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Select Board approves multiple year‑end transfers to close FY26 shortfalls
Summary
Townsend's Select Board approved a set of year‑end transfers—including funds for town administrator transition costs, legal services, special election expenses and a facilities painting project—to close out FY26, following finance committee recommendations.
At its June 30 meeting the Townsend Select Board approved multiple year‑end transfers to address budget shortfalls in FY26 and to cover unanticipated expenses.
Among the transfers approved: $13,610 from the Medicare town share bucket to cover town administrator salary and transition costs; $1,825 to correct an assessor wage payment for principal assessor Vicky Tidman; $25,100 moved from an unexpended health insurance line to Town Council professional legal services; a FinCom reserve transfer of roughly $32,745 to the Town Council legal services account; and smaller transfers to cover special election staffing and related town clerk wages (examples included $1,600 and $1,823). The board also approved a $6,659.70 transfer from highway operations to facilities professional services to complete a Memorial Hall painting project.
Board members said many of the transfers responded to an unusually active year that included contract negotiations, personnel turnover and litigation that increased legal spending. Finance committee members reviewed and recommended several of the transfers before select board action.
Each transfer was moved, seconded and approved by roll call during the meeting. The interim town administrator said staff will incorporate the final 15 days of invoice activity before publishing summaries related to legal spending.
The board also authorized signing payroll and bills‑payable warrants out of session to complete year‑end financial processing.
