Become a Founder Member Now!

Town Reports $9.1M Fund Balance Ahead of Fiscal Year 2025 Expenditures

October 01, 2025 | Town of Braintree , Norfolk County, Massachusetts


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Town Reports $9.1M Fund Balance Ahead of Fiscal Year 2025 Expenditures
Braintree's Community Preservation Committee reported a significant financial update during their recent meeting, revealing a fund balance of over $8.2 million as of June 30, 2025. The committee highlighted that the total revenue for fiscal year 2025 reached approximately $1.25 million, which includes contributions from local surcharges and state trust fund matches.

The meeting detailed that expenditures for the year were just under $1 million, specifically totaling $904,632.64, with administrative costs accounting for $35,095.54. This careful financial management has resulted in a remaining fund balance of $8,235,101.63, which includes $2.68 million in encumbered or prior appropriations.

Looking ahead, the committee noted that approximately $5.5 million will be available for new appropriations starting July 1, 2025. This funding will play a crucial role in supporting community projects and initiatives, reflecting the committee's commitment to enhancing local resources and services. The discussions underscored the importance of strategic financial planning in fostering community development and ensuring the effective use of public funds.

View full meeting

This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

View full meeting

Sponsors

Proudly supported by sponsors who keep Massachusetts articles free in 2025

Scribe from Workplace AI
Scribe from Workplace AI