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Financial Audit Advisory Committee approves audit cover letters for town, light plant and Concord‑Carlisle schools
Summary
At its April 14 meeting the Financial Audit Advisory Committee approved revised draft cover letters accompanying the FY2024 audits for the town, the municipal light plant and the Concord‑Carlisle Regional School District, and agreed to forward them to the select board, light board and CCRSD chair for review.
At its April 14 meeting, the Financial Audit Advisory Committee approved revised draft cover letters for the town, the municipal light plant and the Concord‑Carlisle Regional School District and voted to forward the letters to the select board, the light board and the CCRSD chair for consideration.
The committee approved the minutes of its April 1 meeting and then reviewed three separate cover letters prepared to accompany fiscal audit reports. Committee members said they reorganized the town letter to place duties and responsibilities in a single section, separated FAAC follow‑up findings from recommendations, and added a short list of committee actions the FAAC will take going forward: establish a regular meeting schedule, monitor remediation of material weaknesses, broaden an internal‑controls review, and evaluate opportunities to improve reporting between the MUNIS and NISC systems.
The committee also asked staff to add a dated heading for management responses (management response as of Nov. 19) so the letter preserves the auditor’s submitted responses without altering the text. A member pressed to reorder the recommendation list so meeting cadence and oversight appeared first; the group agreed to finalize sequencing and formatting before distribution.
The three letters were moved and seconded and each passed by roll call. The chair said approving the town letter now will allow the select board to review it the following week rather than waiting until May 18. The CCRSD letter (FY2024) did not include a management‑response section; the committee agreed the CCRSD cover letter will be routed to Tracy Morano, chair of the regional school committee.
Public comment at the start of the meeting included a request from Eric Gold (who identified himself as a member of the Finance Committee, speaking on his own behalf) that the committee consider scheduling meetings during normal business hours so working members and residents can attend. The chair said staff will coordinate final edits and distribute the dated letters to the appropriate governing boards.
The committee’s next substantive items will be audit presentations planned for May (CCRSD) and June (town), subject to auditor availability and outstanding dependencies on the retirement board’s actuarial work.
