REPORT OF THE FINANCE COMMITTEE
APRIL 4, 2018
A meeting of the Finance Committee was held on Wednesday, April 4, 2018, at 7:00 p.m. in the Aldermanic
Chamber.
Mayor Jim Donchess, Chairman, presided.
Members of the Committee present: Alderman Michael B. O’Brien, Vice Chair
Alderwoman-at-Large Shoshanna Kelly
Alderman-at-Large Brandon Michael Laws
Alderman Patricia Klee
Alderman June M. Caron
Alderman Linda Harriott-Gathright
Alderman Ken Gidge
Alderman Jan Schmidt
Also in Attendance: Dan Kooken, Purchasing Manager
John Griffin, CFO/Comptroller
Scott McIntire, Principal Melanson Heath
James Vayo, Downtown Specialist
Captain Eric Nordengren, Nashua Police Department
PUBLIC COMMENT - None
PRESENTATION
Melanson Heath & Company - 2017 Annual Audit and Comprehensive Annual Finance Report (CAFR)
John Griffin, CFO
John Griffin, CFO — here to my right is Scott McIntire, he is the Principal of Melanson Heath who performs our
audit. | would like to say that from my perspective the audit went very well this year. | have been here for 8
years and we've had excellent audits over those past eight years. My hat is off to the accounting staff on the
internal side and all the departments that work very well with our team as well as Mr. MclIntire’s audit
management team led by Ed Boyd. So without any further ado, Scott McIntire.
Scott McIntire
Good evening and thank you very much for the invitation to come in tonight and give a quick walk through of
our audit of your financial statements. It’s for the year end of June 30, 2017. Mr. Griffin indicated that Ed Boyd
leads the management team. Ed and | work very closely. He was just feeling a little bit under the weather
tonight and | thought it might be best for him not to be out at a public meeting not feeling well. He was a very
key and integral part of this engagement.
It’s our objective tonight to just give you a quick walk through of the audit process and to touch base on your
comprehensive annual financial report. It’s in excess of 200 pages and it is not our objective to go through
certainly even every other page in that document. What we would like to do is hit the high points that are in
there and also draw your attention to some places that might be an opportunity to go back to and look at a later
point in time to perhaps refresh your memory as to why certain key account balances may have changed.
There is what we call a Governance Letter in here addressed to the Mayor and the Board of Aldermen. It
really summarizes some of the next few things that | am going to talk about, which really is how our audit of
