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New Canaan CFO warns charter audit timelines could force missed state deadlines
Summary
Town CFO Anne Kelly Lenz told the Charter Revision Commission that embedding strict audit-timeline requirements in the charter risks missed state filing deadlines because auditors and school-year timing create unavoidable delays and the state recently added a tiered enforcement system.
New Canaan — Anne Kelly Lenz, the town’s chief financial officer, told the Charter Revision Commission on Feb. 12 that strict, charter-level timelines for municipal external audits risk leaving the town unable to meet state filing deadlines.
Lenz, who has been New Canaan’s CFO for four years and has worked in municipal finance for more than two decades, said the town closes its fiscal year on June 30 and must wait for the Board of Education’s 60-day closing before it can begin finalizing town books. “The earliest we can start closing our final books is the…
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