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Wayne select board approves warrants, payroll and reserve transfers to correct FY24 bookkeeping
Summary
The select board approved three warrants and payroll, voted to correct bookkeeping by moving past invoices into FY24 road and land/building reserve accounts, and directed the town manager to amend prior minutes to record a plow‑contract overpayment.
The Town of Wayne Select Board approved several routine and corrective financial measures, including accounts‑payable warrants, payroll and transfers from reserve accounts to correct prior bookkeeping entries.
The board approved accounts payable #23 for $96,741.16, accounts payable #24 for $4,527.67, and payroll #25 for $8,774.63 after discussion of vendor payments and possible state reimbursements. A board member noted the packet included a first payment to a plow contractor ($27,000) and a payment of $41,950 to Main Tennis and Track; the board agreed to monitor state reimbursements before releasing certain checks.
The town manager outlined invoice coding issues from FY24 and proposed two corrective transfers: use FY24 road reserve funds for $93,006.71 (amount cited in the motion text) to reclassify prior invoices that had been charged to undesignated or maintenance budgets, and use FY24 land & building reserve funds of $9,741.98 to correct similar coding errors. The board moved, seconded and approved both transfers on roll call.
The board also voted to have the town manager prepare amended minutes for October 1 and October 15 to record corrected overpayment amounts related to the plow contract.
Why it matters: The transfers are bookkeeping corrections to align past invoices with appropriate reserve accounts and to maintain transparency for future budgets; amending minutes ensures the public record matches corrected accounting.
