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BET accepts federal single audit; auditors flagged material weaknesses
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Summary
The board accepted the towns federal single audit for fiscal year ending 06/30/2025. The audit identified six findings, including material weaknesses in suspension/debarment controls and property inventory; the comptroller presented a corrective action plan the committee endorsed.
The Board of Estimate and Taxation voted to accept the towns federal single audit for the year ended June 30, 2025, after an audit committee review that included both the auditors findings and managements corrective action plan.
Audit committee member Mister Deschamps summarized the report, saying auditors (RSMR) identified several findings across federal and state awards and described material weaknesses including suspension and debarment controls and equipment and real property inventory reporting. "There were some significant deficiencies that were found in some material weaknesses," he told the board, and he commended the comptroller for preparing a concise corrective action plan.
Comptroller Joan Lynch said prior-year audit timing contributed to some repeat findings but that the issues have been addressed and management expects them to be corrected in upcoming audits. "They have all been addressed, and we are hopeful that they will all be gone by next year," Lynch said.
After committee discussion, Mister Deschamps moved to accept the federal single audit and the board voted in favor by voice vote. The audit committee emphasized that the corrective action plan identifies findings, managements responses and anticipated completion dates; committee members expressed confidence in the plan and managements attention to remediating deficiencies.
The acceptance places the audit report and corrective action plan in the towns official record; committee members indicated they will monitor progress on remediation as part of normal audit oversight.
