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Deep River finance board reviews FY2025–26 budget; notes revenue shortfalls, department variances and contingency use
Summary
At the March 24 meeting the Board of Finance reviewed FY2025–26 budget performance: service charges at 92% collected, licensing/permits 71%, state and federal funding reported 54% below budget (excluding education equalization grant); contingency spending was $8,000 of $10,000, and TriTown Youth Services will increase Deep River's share by $1,460.
The Deep River Board of Finance reviewed FY2025–26 budget performance at its March 24 meeting, identifying revenue shortfalls in state and federal funding and varied departmental spending patterns.
Revenue highlights from the meeting record include 92% of service charges collected, licensing and permits at 71% of budget, miscellaneous revenue at 70.5%, and state and federal funding reported as 54% below budget (excluding the education equalization grant). The minutes do not provide dollar amounts for the state and federal shortfall.
On expenditures, Selectmen, Finance, Planning & Zoning and Zoning Board of Appeals were reported as favorable to budget, while Town operations, the Building Official, Insurance & Bonds, Police (including overtime concerns), Library (salaries) and Parks & Recreation were over budget or slightly over. The contingency account stood at $8,000 spent of $10,000, with uses noted for a barn fire and fencing.
Rob Bibbiani presented the TriTown Youth Services budget showing a 2.4% increase across three towns, which equals a $1,460 increase for Deep River; the work focuses on the Youth Service Bureau and expansion of school-based mental health services.
Next steps: the Board of Education will present proposed budgets for Region 4 and the Town of Deep River at a tentative meeting on April 7 at 6:30 PM, with an April 9 backup; capital accounts will be reviewed monthly and LOCIP grants were urged to be used each year and documented appropriately (LOCIP acronym used in the minutes; the transcript does not provide a full expansion).
