Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Costs topic
No spam. Unsubscribe anytime.
Audit invoices landed after report; workshop hears earlier $180,000 projection
Summary
Staff said audit invoices for fiscal year 2025 arrived after the budget report was prepared; an earlier projection had estimated $180,000 and Baker Tilly was referenced in the discussion of audit and policy-review costs.
The finance audit for fiscal year 2025 produced invoices that staff said arrived after the budget materials were generated.
Staff explained that those audit bills "came in after this was already generated," and that prior budget notes had included a preliminary projection of about $180,000 for audit-related costs. Committee members discussed uncertainty around audit charges and the role of the audit firm; staff mentioned Baker Tilly in the context of audit cost discussion.
The group noted audit invoices are a material near-term liability that should be captured in updated budget projections and that staff will incorporate the newly received invoices into revised figures.
