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Southampton to recommend $200,000 installment in three-year repayment to Hampshire Regional
Summary
The Select Board recommended Article 1, authorizing a $200,000 payment as the second installment of a three-year plan to settle roughly $450,000 in unbilled Hampshire Regional School District central-office charges; funds will come from operational stabilization this year and are expected to be replenished when reimbursements and borrowing clear next year.
The Southampton Select Board voted to recommend Article 1, endorsing a $200,000 payment to Hampshire Regional School District as the second installment of a three-year repayment plan for previously unbilled central-office costs.
Finance staff told the board that about $450,000 remained outstanding after regional billing lapses years earlier. Because the town’s certified free cash is currently negative—driven in part by delayed borrowing and outstanding grant reimbursements—the payment will be taken from operational stabilization and is expected to be replenished from next year’s free cash once reimbursements and the pending borrowing are processed.
The board discussed the mechanics and certification of free cash and noted that last year’s first installment also came from the same repayment plan. A board member asked about the certified negative free cash amount and the effect of delayed borrowing; staff said the borrowing and grant reimbursements should level the balance by the next certification.
The board moved and seconded a recommendation for Article 1; the motion passed by voice vote (the transcript records a voice affirmation but not a roll-call tally). The recommendation will be posted with the warrant ahead of the June 20 special town meeting.
