Jun 11, 2026BoardMeeting
BoardFinance and Audit Committee of the Massachusetts Technology Park Corporation Meeting Minutes
The committee engaged in a pre-audit discussion regarding the Fiscal Year 2026 audit plan, covering audit scope, non-audit services, identified risks such as revenue recognition, and the implementation of new GASB standards. Additionally, the committee reviewed the proposed Fiscal Year 2027 budget, discussing factors such as rising operational costs, declining revenue streams, state appropriation levels, and the anticipated wind-down of federal funding. The committee endorsed the budget for recommendation to the Executive Committee.