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Uxbridge finance panel backs plan to return unspent water and sewer capital to enterprise funds
Summary
Finance committee members were briefed on returning unspent sewer and water capital project funds to enterprise retained earnings, and staff said using ARPA and grant funds for recent upgrades avoided raising rates; the committee agreed to pursue an amended motion at Town Meeting so enterprise funds can be returned.
The Town of Uxbridge Finance Committee on Sept. 17 heard from finance staff about planned amendments to Article 2 of the fall annual Town Meeting warrant that would allow unspent capital appropriations for the water and sewer enterprise funds to be returned to those funds’ retained earnings.
Town finance staff said an accounting discrepancy in the drafted warrant left enterprise funds out of the return-to-capital-stabilization language. Staff proposed working with town counsel to amend the motion on the Town Meeting floor so that unspent water and sewer project balances are returned to their respective enterprise retained earnings rather than to general capital…
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