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Finance Committee reviews request for up to $40,000 more to finish FY24 audit
Summary
A staff member told the Finance Committee the city needs up to $40,000 above the previously approved $375,650 to complete reconciliation work by contractor Barry Dunn; a motion to accept the order was made and discussed but no final vote is recorded in the transcript.
The City Finance Committee on June 2 considered an order to allocate up to an additional $40,000 to cover unanticipated charges tied to contractor Barry Dunn's work reconciling fiscal year 2024 accounts. The audit engagement previously approved was for $375,650, and the finance director attached two invoices for $16,006.10 and $9,284, the committee was told.
A staff member explained the request and framed it as "an amount not to exceed an additional $40,000," noting the director expects the final cost will likely come in lower than that. The staff member said some of the outstanding work includes a school debt restatement and memo, preparation for financial statements, audit follow-up questions and updates to the trial balance based on school adjustments.
The chair asked for a motion; a committee member moved and another seconded to accept the order to authorize the additional funds. The motion was opened for discussion, but the transcript segment does not record a formal roll-call or final voice vote on this specific item.
If the committee or council advances the order, staff indicated the additional funds would be used to complete the audit follow-up and finalize FY24 statements. The transcript does not record further procedural steps or a final disposition for this request within the provided segments.
