Concord gets clean FY25 audit opinion; receivables control gaps identified
Concord received a clean FY25 audit opinion despite a material weakness in receivables controls. Auditor Tony Roselli of Roselli, Clark & Associates identified receivables gaps totaling approximately $750,000 across water and sewer, real estate, and ambulance categories; Chief Financial Officer
Financial Audit Advisory Committee · Meeting of June 17, 2026
Concord received a clean FY25 audit opinion despite a material weakness in receivables controls. Auditor Tony Roselli of Roselli, Clark & Associates identified receivables gaps totaling approximately $750,000 across water and sewer, real estate, and ambulance categories; Chief Financial Officer Jennifer Barrett confirmed the issues have been identified and formal processes implemented. The Town maintains AAA ratings from both S&P and Moody's, with reserves of approximately $41 million representing 28 to 29 percent of expenditures, well above state averages.
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Source: the Financial Audit Advisory Committee meeting of June 17, 2026, compiled from the official minutes.
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