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Board and budget committee clarify ARPA accounting and reconcile budget figures
Summary
Budget committee and town staff explained two accepted methods to account for ARPA (federal) funds and presented reconciliations that resolved apparent overexpenditure concerns; the board agreed to continue reconciliations and start monthly budget vs. expended reporting.
Select Board and the budget committee spent a substantial portion of the meeting clarifying how American Rescue Plan Act (ARPA) and other one-time federal funds are handled in Brentwood’s accounting and resolving a publicized figure that suggested warrant article overexpenditure.
The budget committee chair outlined two acceptable approaches: either appropriate the full ARPA-funded amount in the operating budget and record revenue when it is…
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