Advisory Committee considers requiring advance approval for large year-end transfers
Chair Stephen Bonder proposed a policy that departments projected to exceed budgets by a threshold (discussion example: $25,000) would seek advance approval from the Select Board and Advisory Committee instead of relying on post hoc year-end transfers; members asked for further discussion with the Select Board.
The full story
Chair Stephen Bonder proposed establishing a formal process requiring departments that project budget overages above a specified threshold—members discussed $25,000 as an example—to seek advance approval from the Select Board and the Advisory Committee before engaging in deficit spending. The suggestion is intended to shift accountability earlier in the fiscal year and reduce reliance on year-end transfers that seek forgiveness rather than approval.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.