Financial Audit Advisory Committee

Financial Audit Advisory Committee approves prior meeting minutes and hears presentation on completed CCRSD audit. Scott McIntire of CBIZ reported unmodified opinions on all opinion units with no material weaknesses or significant deficiencies identified in the year ended June 30, 2025. Chief

The Financial Audit Advisory Committee unanimously approved three annual audit letters on April 14, establishing a return to regular review cycles for town, municipal light plant, and regional school district audits. Select Board Representative Wendy Rovelli oversaw approval of revised FY2024 Town,

Financial Audit Advisory Committee commits to monthly oversight as audit material weaknesses demand closer review. The panel unanimously approved March minutes and reviewed the FY24 Concord-Carlisle Regional School District audit, which resulted in an unmodified opinion and no material weaknesses,

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

CMLP audit receives unmodified opinion despite cash control weakness. The Financial Audit Advisory Committee received the calendar year 2024 Concord Municipal Light Plant audit from CBIZ Managing Director Scott McIntire on February 26, identifying one material weakness: a $170,000 cash