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Danvers Municipal Light Board hears clean CY2024 audit, approves Q4 financials and keeps PP&FA rates
Summary
At its March 24 meeting the Town of Danvers Municipal Light Board received a favorable CY2024 audit from CBIZ, accepted the CY2025 Q4 financial packet showing the division is profitable, and voted unanimously to maintain April 2026 PP&FA charges at $0.066/kWh for residential and $0.076/kWh for others.
The Town of Danvers Municipal Light Board on March 24 received a favorable audit of its 2024 accounts and voted unanimously on routine financial measures, including maintaining April 2026 PP&FA charges.
Scott McIntire of CBIZ presented the CY2024 audit and told the board the audit "went well," thanking staff for providing the information needed to complete the review. The presentation concluded with no qualifications noted in the minutes.
Angelica Medina reviewed the CY2025 fourth-quarter financial packet and reported that expenses were in line with expectations and that the electric division is "profitable, solvent and liquid." Following her presentation, Steve Horn moved to accept the financial packet; Mike Landers seconded. A roll call was held and the motion passed unanimously.
On the PP&FA (pole, plant and facility assessment) for April 2026, Utility Director Clint Allen recommended maintaining the residential charge at $0.066 per kilowatt-hour and the charge for other customer classes at $0.076 per kilowatt-hour. Mike Landers moved to accept the PP&FA recommendation; Steve Horn seconded. The board approved the recommendation by unanimous roll call.
Votes recorded in the meeting minutes show board members Mike Landers and Steve Horn voting in favor; member Bill Hayes was listed as absent. The minutes record the motions and unanimous outcomes but do not list any amendments or dissenting views.
Action items noted for follow up include Angelica Medina preparing a summary aging report and producing a quarterly balance sheet for the next meeting. The board set its next meeting for May 19, 2026 at 8:30 A.M.
(Reporting is based on the board minutes from the March 24, 2026 meeting.)
