DERRY — The town received good financial marks following an audit of its books.

In a report given to the Town Council on March 1, auditors said the town's financial health was positive.

Scott McIntire of the Nashua-based certified public accountants Melanson, Heath & Company PC presented the audit information to councilors. The report came following a study of fiscal year 2010.

The audit team came to town last spring to begin the work and returned after Labor Day. This was the first time the company had worked in Derry, McIntire said, the first of a three-year auditing commitment.

He said some recommendations have been made for future financial reporting, but no major deficiencies existed.

"Books and records are in good working order," he said.

As the Town Council heard the favorable audit news, Derry's Chief Financial Officer Frank Childs said the budget continues to be a point of concern, with revenue reductions already expected as this spring's budget season gets underway.

Overall, though, he said Derry is doing well to stay financially fiscal and healthy.

Childs said he is keeping up to date on what's happening as budgets tighten at the state level, too.

"But we need to bring the budget in on track," Childs said. "It's our obligation."

Derry's proposed budget, with all town department requests, is scheduled to be delivered to the Town Council by March 31, after a review by Town Administrator John Anderson.

A tentative schedule of workshops is set to begin April 7 and continue April 12, 14, and 19. A budget workshop and CIP hearing is set for April 21.

Final budget review is May 5; the Town Council then votes and adopts the budget and CIP numbers by May 17.

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