Finance Committee approves prior minutes, discusses audit findings and FY27 budget.
Concord Finance Committee approves prior minutes and reviews material audit weaknesses. CFO Jennifer Barrett and Assistant CFO Ryan Ferrara presented the FY24 audit findings identifying four internal control deficiencies including late reconciliations, fiscal-year posting errors, budget upload
Finance Committee · Meeting of January 29, 2026
Concord Finance Committee approves prior minutes and reviews material audit weaknesses. CFO Jennifer Barrett and Assistant CFO Ryan Ferrara presented the FY24 audit findings identifying four internal control deficiencies including late reconciliations, fiscal-year posting errors, budget upload mismatches, and inadequate segregation of journal entry duties; Town Manager Lafleur's statement acknowledged the issues as serious and attributed them to staffing turnover and a major financial system conversion, with no fraud or misconduct detected. The proposed FY27 budget totals approximately $148.2 million across town and schools operations, with revenues projected at $149.1 million, creating roughly $1 million in favorable levy capacity and maintaining the committee's 2.5 percent growth guideline for the town operating budget at $34,520,861.
In the full story:
- The complete report — 354 words
Source: the Finance Committee meeting of January 29, 2026, compiled from the official minutes.
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