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Treasurer reports no rate changes and $3.2 million in recent wire transfers
Summary
Chair Tim Puglielli reviewed February balances, reported no changes to Liberty or Ascend rates, and noted wire transfers totaling $3.2 million since the last meeting; the board also reviewed ARPA funds, bond payments and educational grant investment earnings.
At the Feb. 24 Board of Finance meeting Chair Tim Puglielli reviewed the town’s February account balances and reported no changes in the Liberty or Ascend rates since the prior meeting.
The treasurer-level review covered capital rates, ARPA funds, bond payments and capital improvements. The board recorded wire transfers totaling $3.2 million since the last meeting and discussed short-term investment interest earnings tied to educational grants. Energy-related updates were noted in the operating review.
The review did not include formal rate changes or new investment directives; members moved on to subsequent agenda items after discussion.
