The town’s contracted external audit firm, Thompson Price Scott Adams, presented the fiscal year ending June 30, 2025 audit and issued an unmodified opinion — commonly described as a 'clean' report.

Alan Thompson, the auditor, explained that the firm’s responsibility is to opine on whether financial statements are materially correct. He noted there were no uncorrected misstatements, no disagreements with management, and no difficulties encountered in performing the audit. He said two matters discussed in the audit committee were the timing of a bond (now in place) and a prior-year understatement that has been corrected.

Thompson reported key figures: total general fund balance presented at about $16,024,000, general fund expenditures of about $21.8 million, a collection percentage for property taxes around 99.48%, and total valuation near $2.9 billion (as shown in the presentation slides). He said due to the federal government shutdown the Office of Management and Budget had not finalized the 2025 supplement for federal single audits; consistent with guidance, the town should not submit the audit for Local Government Commission review until OMB issues the final supplement.

The auditor invited board members and residents to call the firm with questions and said management provided a representation letter dated Oct. 31. The presentation closed with the auditor noting projects explain some revenue/expense timing differences and that overall finances "look good."