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6 <br /> Finance Committee <br /> Minutes <br /> December 3, 2020 <br /> NEW BUSINESS <br /> Presentation from Town Manager, <br /> Discussion of Annual Audit: <br /> Review of past processes for determining Audit: <br /> Discussion of scope of the Audit: <br /> Discussion of selecting Audit Firm: <br /> Discussion followed with respect to the RFP and its process. <br /> A motion was made by Mr. Pettengill to move forward with an RFP for Auditing Services. <br /> The motion was seconded by Mr. Brady. <br /> After discussion and review of the timeline involved as well as COVID restrictions it was agreed <br /> the motion would be withdrawn, and the Finance Committee would move forward with an <br /> extension of the current audit contract. <br /> Town Manager Rodney C. Collins recommended the Finance Committee consider extending the <br /> current audit by one year to grant additional time to the Finance Committee to conduct a review <br /> of comparable Request for Proposals for Auditing Services. Additional input would be obtained <br /> based on the review of RFP's from municipalities of similar size. <br /> It was noted CliftonLarsonAllen is currently working on the FY20 audit. This would be a <br /> second extension of their contract for auditing services for FY21. <br /> Motion made by Mr. Pettengill to extend the contract of CliftonLarsonAllen for one-year <br /> as recommended, and during that period the Finance Committee would begin the process <br /> of writing an RFP for auditing services after the contract extension. <br /> Motion seconded by Mr. Miller. <br /> VOTE: Unanimous. 6-0. <br /> Roll Call Vote: <br /> Mr. Pettengill,yes Mr. McKelvey,yes Mrs. Furbush,yes <br /> Mr. Miller,yes Mr. Brady,yes Mr. Currier yes <br /> Opposed, none <br /> The Finance Committee expressed appreciation to the Town Manager and his Financial Team <br /> for the insight on the audit to make an informed decision. <br />