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Board discusses audit needs; OEDA audit to be completed through town process
Summary
Board member Rosemary Paparo urged an independent audit; staff reported the OEDA audit for the year will be handled through the town's audit process rather than as a separate independent audit. No formal vote on audit type was recorded.
Rosemary Paparo raised concerns about the need for an independent audit of the Onancock Economic Development Authority during the March 19 meeting. She recommended considering an independent review to ensure transparency and appropriate financial controls.
Matt Spuck responded that this year’s OEDA audit will be completed through the town’s audit rather than by a separate independent audit engagement. The minutes record the exchange but do not show the board taking a formal vote to require an independent audit, leaving the town-process approach as the recorded plan for the current year.
Board members did not set additional follow-up tasks beyond relying on the town’s audit process; if members later request an independent engagement, that would require a future action by the board or request to the Town Council.
