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Committee told audit work is underway; finance software upgrade will be a budget priority
Summary
Staff said the town's audit work is in progress and that the finance software is aging and will likely require a multi-year upgrade; one estimate discussion placed a modern integrated system in the low hundreds of thousands of dollars.
Staff told the committee that the 2024 audit work is underway and that the town has closed the books on the prior fiscal year. "We are actively working on the audit," the interim town manager said, and staff reported they have most of the documentation the auditor needs.
Committee members and staff discussed the town's finance and billing software. Members said the current system is old and poorly integrated with utilities and billing; one staff comment estimated that replacing and integrating a modern system that handled enterprise utilities could be a substantial investment, but other members said reasonable options have been deployed by other towns for amounts well under $1 million. The interim town manager said a modern replacement is a high priority and that staff will return with cost estimates and an allocation methodology for any capital ask.
The committee asked for flat-file expenditure and revenue reports plus checkbook data each month during the budget season to improve oversight while the audit completes.
