NHCOG audit clears with no findings; $200,000 supplemental RSG funding announced
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Summary
NHCOG reported its FY25 audit returned zero findings, approved minutes and financial statements, and confirmed a $200,000 supplemental RSG allocation for housing and MSW will be added to operating funds and must be spent by June 30.
NHCOG reviewed administrative items and financial updates, approving minutes and financial statements and sharing a clean audit result.
Anne Marie, NHCOG finance staff, reported the financial statements showed no significant issues and operating expenses were slightly low but aligned with expectations. Rob and Anne Marie said the FY25 audit returned zero findings and previous findings were lifted; the audit was filed in early January.
Rob told members that a $200,000 supplemental Regional Service Grant (RSG) for housing and municipal solid waste (MSW) will be delivered as a lump sum next month and will be recorded as operating revenue. "We'll have to try to spend that by June 30," Rob said. Members discussed how that funding could support programmatic work, including downtown inventories tied to the housing program.
Other financial notes: Anne Marie said NHCOG is finalizing CD administrative updates with a local bank to improve interest terms and expected that to be wrapped up by the next meeting.
Procedural items: The board moved to approve minutes in a lump-sum motion (moved by Mike during the meeting) and then approved financial statements; motions were carried by general assent using meeting reaction tools.
Ending: Staff will place the audit on the next agenda for formal acceptance alongside final documentation and will manage the supplemental RSG funding in coordination with program priorities.
