Finance Committee · Jul 6
Committee members raised serious concerns after approving a budget without access to last year's audit report.
- The Finance Director reported that the FY25 audit is delayed until November. The reason cited was staffing turnover and a backlog of work. This delay requires a state-approved extension, meaning the full financial picture for the last year isn't available yet.
- This delay is causing friction. During the meeting, Council members expressed dissatisfaction, with at least one member stating that approving a budget without seeing the previous year's audit is 'not acceptable.'
- Why it matters: Approving current spending and future budgets without the context of a completed audit limits the ability of officials to ensure fiscal responsibility. We will be watching the next meeting for the requested interim reports.