Financial Audit Panel Reviews FY24 Audit Delays, Staff Turnover, and Cash Reconciliation Issues
Financial Audit Advisory Committee reviews delays in FY24 Town and CY24 CMLP audits. Chair Wendy Rovelli noted that CBIZ's audit work, which began in spring 2025 following an ERP transition, did not conclude until late fall 2025, and the Committee's normal advisory role was reversed when the Select
Financial Audit Advisory Committee · Meeting of March 9, 2026
CONCORD — Financial Audit Advisory Committee reviews delays in FY24 Town and CY24 CMLP audits. Chair Wendy Rovelli noted that CBIZ's audit work, which began in spring 2025 following an ERP transition, did not conclude until late fall 2025, and the Committee's normal advisory role was reversed when the Select Board reviewed the management letter before the Committee completed its review. Organizational charts documented significant finance staff turnover, including an extended Assistant Town Accountant vacancy that weakened internal controls.
The CMLP cash reconciliation through November 2024 is substantially complete; CliftonLarsonAllen was engaged to address complexity arising from dual-system entries that do not communicate directly.
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Source: the Financial Audit Advisory Committee meeting of March 9, 2026, compiled from the official minutes.
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