Carlisle Audit Finds Four Material Weaknesses Despite Solid Triple-A Bond Rating

CARLISLE — June 17, 2026 — Carlisle's audit committee reviewed the town's first audit by new firm Roselli, Clark & Associates and heard that four material weaknesses were identified in the fiscal year 2025 financial statements, even as the town's general fund balance reached roughly $41 million and its triple-A bond rating held firm. Auditor Tony Roselli of Roselli, Clark & Associates told the committee that water and sewer receivables required a $400,000 adjustment after going unreconciled for the full fiscal year, ambulance receivables had not been booked to the town's ledger, a Community Preservation Account posting error created a $152,000 credit balance, and real estate receivables on a single property dating to 2001 totaled approximately $200,000 without documentation. Roselli praised the town's pension funding at 91.2 percent and OPEB funding at 74.9 percent, calling the latter "the highest I've seen out of my clients," and noted that roughly $400,000 in stale unclaimed checks and $4 million in unspent capital project balances from as far back as 2014 represent opportunities to clean the books. The committee voted unanimously to approve a summary audit letter to the school committee and set its next meeting for July 15 at 5 p.m., when it will also take up revisions to the committee's formal charge, including removing a single-auditor mandate.