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Comptroller reports $227M invested cash, retirement portfolio near $749M; speed-camera citations fall
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Summary
Comptroller Miss Lynch reported invested cash of about $227 million (as of Feb. 28), a retirement-portfolio valuation near $749 million and early receipts from BlueLine Solutions; she also noted an over-50% drop in daily valid speed-camera citations from January to February.
Comptroller Miss Lynch presented the BET with financial and audit updates for the period Feb. 23–Mar. 23, 2026. She reported the general fund invested cash on Feb. 28 was about $227,000,000 and said the retirement portfolio valuation was approximately $748,700,000 (monthly return 1.25%, one-year return ~12.15%). The OPEB trust portfolio was valued at about $65,000,000.
Miss Lynch updated the board on the town's speed-camera program and collections, saying the town received its first payment from BlueLine Solutions on March 16 — $1,109 — and that daily valid citations dropped from 571 per day in January to 277 per day in February, a decline she described as a positive shift in driver behavior that will improve the program's cash position as payments arrive.
She also reviewed internal-audit activity (DPW sewer/septic audit accepted by the audit committee and presented by CLA), ARPA monitoring and preliminary work on a potential JPMorgan strategic-payables solution to streamline accounts-payable workflows. Committee members asked for clarification on BlueLine contract charges and citation fee splits; Miss Lynch said the vendor charge is $20 per citation and that, after weighting first and second-offense fees, the town receives about $35–$36 per citation on average.
Committee members had follow-up questions about contract terms, audit findings and portfolio assumptions. Miss Lynch said more detail would be available in the written report and supplemental materials.
