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Select Board hears unaudited fourth-quarter financial report; audit backlog noted
Summary
Bookkeeper Shani Dennison told the Select Board the fourth-quarter numbers are unaudited because the town lacks a completed audit since FY2022; she warned that Fire Department overages and multi-year FEMA receivables complicate final budget tallies.
Bookkeeper Shani Dennison told the Hope Select Board on July 22 that the town’s fourth-quarter financial statements are unaudited because the Town has not completed an audit since fiscal year 2022.
Dennison reported that the Fire Department went over budget and said multi-year FEMA receivables carried as auditors’ receivables make it difficult to determine final Roads expenditures until the audit is complete. She said there will likely be carry-forwards in the coming weeks to account for a bond and funds for the FY25 audit.
The board was told that the town’s auditor, Bill Brewer, will attend the next Select Board meeting on Aug. 12 to address the FY23 audit. No final audited numbers were presented at the July 22 meeting.
Because the figures are unaudited, the board did not take action on the fourth-quarter totals during the session. The report signals that the town’s financial recordkeeping will need audit resolution before definitive budget conclusions can be drawn.
