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After a 2022 audit report identified a list of material and significant deficiencies in the town’s financial management during the last fiscal year, officials received encouraging news about the town’s finances last week.
NORWICH — During a discussion about problems uncovered in the town’s most recent audit, officials received recommendations and encouraging news about the town’s finances from an independent auditor last week.The Selectboard met on Wednesday with...
The lack of a clean audit report could affect the town’s ability to borrow money from lenders and could cause townspeople to question the reliability of the town’s financial reporting, as well as Selectboard decisions based on those records, , Town Treasurer Lindberg explained.
NORWICH — An independent audit of town financial records last fiscal year identified a list of concerns with account management, including unreconciled discrepancies, incorrect account balances and town expenditures made without written consent of the...
NORWICH — As time dwindles to finalize a municipal budget proposal, Selectboard members finds themselves with a dilemma — whether to present voters with a costlier budget than they’d planned or to scramble for roughly $200,000 in cuts.The Selectboard...