Elburn—The Village Board will place the approval of a new auditor on the consent agenda at next Monday’s Village Board meeting.
Officials received six proposals and selected Lauterbach and Amen, LLP as village auditor for 2011 and 2012 with the option of two additional years. The reason for the change is that the village wants to change from a modified cash basis to the accrual method or Generally Accepted Accounting Principles (GAAP) that is in place in most municipal governments.
“It’s time that the village go to the accrual method,” Village President Dave Anderson said. “Most all governments are on that method. We’re one of the last ones still on cash basis.”
The firm has extensive experience with municipalities, including Sugar Grove.