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Select Board Edits Town Report, Says Audit of 2024 Will Be Finalized by May
Summary
Board approved a revised town report letter for the warrant, clarified the role of an independent CPA who reconciled ledger entries and noted the Sanderson audit for year ending 12/31/2024 is expected to be complete by May 2026; residents asked whether the audit will be available before town meeting.
The Select Board reviewed and approved a town report letter prepared by Julie (town staff) for the upcoming town meeting, making editorial changes to avoid implying an investigation into 2024 financial activity. The board clarified that it retained an independent CPA to reconcile ledger postings and reconcile the general fund through the beginning of 2025; the CPA’s role was described as posting and reconciliation, not an investigative audit for malfeasance.
Town staff and the CPA reported that the auditing firm Sanderson is substantially completing the audit of financial statements for the year ending Dec. 31, 2024 and estimates a completed audit report will be available by May 2026. Resident Peter Foster asked whether the audit report will be available before town meeting; staff replied it likely will not and that the town report letter will state the audit is in process and that reconciliations to date have been performed.
The Select Board removed language that could be read as suggesting wrongdoing and instead directed a phrasing that the Select Board retained an independent CPA who reconciled the general fund through the beginning of 2025; the board approved the edited letter by motion.
