- April 19, 2022
- Posted by: Bastion team
- Category: World News
EAST HAVEN — After extending the contract of its current auditors over the course of the pandemic, the town is looking for a new firm to audit its financial statements.
It’s general practice to put out a request for proposal for auditors every three to five years, according to Finance Director Jim Keeley.
Since 2017, the town has been using PKF O’Connor Davies. Keeley said via email Monday that the firm’s contract had been extended for the past two years, due to the coronavirus pandemic and a lack of bidders.
“This is a general audit that has been done every year — nothing out of the ordinary,” Keeley wrote.
Audits are required annually and all funds under the administrative control of the finance director and the Board of Education are included in audits.
Apart from those funds, fixed assets, infrastructure and all long-term debt is also included, according to the document.
In a letter earlier this year, Keeley stated that an audit of Mayor Joseph Carfora’s first budget in office showed a surplus of nearly $3 million, compared deficits prior to Carfora taking office.
Prior year audit results from former Mayor Joseph Maturo Jr.’s administration showed shortages of $3,679,591 in 2018-19 and $3,450,220 in 2019-20, Keeley wrote.
The town…