Town Council Special Meeting Summary - July 26, 2023 at 8:00 AM

Thank you to all who joined us for the Town Council Special Meeting on Wednesday, July 26, 2023 at 8:00 AM in Municipal Hall. The following is a summary of the meeting for those who could not attend. You may download the meeting packet for further details.  Please note that this is a summary and not formal minutes.  Minutes from this meeting will be included in the following month's meeting packet for the Regular Town Council Meeting.  

I. Call to Order: Mayor Pritchett called the meeting to order.

II. Agenda Adoption: The Agenda was approved as written.

III. Fiscal Year 2023-2024 Audit Contract with Martin and Starnes Associates: Martin and Starnes Associates has requested approval for a proposed Fiscal Year 2023-2024 Audit Contract. The Town has contracting with Martin and Starnes for a number of years. The proposed FY 23-24 Audit Contract includes an additional $10,000 to cover increased time and labor. You may refer to the attached Proposed FY 23-24 Audit Contract; 2023 Single Audit Engagement Letter; Annual Financial Information Report Engagement Letter in the meeting packet. 

Finance Director Steve Ford recommends approval of the proposed contract. He also recommends rebidding the audit contract in the future, as it is standard procedure to change audit firms periodically to ensure a variety of practical insights. He provided a brief overview of the findings of the recent audit. 

The FY 23-24 Audit Contract with Martin and Starnes Associates was approved.

IV. Adjournment: The meeting was adjourned.