Wayland auditor delivers clean FY25 opinion with no formal management letter
WAYLAND -- January 26, 2026, Wayland's outside auditor delivers a clean FY25 opinion but flags stale permit-bond deposits. CliftonLarsonAllen principal Alina Korsak told the Audit Committee on Jan. 26 that the Annual Comprehensive Financial Report received an unmodified opinion with no significant deficiencies, calling the town's controls "really good." Implementation of GASB 101 on compensated absences increased the beginning liability by nearly $4 million, driven by a new requirement to accrue non-vested sick time. Conservation's unreconciled guaranteed-deposit balance fell to $291,000 from $323,000, while Planning's rose to $244,000 from $238,000, with missing records the chief obstacle. Finance Director Brian Keveny said Moody's now folds enterprise-fund balances into its AAA threshold of 25 percent; Wayland sits near 20 percent. Members unanimously approved Jan. 12 minutes.
Members read the rest of this story and every Middlesex County meeting we cover, in full.
Become a memberAlready a member? Sign inA 30-day free trial needs a payment method. After it, your membership renews at the price shown at checkout until you cancel, which you can do anytime from your account. Subscription terms
Share this story
Know someone in Middlesex County who follows town government? Share Townbrief Middlesex County: they can sign up free.