Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Procurement Audit topic
No spam. Unsubscribe anytime.
Board of Finance extends audit contract with CliftonLarsonAllen for FY25 at $97,300 pending City Council approval
Summary
The Board of Finance voted to extend the city's auditing contract with CliftonLarsonAllen (CLA) for the fiscal year 2025 audit at a proposed price of $97,300; members discussed rotating audit teams and the possibility of a future RFP.
The Torrington Board of Finance voted Tuesday to extend auditing services with CliftonLarsonAllen LLP of West Hartford for the fiscal year 2025 audit at a proposed fee of $97,300, with the extension subject to subsequent City Council approval.
Board members raised the prospect of issuing a request for proposals or rotating the audit team within the firm to ensure “fresh eyes.” Budget staff and the comptroller noted CLA (previously associated with Bloom Shapiro on some work) has been the city’s auditor for at least five years; the extension would make it six. Olivia DeRosa said parts of the audit staff have changed year to year while partners remained engaged.
The motion to extend the contract carried on a voice vote during the meeting; the extension is contingent on the City Council’s final approval. The board also said the firm’s partner Leslie Zoll will present the FY24 audit results at the board’s March meeting, offering an opportunity to discuss the audit team composition.
