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Selectmen create designated fundraising account, transfer Town Aid Road funds to capital fund
Summary
The board approved auditors' recommendation to earmark fundraising by creating separate designated line items and voted to transfer Town Aid Road funds to the capital fund with a roads designation to increase transparency.
On March 24 the Deep River Board of Selectmen approved a motion to establish a designated fundraising account and to transfer Town Aid Road funds into the capital fund with a designation for roads, following a recommendation from town auditors.
First Selectperson Carol Jones explained the auditors’ suggestion that all fundraising be earmarked for specific purposes by setting up separate designated line items. The board discussed transparency and the appropriate designation of Town Aid Road funds for capital use. Duane Gates moved to establish the fund and authorize the transfer; Cynthia Torres seconded and the motion passed 3-0.
The action creates a designated accounting structure for fundraising and reclassifies Town Aid Road funds to the capital fund with a roads designation. The board did not specify exact future project allocations at the meeting and emphasized that transparency in fund usage is a priority.
