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Council reviews audit engagement letters and schedules utility-rate study presentations
Summary
Staff recommended audit engagements (federal-award scope and annual audit) and proposed dates for a utility-rate study presentation; council supported the auditor and asked for study materials before the scheduled rate-study meetings.
Staff reported two audit-related items: an additional federal-award audit scope estimated at $10,000 and the annual audit fee of $33,120 with TB Anderson (year three of a three-year agreement). Staff said TB Anderson's fees appear comparable to peer towns and recommended continuing the engagement pending the procurement schedule next January.
Separately, staff previewed a utility-rate study and proposed presentation dates (the 10th and 31st of the month) and said the consultant would be prepared to show interactive modeling and data breakdowns of expenses by customer class. Council members requested the materials in advance and said they expected to review model assumptions before the presentation.
Next steps: staff will finalize audit engagements and deliver utility-rate study materials ahead of scheduled presentations so council can review and pose scenario questions during the interactive sessions.
