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Friday, January 10, 2014

Selectmen OK Auditing Contract for BOE Shortfall

The Westport Board of Selectmen today approved a contract with auditing firm McGladrey LLP to conduct an analysis of the Board of Education’s health insurance fund which is blamed for causing a $2 million shortfall in the school system’s $104 million budget for 2013-14.

In a special 22-minute meeting, the board authorized the analysis subject to the Board of Finance appropriating $15,000 for the study.

First Selectman Jim Marpe said he asked Selectman Helen Garten to oversee the study on behalf of the Board of Selectmen. She said it would be conducted in three phases – reconciliation of the current fiscal year figures, then a review going back to 2011, and finally a review of internal controls and oversight issues and coming up with a final report.

She said a preliminary report on each phase would be done as the work is completed and shared with the Board of Education, Board of Finance, and Board of Selectmen.

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