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Select Board agrees to pursue ambulance-fund restructure, proposes capital-reserve transfer
Summary
After extended discussion the board voted to put paired warrant articles on the ballot to (1) establish and fund an ambulance service capital reserve (proposed $150,000 transfer from the ambulance revolving fund) and (2) dissolve the revolving fund if the first article passes. Town counsel will review final language.
The Candia Select Board moved forward a two-part approach to reorganize how ambulance-service revenue is handled, voting Dec. 8 to place linked warrant articles on the ballot that would create a capital reserve for ambulance capital assets and dissolve the existing ambulance revolving fund if voters approve the capital-reserve measure.
Board members and staff reviewed the legal and accounting implications of retaining a dedicated revolving fund versus a capital reserve. Under the proposed plan the town would transfer about $150,000 from the…
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