Selectboard debates creating community-center reserve fund for returned school money

Jan 16, 2025

Board members discussed whether $23,001.93 returned from the school should be placed into a new community-center reserve fund (for building repairs and upkeep) or remain general miscellaneous revenue; members agreed voters must approve creation of a formal fund and discussed proposed wording.

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Sherry reported that roughly $23,001.93 came back to town accounts after the school transaction and proposed either treating it as general revenue or creating a separate line-item for the Addison Community Center. She said she earmarked the amount and asked whether the board wanted it tracked separately.

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