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Board approves $1.41M in general‑fund transfers and $1.17M in enterprise budget increases
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 some additional funding," the finance presenter said, and then walked the board through line‑items including $15,000 to the finance committee (printing warrants), $120,000 for finance department operating costs (additional OpenGov modules, trainings and ARPA testing), $130,000 to public works salaries, $130,000 to fire department operating (academy and training costs and equipment), $110,000 to street lighting, $110,000 to town clerk (elections and special town meeting costs), and $6,000 to police department miscellaneous expenses. The largest single transfer was $671,500 from medical insurance into short‑term debt service to cover higher‑than‑anticipated interest for capital borrowing.
The presenter summarized the general‑fund total at $1,407,500 and enterprise‑fund increases at $1,167,000. A board member asked if there were any questions; none were raised. Matt Fee moved approval; Tom Dixon seconded. By roll call the motion carried unanimously.
