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Bow Selectmen adopt 8%–14% unassigned fund-balance policy
Summary
The Bow Board of Selectmen voted to adopt a formal fund-balance policy establishing an unassigned fund-balance range of 8%–14% to guide tax-rate stabilization, overlay decisions and capital planning.
The Bow Board of Selectmen voted to adopt a formal fund-balance policy setting an unassigned fund-balance target range of 8% to 14% of the town’s commitments, the board decided at its Sept. 23 meeting.
Finance Director Cheryl presented the town’s end-of-year figures and led a discussion about an appropriate reserve. Cheryl told the board that operating revenues finished at about 93% of budget and expenditures were roughly 95.7% of…
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