Selectmen retain RHR Smith for audit; agree to 'agreed value' vehicle coverage with $2,000 premium impact
Summary
The Searsmont Selectmen unanimously voted to retain RHR Smith for auditing services for 2026–27 and approved changing vehicle coverage to 'agreed value' through Maine Municipal Association. Selectman Milinazzo said the premium "would increase approximately $2,000 and would go into next year's budget."
The board voted unanimously to retain RHR Smith to audit the town's financial statements for the 2026–2027 fiscal year after a motion by Selectman Milinazzo and a second by Selectman Staples. The motion carried without recorded opposition.
The Selectmen also approved changing qualified vehicle coverage to an 'agreed value' policy through Maine Municipal Association Risk Management Services. According to the minutes, "The premium would increase approximately $2,000 and would go into next year's budget." Selectman Milinazzo made the motion and Selectman Bailey seconded; the motion passed unanimously. The minutes do not record additional conditions or offsets to cover the premium impact.
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