Millis finance staff: new auditors found no material findings; town saved about $15,000

Millis finance staff told the Finance Committee on March 25 that the town’s new auditors completed the FY25 audit ahead of schedule, reported no material findings and that the procurement yielded approximately $15,000 in recurring savings.

“We actually engaged with the new auditing firm, who actually just completed our FY 25 audit in record time,” Jody said. “They did a phenomenal job… we have saved money doing so as well to the tune of about $15,000.”

When a committee member asked whether the auditors found areas for improvement, Jody said there were no material or relevant findings. The auditors did note the school lunch (food service) account balance exceeded the typical threshold for months of operational expenses; Jody said the superintendent is implementing a plan to spend that down to roughly a three‑month reserve.

Jody said audited financials will be posted on the town website after the auditors present to the select board; she also said she has invited the audit team to appear before the select board and expects a date to be scheduled.

The finance presentation also covered the assessor budget (nominal software and inspection cost adjustments) and the treasurer/collector budget, which includes a leased postage/letter‑stuffing machine budgeted at about $10,700. The assessor presentation reiterated the town will undergo a revaluation in FY27–FY28 and that about $59,000 was set aside previously to cover the two‑year process.

Next steps: audited financials will be shared with the select board and the auditors will be invited to present; the superintendent will pursue the plan to reduce the school lunch fund balance.