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Board authorizes consultant hours to finish delayed FY 2024–2025 audit
Summary
The Board of Finance approved up to 40 hours of external consulting at $235/hour to help complete bank reconciliations and close out the FY 2024–2025 audit after auditors flagged incomplete reconciliations and a potential staffing shortfall.
The Board of Finance voted May 26 to authorize up to 40 hours of outside consulting at a rate recommended by auditors to help complete bank reconciliations and finalize the FY 2024–2025 audit.
Paula reported that bank reconciliations are not complete, causing a delay in the audit. Auditors recommended hiring outside assistance at $235 per hour, estimating 30–40 hours of work (approximately $6,000–$7,000). Board members raised concerns about sustainable workload and long-term staffing needs for accounting functions. The board set a target to complete reconciliations and finish the audit by the end of June.
A motion to approve up to 40 hours of consulting assistance was made by Barry Luff and seconded by Michael Weglarz; the motion passed without opposition. The board did not record additional details about which department will manage the consultant or a specific contractor name at this meeting.
Next steps: staff will proceed with engaging the consultant time authorized and continue working toward completing reconciliations and the audit within the stated timeline.
