Carlisle Audit Committee Sets April Deadline to Track FY25 Financial Statements

Finance Committee · Meeting of March 9, 2026

Carlisle's Financial Audit Advisory Committee reviewed a delayed fiscal year 2025 audit timeline and ongoing internal control concerns at its March 9 meeting. Town staff reported that auditor Roselli Clark began on-site work January 26, well behind a standard September start, with a short-form financial summary for bond rating agencies expected by the end of March and full audited statements projected for late April or early May — a timeline that carries weight because the town plans to borrow for capital projects in May. The committee reviewed a detailed chronology showing that a material weakness and significant deficiency flagged in the FY24 audit by outgoing auditor CBiz may or may not recur in the new audit, with staff noting corrective actions were taken in December before Roselli Clark arrived.

Members also reviewed seven organizational charts documenting finance department staffing from FY23 through the present, finding that the assistant accountant position — central to journal-entry controls — was vacant for extended stretches. The committee voted unanimously to approve minutes from its February 26 session and set an April 1 meeting with CBiz auditor Scott McIntyre and regional auditor Bob Connery.

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Source: the Finance Committee meeting of March 9, 2026, reported from the official video recording and transcript.