and next steps: committee members asked county staff to provide the county's standard independent contractor form to the consultant so a formal contract can be drafted. The consultant asked the county to specify contract terms and insurance requirements before fieldwork begins.
Ending: the committee adopted the audit charter and requested a formal FY26 audit plan and contract framework. The committee said it would consider funding in the upcoming budget cycle.
