Braintree’s Town Council has released two requests for proposals for auditing services.
It’s all in an effort to prepare for next year, when both the contracts for external auditing company and the internal town auditor will expire, Clerk of the Council Jim Casey said.
“Anyone can apply to it, including the current [auditors],” Casey said. “What it is, is the existing one has expired and the council is just looking to update that existing contract. It calls for a three-year contract, but state law does allow you to extend it for two additional years. But the council is only requesting for a three-year bit.”
The town auditor is used to look at budgetary issues with the council, whereas the auditing services looks at overall town fiscal functions and how they handle federal funds.
According to the town’s website, “the [town] Auditor will work with the Town’s Director of Finance and other Town officials to provide proper checks and balances with respect to finances.”
Audit Services will be used “to perform municipal audits to audit the books and records of the Town for fiscal years ending June 30, 2012, 2013 and 2014… prepare a Comprehensive Annual Financial Report (CAFR) for submission to the Government Finance Officers Association…[and] audit of the School Department end-of-year report,” the website said.
Although the town auditor contract won’t expire until the end of December, and the auditing firm currently employed by the town will be operating until March 2012, the process is being started well in advance this time around after learning from the decision three years ago.
“If we go back when we did the outside audit three years ago, we were under the gun to get it done, and we want to ensure we’re ahead of the curve this time, so whoever gets the contract should be able to move right forward with it,” he said. “I was happy we were this far ahead, so I think we’re doing pretty good getting this out in a timely manner.”
Both RFP’s will be announced in December.
To view the posting for the auditing service’s position, click here.
All candidates must apply by Oct. 25.
To view the posting for the town auditor position, click here.