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The FY25 financial audit received unmodified opinions and identified no significant deficiencies or material weaknesses in internal controls. Wayland reported $17 million in unassigned General Fund balance, revenues $1.7 million above budget, and declining outstanding debt; single and school audits were still in progress.
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The audit found that the town’s financial statements and key controls were sound, with some opportunities for improvement. Cash reconciliation problems were resolved, but guaranteed-deposit records remain difficult to verify in the Conservation and Planning areas because of missing older documentation. The committee plans to consider recommendations on internal reviews, fund-balance targets, and investment practices in its annual report.
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