Ava Community Energy Financial, Administrative and Procurement Subcommittee
September 16, 2022

Audit Update
Jason Bartlett
Senior Finance Manager
SEPTEMBER 16, 2022
2 Audit Status
• Each year, an independent auditor reviews EBCE financial records for the previous fiscal year
• Because EBCE’s fiscal year is from July 1 through June 30, the audit usually begins by mid-late July and is completed by the beginning of October • An ad-hoc committee is formed from current Board members to confer with the auditor independent of staff involvement
• The ad-hoc committee met on August 11, 2022 and is scheduled to meet again on September 26, 2022
• The results of the audit are presented to the Board in the October Board Meeting as an informational item
• The audit is currently on-track for October delivery
3 Audit Timeline
Monday 6/27/2022 July August 8/29/2022 9/5/2022 9/12/2022 9/19/2022 9/26/2022 10/3/2022 10/10/2022 10/17/2022 Friday 7/1/2022 9/2/2022 9/9/2022 9/16/2022 9/23/2022 9/30/2022 10/7/2022 10/14/2022 10/21/2022 Transition of Fiscal Year
Audit Kickoff 7/26/2022
Ad Hoc Committee Meeting 8/11/2022 9/26/2022
Delivery of Key Documents
Delivery of Trial Balances
Bank Confirmations
Legal Confirmations Return
Draft Financial Statements
Audit Documents Draft Opinion Staff Review Auditor Review Final Opinion FAP/Board Meetings 9/16/2022 10/19/2022
Completed Current Behind
On track/Scheduled Task in Progress Delayed/Deferred/Unscheduled Thank You!
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