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Lakeville CPC reviews year-end Community Preservation Fund totals, approves appendix updates
Summary
The Community Preservation Committee received a fiscal-year report from Town Finance Director Mike Ellis showing a growing fund balance and voted to authorize staff to complete updates to the town's Community Preservation Plan appendix and Step 1 form.
The Community Preservation Committee on Oct. 16 reviewed fiscal 2025 receipts and fund balances and voted to authorize staff to complete updates to the community preservation plan appendix and the committee's Step 1 application form.
Mike Ellis, Lakeville finance director and town accountant, told the committee that during fiscal 2025 the community preservation surcharge produced $244,230.18 in receipts and the town received a $42,003.42 state match. The fund earned about $13,003.61 in interest and closed the fiscal year with a combined Community Preservation Fund balance of $573,007.58, Ellis said.
Ellis presented a preliminary estimate for fiscal 2026 receipts of $277,500, composed of an estimated $20,000 state match,…
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