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Selectmen approve $109,437 transfer to cover higher workers' compensation premiums
Summary
The Board approved a $109,437 FY2026 transfer to cover higher workers' compensation premiums driven by the state-mandated payroll audit; Finance Director Kim Allen explained the audit aligned payroll records with reported employees and increased the premium obligation.
The Board of Selectmen approved a $109,437 transfer for fiscal year 2026 to cover higher-than-expected workers' compensation insurance premiums, retiree benefits and reimbursements.
Finance Director Kim Allen explained the increase resulted from the state's required annual audit aligning what the town reported for workers' compensation with actual payroll: "the premium that was not budgeted is ... because annually they do an audit on our payroll for workers comp ... It's a requirement by state law to do that audit. So, it incurred a higher premium," Kim Allen said.
No board members raised additional questions after the explanation. The Chair called for the vote and the transfer was approved.
The transcript does not record a roll-call tally for the vote; staff said the audit-driven premium adjustment is required under state law and arises from aligning payroll reporting with the workers' compensation system.
