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Norwood finance director reports positive year‑end; board approves four budget transfers
Summary
Town finance director Jeff O'Neil reported stronger‑than‑budget revenue and lower expenses overall, but recommended four year‑end transfers to address higher billing‑collection costs, election expenses, snow and ice overtime and increased waste disposal costs; the Select Board approved the transfers unanimously.
Jeff O'Neil, Norwood’s director of finance and town accountant, briefed the Select Board on year‑end budget adjustments at the July 8 meeting and asked the board to approve four intra‑departmental transfers tied to fiscal‑year closing.
O'Neil said overall revenue outperformed the original budget while expenses came in below budget, producing a favorable year‑end position. He described four specific transfers:
- Treasurer/billing collection expenses: an increase of $65,000 to cover higher billing collection‑agent costs; O'Neil said higher collection costs corresponded with…
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