Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Silver Plume board approves 2025 audit engagement; clerk flags accounting setup and potential rate study
Summary
The board approved an engagement letter with auditor Patrick Hall to complete Silver Plume’s 2025 audit; trustees were told 2024 audit delays left incorrect beginning balances in Caselle that must be fixed and that a water and sewer rate study will be needed.
Trustees on April 13 approved an engagement letter with auditor Patrick Hall to conduct Silver Plume’s 2025 audit and discussed accounting issues that delayed earlier work.
Mayor Lee Berenato told the board the 2024 audit was six months past due and that communication with the prior auditor had been poor, though the auditor now has the town’s accounts set up and the 2025 audit should proceed more quickly. Berenato said the town must approve the engagement to meet the state deadline; the clerk said the 2025 audit is due to the state in July and the Board needs to approve by June.
The clerk reported that beginning balances in the Caselle accounting system were set up using incomplete 2024 audit figures, and that correcting those beginning balances is the primary barrier to starting the 2025 audit. Berenato said the auditor—licensed in Colorado but not locally based—has recommended the town conduct a rate study this summer to evaluate possible water and sewer rate increases; the board did not set any specific rate increase at the meeting.
Trustee Tammy Frey moved to approve the Patrick Hall engagement letter for the 2025 audit; Trustee R. McDonald seconded and the motion carried with all in favor. Trustees noted the town does not have time to solicit alternate auditors before the July 31, 2026 state deadline and agreed to approve the engagement to avoid missing the filing deadline.
