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Easton finance director reports audit complete; flags UFB review and Munis/GovWell transfers
Summary
The Finance Director reported the FY25 audit is complete with a 6/30/25 undesignated fund balance of $8,793,383 but said she will review details with auditors; staff also flagged administrative impacts from GovWell implementation and imminent line-item transfers for EMS and a generator.
Finance Director and Treasurer Chris Calvert reported April 7 that the FY25 audit is complete and presented an updated undesignated fund balance (UFB) of $8,793,383 as of June 30, 2025, but said she intends to review the calculation with auditors to confirm what is included before relying on the figure for final revenue and mill-rate calculations.
Calvert also briefed the board on administrative effects tied to implementing the GovWell system and said several line-item transfers will be necessary, specifically citing EMS and a generator as items that will require transfers. No formal transfer motions were taken at the meeting; staff said they would prepare the necessary adjustments for future BOF consideration.
The board recorded the audit update and requested coordination between the Finance Department and auditors to confirm UFB components before final budget decisions are made. The meeting adjourned at 8:35 p.m.; the Board of Selectmen and town meeting will receive recommendations on appropriations and the FY27 budget in the coming weeks.
