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Board, town attorney and auditor debate procedure for moving school surplus into AES capital fund
Summary
The Board of Finance discussed whether the board followed proper procedure when a school‑year surplus was transferred into the AES capital reserve fund, following concerns raised at a Board of Selectmen meeting.
The Board of Finance discussed concerns June 25 about a transfer of fiscal‑year 2024 school surplus into an AES capital reserve fund after public and selectmen comments questioned whether the transfer followed proper procedure.
Joanne, the Board of Finance chair, said members had asked for the item to remain on the agenda so the finance board could “weigh in” after the matter had been raised at a Board of Selectmen meeting. Michael Van Deventer, the town auditor, said he reviewed the town charter and state statutes and that none of the statutory…
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