Auditors give Concord Municipal Light Plant clean opinion but flag material weakness in cash reconciliations Auditors reported an unmodified (clean) opinion on Concord Municipal Light Plant's 2024 financial statements but identified a material weakness: cash reconciliations between the light plant's ledger and the town's general ledger were not performed timely, producing an initial variance of about $170,000. Management said it has hired a contractor (referred to as CLA in the meeting) to reconcile accounts and expects routine monthly reconciliations going forward.

Despite a clean audit opinion for the Concord Municipal Light Plant, a staggering $170,000 cash reconciliation variance raises serious concerns about financial controls.

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