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Schofield hearing on amended FY2025 budget closes after audit and investment discussion
Summary
Town officials reviewed an amended FY2025 budget to align estimates with actual 2024 figures, noted a state-mandated audit that cost $14,000 and found no problems, recorded a $29.50 parks rental receipt, and directed staff to explore short-term investment options before formally closing the hearing by vote.
The Schofield town hearing on June 9, 2025, concluded after officials reviewed an amended fiscal year 2025 budget, discussed a recent state-mandated audit and considered options for investing surplus funds.
A staff member explained that the amendment adjusts last year’s estimates to match actual 2024 receipts and expenditures, saying, "first column would have been what actually came into the town in 2024 and what we estimated that we would spend...and that's why it's an amendment because we have to change that estimate to what actually happened." The…
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