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Board hears 2025 auditors' engagement letter; proposed audit cost $26,500

Stamford Select Board · December 22, 2024
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Summary

Auditors sent an engagement letter for the 2025 audit; the board said auditors prefer to schedule after year-end and disclosed a proposed engagement cost of $26,500.

Board members reported that the auditors sent an engagement letter for the 2025 audit and that the auditors prefer to schedule the engagement after the fiscal year-end to ensure books are closed. The auditor-provided price mentioned in the discussion was $26,500.

"This year is 26,500," one committee member said when summarizing the proposed audit price. The board discussed the timing of the audit visit and noted fund-balance figures may not be available by town meeting; members thanked staff for prior cooperation and agreed to finalize scheduling after the year closes.