Could there be a problem with obtaining a bond for the elementary school project? Say it ain't so!
So you want to borrow more money when the town is broke? without a bond rating? With no audits completed for FY13, FY 14, FY 15, FY 16 and FY 17?
On the bright side, the contract has been signed to have the audits completed:
Downside? You have to be able to pay for this service!
$28,000 per audit. 5 audits @ $28,000 = $140,000