REPORT OF THE FINANCE COMMITTEE
MARCH 2, 2016
A meeting of the Finance Committee was held on Wednesday, March 2, 2016, at 7:00 p.m. in the
Aldermanic Chamber.
Mayor Jim Donchess, Chair, presided.
Members of the Committee present: Alderman-at-Large Mark S. Cookson, Vice Chair
Alderman-at-Large Lori Wilshire
Alderman-at-Large Michael B. O’Brien
Alderman Benjamin M. Clemons
Alderman June M. Caron
Alderman Ken Siegel
Also in Attendance: Mr. John L. Griffin, CFO
Mr. Dan Kooken, Purchasing Manager
Mayor Donchess
We have had some technical difficulties and the sound was not on for the first five minutes of this meeting. To
recap what has happened we took the roll call and we accepted a communication from John L. Griffin, CFO,
regarding the audit prepared by Melanson Heath.
PUBLIC COMMENT - None
COMMUNICATIONS
MOTION BY ALDERMAN SIEGEL TO TAKE FROM THE TABLE THE COMMUNICATION REGARDING
THE MELANSON HEATH PRESENTATION
MOTION CARRIED
From: John L. Griffin, CFO/Comptroller
Re: Melanson Heath Presentation
e Tabled 2/17/16
MOTION BY ALDERMAN SIEGEL TO ACCEPT AND PLACE ON FILE
Mr. Scott McIntire, Shareholder, Melanson Heath & Company, PC
| am one of the principals responsible for the audit here | Nashua and the gentleman to my left is Mr. Ed Boyd
who is one of our audit managers who manages the day-to-day execution of our audit of your financial
statements. We are here to give you a quick walk through of not only the financial statements but even more
importantly than that, an overview of how our audit went because we do think that is perhaps the most
important communication we can make to you. We provided you with a governance letter which in essence
tells you really what | am going to orally communicate tonight which is essentially how the audit went. | am
really pleased to be able to report to you that our audit of your financial statements for the year ended June 30,
2015, went very well and in essence what that means is we found the books and records to be in good working
order. The key reconciliations, the cash, receivables, long-term debts and accounts payable; that those key
balance sheet accounts were reconciled on a regular and timely basis and as a result of that and of our audit
procedures we did not need to propose any significant audit entries. The numbers that you see here in your
financial statements are directly traceable back to the books and records of the city and they get uploaded
