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Board approves FY24 auditor engagement letter
Summary
The Canterbury Board of Finance voted to approve the FY24 engagement letter with Mahoney Sable (total fee cited at $39,000) after a brief review; members described the contract as standard and noted fees are split with the school.
The Canterbury Board of Finance voted to approve the fiscal year 2024 auditor engagement letter with Mahoney Sable.
Board members said the engagement letter is largely pro forma with no major changes in scope or fee structure from prior years. The total fee was cited in discussion as $39,000 (board members noted that the cost is typically split with the school district). The board moved, Jason seconded, and members approved the engagement letter by voice vote.
Members said they had not had time to fully peruse the attachments but that the engagement letter follows the standard auditor template. The board indicated staff will circulate and file the signed management representation letter when the audit concludes.
Next steps: the town manager or designated staff will sign the engagement letter and file the representation letter at audit close.
