Torrington board approves year-end transfers, leaves about $1.45 million in fund balance

The Torrington Board of Finance on Sept. 16 approved budget amendments and transfers for the 2024-25 and 2025-26 fiscal years, including year-end transfers that reduce the projected use of an appropriation from fund balance and a separate vehicle-replacement transfer that will proceed only after city council approval.

The actions, taken at the board’s regular meeting, covered transfers described in a Manager of Budgets letter dated Sept. 9, 2025, and included $560,756 in transfers largely tied to public works, management operations and a refuse/landfill contract, plus a separately added vehicle-replacement transfer of $601,976 submitted by Public Works Director Raymond Drew. The board approved the vehicle transfer with the condition that it be contingent on later city council approval.

Why it matters: The transfers change how much of an already-appropriated $3.9 million in fund balance the city will draw to close the 2024-25 books. Board…