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Board - Committee - Commission - Council:
Ad Hoc Finance Committee Subcommittee
Date: 2014 -10 -16 Time: 7:00 PM
Building: Reading Town Hall Location: Conference Room
Address: 16 Lowell Street
Purpose:
Attendees: Members - Present:
Mark Dockser, Craig Merry, Peter Lydecker, Paul McNeice
Members - Not Present:
Others Present:
iiECEIVED
DING MASS.
1014 DEC -4 A II` 25
Town Accountant Sharon Angstrom and Chris Rogers of Clifton Larson Allen
Minutes Respectfully submitted By:
Topics of Discussion:
Mr. Dockser called the meeting to order at 7 pm.
Nominations were taken for Subcommittee Chair.
Mr. McNeice nominated Mr. Dockser for Chairman seconded by Mr.
Lvdecker.
Nominations were closed.
A vote was taken to make Mr. Dockser Chairman and aooroyed 4 -0
The group discussed the process for investigating activities. Mr. McNeice
suggested that auditing often reviews procurement and employee cash
reimbursements are typically the "cash" area that need to be explored in a
forensic audit. The group also discussed the appropriate time frame for
review -2 years vs. 5 years vs 10 years. The subcommittee agreed to ask
about this from the invited auditors.
Chris Rogers of Clifton Larson Allen was invited to join the meeting to help
the subcommittee scope the investigation. He has been in municipal
accounting and auditing since 1994. He suggested we look at 2 phases: 1)
the acute issue and 2) policies as a separate project. He suggested that
review RMLD, Town Departments and Schools sequentially. He will send a
proposal for our consideration on scope in the coming days.
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Mr. Rogers departed. The subcommittee discussed a desire to interview
some other parties that have information regarding RMLD procurement
activities. This will likely be included in the investigation.
A second municipal auditing firm will be interviewed on October 21— Powers
& Sullivan.
Mr. McNeice made a motion to adjourn at 8.40 pm seconded by Mr.
Lvdecker, and approved with a 4 -0 vote.
Respectfully submitted,
Secretary
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