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Council approves FY25 budget amendments and renews audit contract with Thompson Price Scott Adams for up to $37,500
Summary
The council approved three budget amendments reallocating existing funds to cover legal, insurance, personnel and sewer treatment costs and recognized additional revenues; it also approved an audit contract not to exceed $37,500 with Thompson Price Scott Adams and Company for the FY25 audit.
The Nashville Town Council approved a set of budget amendments for fiscal year 2025 and authorized a one-year audit contract for FY25 with Thompson Price Scott Adams and Company, not to exceed $37,500.
Finance staff presented three budget amendments: Amendment 24 reallocates lapse salary and health-insurance savings and increased interest revenue to cover unforeseen legal, insurance and bond fees and to avoid using fund balance; Amendment 25 reallocates $50,000 of contingency to cover professional services related to Atlantic Natural Foods, full-time salary costs for an employee service package, and sewer treatment charges to the City of Rocky Mount; Amendment 26 recognizes additional water and sewer revenues and increases both revenues and expenditures by $200,000 to cover the final bill from Rocky Mount.
Council approved the amendments by voice vote following staff explanation that the changes reallocate existing revenues to avoid touching fund balance and to ensure adequate appropriation for known charges. The council also approved extending the town’s contract with Thompson Price Scott Adams and Company to perform the FY25 audit at a cost not to exceed $37,500; staff said relatively few firms in the state handle audits for small towns and the amount aligns with past years’ charges.
Both the budget amendments and the audit contract were approved by voice vote; no roll-call tallies were recorded in the meeting transcript.
