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Whiting selectmen approve minutes, discuss audits and $353,000 estimated fund balance
Summary
At their Sept. 9 meeting, Whiting selectmen approved meeting minutes, discussed obtaining an audit (including a school audit) and heard from Kathi that the town’s estimated available fund balance is $353,000, of which roughly $200,000 is recommended as a reserve.
The Town of Whiting Selectmen met Sept. 9, 2024, and approved the meeting minutes before turning to budget and oversight matters. Kathi reported an estimated available fund balance of $353,000 and recommended keeping about two months'worth of operating reserves, approximately $200,000, leaving an estimated $153,000 available for other needs.
The discussion included a proposal to pursue an audit and to obtain an update on a separate school audit; the board did not record a formal vote on pursuing the audit during this meeting. The minutes record that selectmen deliberated the town's fiscal position while also factoring potential upcoming expenses tied to a dam project discussed later in the agenda.
The administrative assistant, Sydney Pressley, recorded and signed the minutes. Selectmen noted follow-up: they plan to seek more information on audits and financial implications before making any binding decisions.
