Why do the audited statements take most of a year to finish after the audit is done?
8.5 to 13 monthsfrom the end of the year to council receiving the audited statements (worked out by us from the dates below), for 2025 back to 2022 (2025 is still a draft)
An audit is a check of the town’s books by an outside accountant. The audit work is done in the spring, but council gets the signed statements many months later. For 2022 the audit was in March 2023 and council received the statements on February 7, 2024. For 2023 it was July 2024 and January 8, 2025. For 2024 it was April 2025 and November 19, 2025. For 2025 it was April 2026 and September 16, 2026, which is faster but still about eight and a half months after year end. The treasurer’s reports say the auditor and staff have been “working to compile the audited financial statements throughout the year”. We did not find a reason for the gap.
Found by reading the town's own documents · 12 sources