Keene Type B board hears June financial report showing $383,886 in revenue, asks for quarterly statements during cleanup

The Keene Type B Board reviewed the board’s financial report for the month ending June 30 and heard that year-to-date revenue stood at $383,885.67 and the board’s expenses were about $63,431 under budget.

The board’s finance presenter, Mira, told the board, “Our revenue is, as of, 06/30/2025, is $383,885.67.” Mira said the town was about $60,000 short of the adopted budget through June but that, if receipts in July through September match expectations, the year would end “good as gold.” She said the city had nearly $610,000 in its money market account as of June 30 and noted the board would begin seeing a higher interest return after a new one-year rate was secured.

The financial report mattered to board members because the board is planning capital improvements and wants clearer monthly or quarterly data in advance of that work. “There is a lot of cleanup that I still have to do,” Mira said, describing a migration from the prior accounting system (which she identified as Encode) to FundView and the resulting reporting gaps. She said some bank accounts had not been reconciled since February 2019 and that producing the current reports required manual work rather than “a push of a button.”

At the meeting the board discussed temporarily reducing the frequency of formal financial presentations. Mira asked to present on a quarterly basis for about six months while the finance division finishes system cleanup and reconciliations; Board members agreed to accommodate the request for relief in the short term. The board’s clerk, Holly, checked the bylaws and confirmed there is no requirement governing how often the board receives finance reports.

Board members and staff emphasized the practical effect of clearer reporting for departmental management. Mira said the city recently started delivering monthly reporting to department directors and described the prior state as the directors “flying blind.” The board also discussed how a more usable, working budget (as opposed to a historically “safe” budget) would let directors plan and assign work earlier in the year.

Board members raised connections between available reserves and planned capital projects. Staff noted a $200,000 planning allocation for sidewalks and discussed that CIP decisions would be sensitive to the final budget and to how much the board chooses to draw from reserves for construction.

No formal vote or ordinance was passed on the financial report during the meeting. The board agreed to the requested temporary change in reporting cadence and directed staff to continue cleanup work and to return with updated schedules and reconciled statements.