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Keene switches auditors; council approves contract with Morgan & Young firm
Summary
After council discussion about prior audit processes and finance system migration, Keene approved a new audit agreement with Morgan & Young (presented as Butcher/Morgan & Young Public Accounting) to audit fiscal-year 2024, replacing the city’s prior auditors.
The Keene City Council approved an agreement to engage a new independent audit firm to perform the audit of fiscal year 2024 at the Aug. 7 meeting.
City Manager Jonathan Seitz explained the administration sought a change in audit firms after several years with the previous auditors. Seitz said the selection followed staff review and conversation with a consultant working on the city’s finance system (Doug Martella). Finance staff, including newly arrived finance manager Mara (last name given as “Mara” in the meeting), described difficulties in migrating financial data from the prior system to FundView and said the change was intended to secure an auditor experienced with municipal accounting and the city’s software environment.
Mara described data-migration and reporting issues with the existing FundView deployment and said that portions of past auditors’ work produced transaction lists the city still had to reconcile in its system. She and Seitz told council that the suggested firm has municipal experience and that the proposed contract cost of the audit was approximately $54,000. Seitz said the new firm’s proposal was less expensive than the prior auditor and that staff and the consultant recommended the change.
Councilmember Rob Foster moved to approve the agreement with Morgan & Young (referred to at the meeting as “Boucher/Morgan and Young Public Accounting” in varying pronunciations); Thomas Smith seconded the motion. The motion passed by unanimous vote.
Seitz said staff will continue to work with the consultant and finance staff to clear historical reconciliations and finalize fiscal-year reporting.
