HomeMy Public PortalAbout11-25-2014 BFO_Committee_Report_Request_201411201027041898November 20, 2014
To: Watertown Town Council President Mark Sideris
From: Vincent Piccirilli, Chair of Committee of the Budget and Fiscal Oversight
Re: Request for Committee Report and Action to be on the November 25 agenda
At its November 17, 2014 meeting, Town Auditor Thomas Tracy submitted a request to
the Committee of the Budget and Fiscal Oversight to review the proposals that his office
solicited for the selection of an audit firm to perform the Fiscal Year 2014, 2015, and
2016 outside audits.
Because of the time -sensitive nature of performing these audits, in particular the audit
for FY14, he requested that this be placed on the BFO Committee agenda for
November 24 to make a recommendation, and that the Committee make a
recommendation to the full Town Council on November 25 with an action for the Council
to vote on.
Mr. Tracy provided us with a summary of the proposals received, which are attached.
The BFO Committee agreed to add this item to its agenda for November 24 to allow the
Committee to discuss it and make a recommendation.
Unfortunately, I will not be able to submit a committee report for the November 25th
agenda by 5:OOpm Thursday November 20th in accordance with Council Rule 7.2.
Because Mr. Tracy feels that this is a matter of some urgency, I am requesting that this
memo with attachment be placed on the agenda under "committee report and action on
selection of an outside audit firm" and that you allow me to make a verbal committee
report and recommendation on November 25th, with a written report to be submitted
later.
The BFO Committee agreed at its November 17th meeting that this would be a prudent
course of action.
Thank you for your consideration.
Town of Watertown
Audit Fee Analysis
MelansonHeath
Powers and Sullivan
Town Student
(includes school EOYR) Activity Accounts Total
FY 14 $ 52,000.00 $ 3,500.00 $ 55,500.00
FY 15 $ 52,500.00 $ 3,500.00 $ 56,000.00
FY 16 $ 53,000.00 $ 3,500.00 $ 56,500.00
Town Student
(Single Audit Proposal) Activity Accounts Total
FY 14 $ 55,000.00 TBD $ 55,000.00
FY 15 $ 57,000.00 TBD $ 57,000.00
FY 16 $ 57,000.00 TBD $ 57,000.00
Roselli, Clark and Associates FY 14
FY 15
FY 16
Town Student
(includes school EOYR) Activity Accounts Total
$ 53,000.00 $ 9,000.00 $ 62,000.00
$ 53,000.00 $ 9,000.00 $ 62,000.00
$ 53,000.00 $ 9,000.00 $ 62,000.00
Firm Ron L. Beaulieu from Portland, Maine submitted a proposal which the Purchasing Agent and
Town Auditor are concerned whether the firm met the minimum requirement of Audit of Mass. Cities/Towns Clients
The proposal was for FY 14 in the amount of $57,000 and does not include the cost of any meetings