INVESTIGATION AND AUDIT COMMITTEE
TOWN COUNCIL MAJORITY OFFICE
FEBRUARY 15, 2012
PRESENT William P. Horan, Jr., Councillors Barbara Rossi and Eric Thompson
ALSO Michael Walsh, Finance Director
PRESENT Councillors Ram Aberasturia and Marc Weinberg
CALL TO ORDER
Chair Horan called the meeting to order at 5:45 p.m.
APPROVAL OF MINUTES
December 7, 2011 Meeting
MOTION By Eric Thompson
seconded by Barbara Rossi
to approve the minutes of the December 7, 2011 meeting.
Motion carried 3/0.
OPPORTUNITY FOR RESIDENTS TO SPEAK
None
NEW BUSINESS
None
OLD BUSINESS
Audit of Town Construction Projects over $500,000 RE: Town Hall Renovations
Finance Director Mike Walsh initiated a general discussion of Town Charter Section 3.7 – 3.10, concerning audits of town construction projects, which was originally initiated after, and in response to, the Public Safety Complex construction project. BlumShapiro has proposed an “agreed upon procedure” for a cost of $8,200. This “agreed upon procedure” is considered a step below a full audit, but would meet the desires and expectations of the Investigation and Audit Committee. An audit would cost about twice that sum, approximately $15,000 to $18,000. A general discussion of the procedure followed. Once the proposal from BlumShapiro is approved by the Town Council and the letter of engagement is signed, the approximate time to complete the procedure is one month.
MOTION By Barbara Rossi
seconded by Bill Horan
to recommend that the Town Council approve the agreed upon
procedure as proposed by BlumShapiro to review the Town Hall
renovations project
Motion carried 2/1. Nay: Thompson
Discussion was initiated by Councillor Thompson to perform a full audit, not the agreed upon procedure.
MOTION By Eric Thompson
No Second
to engage BlumShapiro to perform an audit on the Town Hall
renovations project.
Motion dies.
ADJOURNMENT
MOTION By Eric Thompson
seconded by Barbara Rossi
to adjourn at 6:06 p.m.
Motion carried 3/0.
C: Town Council
Mayor Leclerc
Mike Walsh, Finance Director
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