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Officials report four-year audit contract continuation, warn budget carryover will fall after transfers
Summary
An administration official said the state auditor allowed local firm Wilson, Shannon & Snow to continue city audits for four years—potentially saving $50,000–$100,000—and cautioned the committee that after the evening's transfers the unappropriated balance will be roughly $200,000 lower, urging fiscal restraint.
An administration speaker told the Finance Committee the state auditor approved continuation of a local audit agreement with Wilson, Shannon & Snow for four years, a development the speaker said could save the city an estimated $50,000–$100,000 over that period. The official said only the signature remained to finalize the arrangement.
At the same time, the official warned that after the transfers considered that evening "you'll be just a little bit short of 200,000 now after these transfers take place," urging caution on spending as the budget process for the coming year begins. Chair (Finance Committee) echoed the need for fiscal restraint and said committee members should examine expenditure requests carefully in light of reduced cash carryover.
