Alec Lebovitz (TMM-8) and Mike Toffel (TMM-8)

Amend Article 4.1 of the Town’s General By-Laws to require the Town to change auditors at least every five years and seek competitive bids for auditor at least every 10 years.

To see if the Town will amend Article 4.1 “Accounts and Audits” of the Town’s General By-laws as follows (language to be added appearing in underline):

ARTICLE 4.1

ACCOUNTS AND AUDITS

SECTION 4.1.1 ACCOUNTING SYSTEM

All accounts of the Town shall be kept in accordance with a uniform accounting system approved by the Massachusetts Department of Revenue.

SECTION 4.1.2 AUDIT The accounts of the Town shall be audited by an independent auditor retained by the Town at such times and in such manner as determined by the Select Board, with the advice of the audit committee, subject to the following restrictions: (a) no individual can serve as lead audit partner for the Town’s audit for more than five consecutive years; (b) the Town’s contract with an independent auditor cannot specify a term longer than five years; and (c) the Town must seek competitive bids at least every ten years.

SECTION 4.1.3 AUDIT REPORTS

All reports by the independent auditor shall be available for inspection by the public during regular business hours at the Town’s offices. The audit report shall also be made available at the Main Library.

or act on anything relative thereto.