Board appoints Mahoney Sabol auditors, discusses OPEB trust
Madison Finance board unanimously appointed Mahoney Sabol as auditors for fiscal year 2025-2026, with Finance Director Stacy Nobitz noting the selection reflects the town's standard practice of bidding the position every five years as Mahoney Sabol replaces Blum Shapiro.
Board of Finance · Meeting of March 18, 2026
CT MADISON — Madison Finance board unanimously appointed Mahoney Sabol as auditors for fiscal year 2025-2026, with Finance Director Stacy Nobitz noting the selection reflects the town's standard practice of bidding the position every five years as Mahoney Sabol replaces Blum Shapiro. The Board also voted unanimously to return $282,457.47 from Capital Improvement Project residual balances to the Capital and Non-Recurring Expenditure Fund. During a Milliman presentation, the Board discussed establishing an Other Post-Employment Benefits Trust Fund, with Board member John Rasimas recommending a $1 million to $1.5 million infusion from fund balance to address what he called a substantial liability that will grow if left unaddressed.
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Source: the Board of Finance meeting of March 18, 2026, compiled from the official minutes.
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