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Advisory committee flags year-end transfers, seeks policy clarification
Summary
Templeton Advisory Committee members asked for explanations of end-of-year budget transfers after finding line-item changes in the FY2025 reports and identified a mismatch between the town's finance bylaw and its finance policy.
Advisory Committee members at an Aug. 7 meeting asked town staff to explain a series of end-of-year transfers and recommended clarifying the town's rules for moving funds between accounts. The discussion centered on differences the committee found between the town's finance bylaw and the finance policy, and on a number of line-item changes in the FY2025 budget documents. Advisory Committee member Liz said the committee's review of the year-end report showed multiple accounts whose allocated amounts changed and that the committee needs department-level justifications for transfers. Why it matters: The committee said residents need…
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