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Finance Committee flags Winter Roads, veterans and water/sewer wage accounts as over 50% spent
Summary
The committee's accountant reported several town accounts are more than 50% expended midyear — notably Winter Roads and the Veteran's account — and said transfers from Surplus would require a Special Town Meeting if needed.
Committee members reviewed the accountant's report and identified several budget pressures in the current fiscal year. The Winter Roads account and the Veteran's account were reported as more than 50% expended. The minutes note that Veteran-related costs may arise after the budget was finalized and that the Veteran's account is eligible for reimbursement of up to 75% at the end of the fiscal year.
Heather Brown told the committee that the First Congregational Church maintains a Decon's Fund that can assist any veteran in need. Town Buildings heating costs are trending lower than typical for this point in the year, the minutes say, but the Water and Sewer wages accounts remain a concern. The report stated surplus funds exist but any transfer into operating accounts would require calling a Special Town Meeting to authorize the transfer.
Committee members did not record a formal decision to transfer funds during the Jan. 8 session; the minutes indicate the town will monitor accounts and consider a special meeting only if transfers become necessary.
