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Audit Objective

Determine whether:

• The Board established adequate long-term plans which appropriately addressed the Town’s operational and capital needs and funding sources.
• Town officials adequately safeguarded information technology (IT) assets.

Key Findings

The Board did not:

• Develop comprehensive long-term financial or capital plans.
• Adequately safeguard the Town’s IT assets.

Key Recommendations

• Develop and adopt comprehensive long-term financial and capital plans for a three- to five-year period.
• Develop and implement written IT policies and procedures.

Town officials agreed with our findings and indicated they plan to initiate corrective action.