Did You Hear … ?

Congratulations to the New Canaan High School varsity girls’ soccer team on a 2-1 victory over Amity on Monday. The girls advance to play No. 7 seed Middletown at 2 p.m. Wednesday. Best of luck! ***

Though some bridled after Audit Committee members issued a list of “action items” they said they required in order for the volunteer group to feel comfortable signing off on New Canaan’s financial statements, it appears local officials—including the first selectman, Town Council, school and finance boards and Audit Committee itself—have worked together to move forward as one.

‘I Think We Are Getting Close’: Audit Committee Details Course-Correction Plan

The independent auditors who sign off on the town’s financial statements—helping New Canaan maintain its AAA bond rating and fund major capital projects such as the Town Hall expansion and proposed building project at Saxe—need better internal controls in order to do their jobs responsibly, officials said Monday. Auditors don’t actually “do real auditing,” but rather “rely on systems of internal control” in reviewing New Canaan’s financial statements, according to Audit Committee member Ed Kangas. And those systems themselves need substantial changes and shoring up, he said during a meeting of the Audit Committee, held in the Training Room at the New Canaan Police Department. Because towns in Connecticut are set up where the municipality funds the schools, distrust between the two can develop and “I see it in spades here,” Kangas said. “I think we are getting close to the place where we have an understanding that says we have to have good financial systems, good financial controls, good checks and balances.

‘Simply Inadequate’: Audit Committee Cites Poor Town-Schools Relationship in Suspending Its Work

Saying they don’t want to be associated with New Canaan’s financial statements, members of a committee that town officials appointed last summer in order to help oversee financial reporting for the municipal government and school district said late Tuesday that they’re suspending their work. The five members of the Audit Committee, including two alternates, said in a letter sent to the first selectman and Town Council that they “have no reason to believe the systems of internal control at both the Town and the Board of Education are adequate nor have recommended improvements been implemented.”

“Communication between the finance department of the Town and the Board of Education has not been adequate. This has resulted in un-reconciled accounts dating back several months. In addition, the Town CFO’s access to the Board of Education books and records, accounting and control systems, is not at an appropriate or adequate level. Without resolution, this would likely prohibit the Town’s CFO from making required representations regarding those controls and records to the Town’s external auditors.”

The committee will cease its activities Nov.