Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Compliance topic
No spam. Unsubscribe anytime.
Londonderry approves new auditor engagement after federal funding threshold exceeded
Summary
Town Treasurer Tina Labeau told the board the town exceeded a $750,000 federal funds threshold requiring a new auditor engagement; the board approved hiring Sullivan, Powers and Company and authorized the Town Administrator to sign necessary documents, noting the audit may cost about $5,000 over budget but could be reimbursed by grant requirements.
The Selectboard approved engaging Sullivan, Powers and Company to provide auditing services for fiscal year 2025 after Town Treasurer Tina Labeau reported the town had received federal funding over the $750,000 threshold that triggers additional audit requirements. Labeau estimated the engagement could cost approximately $5,000 over the current budget, and Town Administrator Aileen Tulloch said some of that expense might be reimbursable as a grant requirement.
The board voted unanimously to approve the engagement and authorized the Town Administrator to sign any documents necessary to secure the auditor services.
