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Board approves $1.41M in general‑fund transfers and $1.17M in enterprise budget increases
Nantucket Select Board · July 8, 2025
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Summary
Finance staff presented a list of intra‑budget transfers to cover unanticipated costs and short‑term interest. The board approved $1,407,500 in general‑fund transfers and $1,167,000 in enterprise fund adjustments by unanimous roll call.
Finance staff presented proposed transfers authorized under state law to cover additional costs in multiple departmental budgets and short‑term interest on recently started capital projects.
"Mass General Law, chapter 44, section 30B(3)(b) allows us to make transfers through July 15 from accounts that have needed…
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