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Board approves 2024 audit engagement with Logan & Associates contingent on completion deadline
Summary
The trustees authorized a not-to-exceed engagement with Logan & Associates for the 2024 audit (staff cited $7,400 as the typical amount) but required a timeline/deadline be added to the engagement letter to ensure the audit meets the state deadline in June.
Town Clerk presented the standard engagement letter for Logan & Associates to perform the town's 2024 audit, noting the firm has completed prior audits for the town. Staff cited a typical not-to-exceed fee of about $7,400. Trustees expressed concern about last year's delays and asked that the engagement letter include a specific completion timeline to ensure the state deadline in June is met.
Trustee (speaker 8) moved to approve the contract with a contingency that the engagement letter include a deadline meeting the town's requirements; the motion carried by voice vote. The board directed staff to obtain the timeline from Logan and to have the mayor sign the engagement once the deadline is added. "We don't have any time, unfortunately," a trustee said, noting the county and state deadlines.
