Economy treasurer reports audit exit interview and payroll withholding changes

Clerk‑Treasurer Barb Irvin briefed the council on March 11 about the town’s financial administration and an upcoming audit exit interview. Irvin said auditors met with staff and that an audit exit interview had been scheduled earlier in the year; she also said she will upload the town’s annual report before the end of the month.

Irvin told the council she will begin withholding federal, state and local taxes and remit payments quarterly because of recent audit findings and payroll‑reporting needs. "I'm going to start paying myself just quarterly because so much is going to be coming out," she said, describing changes to payroll withholding and reporting processes. She also said she is working with the auditor and with the town’s bookkeeping software to reconcile how a CD was reported and to resolve a $240.40 county deposit that lacked documentation.

The minutes read at the start of the meeting recorded account balances but the transcript contains several inconsistent numeric renderings. The minutes as read list a checking account balance and a certificate‑of‑deposit balance; the CD balance cited in the minutes appears as $40,286.72. Council members agreed to sign vouchers and review bank statements at the next meeting. Irvin asked the board to sign vouchers and noted she would present reconciled reports at the next meeting after clarifying deposit sources with Wayne County and auditors.

Next steps: Irvin will work with auditors to adjust bookkeeping entries, upload the annual report and continue reconciling deposits and the CD; council members will review and sign vouchers at the next meeting.