In the heart of Braintree, under the warm glow of city hall lights, the Town Council gathered for a pivotal meeting on April 29, 2025. The evening's agenda was dominated by the presentation of the 2024 audit results, a crucial moment for the town's financial transparency and accountability.

Renee Davis, representing CBIZ CPAs, took center stage to guide the council through the intricacies of the annual comprehensive financial report. This year marked a significant transition for the firm, which had recently undergone a rebranding from Powers and Sullivan to CBIZ CPAs. Davis explained that the audit process began in the spring, with a thorough risk assessment of the town's revenues, expenditures, and liabilities. The team conducted preliminary testing over the summer, culminating in a detailed audit in January.

Davis highlighted the report's key findings, noting that the town received an unmodified, or clean, audit opinion—an encouraging sign of fiscal health. The report, which includes a management discussion and analysis, provides a comprehensive overview of the town's financial activities for the fiscal year. It details everything from budgetary performance to pension obligations, offering insights into the town's financial trends over the past decade.

One significant aspect of this year's report was the inclusion of a legal settlement amounting to $11.9 million, a subsequent event that, while not recorded on the books as of June 30, was deemed significant enough to warrant mention. This settlement reflects the town's ongoing financial obligations and underscores the importance of transparency in municipal finance.

Davis also addressed the town's debt situation, noting that while there were no new long-term debts issued in fiscal year 2024, the town did manage some short-term borrowing for various capital projects, including improvements to schools and infrastructure.

As the meeting progressed, council members were encouraged to review the draft report and reach out with any questions. The anticipation surrounding the finalization of the audit report was palpable, as it not only reflects the town's financial standing but also sets the stage for future fiscal planning and community trust.

In conclusion, the Braintree Town Council's meeting served as a reminder of the importance of diligent financial oversight and the ongoing commitment to transparency in local governance. As the council prepares to finalize the audit report, residents can look forward to a clearer understanding of their town's financial health and the implications for future projects and initiatives.