IN ATTENDANCE

Town Manager Mr. Robert F. Karge, Assistant Town of Easton Finance Officer Ms. Carol Callahan, Mr. Matthew E. Birkelien, CPA, Senior Manager, Clifton Gunderson LLP and Town Clerk Mrs. Kathy Ruf.

CONVENING

The Mayor and Council met in a Special Audit Outbrief Session at 6:00 p.m. in Council Chambers. Council President John Ford called the meeting to order.

AUDIT PRESENTATION

Mr. Matthew Birkelien of Clifton Gunderson LLP presented the audited financial statements and reviewed financial highlights FY June 30, 2007. He stated that they had performed a single audit and submitted a clean audit opinion. Mr. Birkelien stated that they did not identify any problems in the accounting records.

Ms. Callahan distributed a letter dated October 25, 2007 regarding information related to the audit and internal control conditions that have been noted.

Mr. Birkelien emphasized that the Mayor, Council and management had done a good job of controlling costs. He stated that the bond agency Moody’s has increased the bond rating due to the positive fund balance.

Ms. Jackson-Amis arrived at 6:16 p.m.

Mr. Birkelien stated that it is important to be prudent and to continue with budget constraints.

Mr. Wendowski asked about current leases.

Mr. Karge stated that the District Court is in effect and the Avalon is operating month to month.

Ms. Jackson-Amis asked where the Family Support Center is in the audit.

Mr. Karge stated that it is shown as an asset in the CDBG fund.

Discussion occurred regarding Project Idlewild. Mayor Willey stated that donations are still being sent.

ADJOURNMENT

There being no further business, the President of the Council adjourned the audit presentation meeting at 6:22 p.m.

______________________________________

Kathy M. Ruf, Town Clerk

PRESENT

Mayor Robert C. Willey

Mr. John F. Ford

IN ATTENDANCE

CONVENING