Finance Committee recommends budget amid audit concerns
Boxborough Finance Committee unanimously recommends FY27 budget despite discovering significant accounting problems in the fiscal 2025 audit. Chair Antony Newton questioned a $144,000 police detail deficit, $200,000 in reconciliation variances, and $1 million in lost investment income over three
Finance Committee · Meeting of March 31, 2026
Boxborough Finance Committee unanimously recommends FY27 budget despite discovering significant accounting problems in the fiscal 2025 audit. Chair Antony Newton questioned a $144,000 police detail deficit, $200,000 in reconciliation variances, and $1 million in lost investment income over three years during a March 31 joint meeting with the Select Board. The committee identified recurring issues including OPEB accounting errors, payroll withholding imbalances, and network security gaps.
Town management committed to policy updates and forensic accounting review, with reserve fund transfers totaling $35,987.62 processed for fire station stairs, staff, and audit services.
In the full story:
- The complete report — 231 words
Source: the Finance Committee meeting of March 31, 2026, compiled from the official minutes.
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