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Needham finance committee approves $439,100 in year‑end reserve transfers
Summary
The Native Finance Committee on June 25 approved four reserve fund transfers totaling $439,100 to cover a snow-and-ice deficit, legal invoices, election costs and assessing expenses; the panel voted by voice for each item.
Needham’s Native Finance Committee on June 25 approved four year‑end reserve fund transfers totaling $439,100 to cover a deficit in the snow-and-ice budget and three smaller shortfalls in legal services, election operations and the assessing division.
The transfers were requested after the end of fiscal year closeout work showed higher-than-budgeted costs in several accounts. The largest transfer, $415,484, was requested to cover the snow-and-ice deficit; the committee also approved $5,000 for legal services, $11,548 for the office of the town clerk to cover election-related…
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