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Tyngsborough finance committee approves year-end transfers, reappoints officers
Summary
The Tyngsborough Finance Committee approved year-end transfers to cover multiple departmental deficits, confirmed committee officers (chair, vice chair, clerk) and named its representative to the Capital Asset Management Committee.
The Tyngsborough Finance Committee voted Tuesday to approve year-end transfers that will move surplus funds to cover deficits in several departments, and the panel confirmed its leadership for the coming year.
At the meeting, the committee approved the minutes of April 13, 2026, and reappointed Larry Clawson as chair after a motion to continue his service carried by voice vote. Members also nominated and approved Phil Carrigan as vice chair and Carolyn Sapiri to remain clerk. Earl Mason was confirmed as the finance committee representative to the Capital Asset Management Committee.
Town Manager Colin Wieselt presented the financial picture leading to the transfers. He told the committee the fiscal year 2026 closeout is underway, that some previously reported overages were accounting errors or encumbrance timing issues, and that the town expects a positive close once all revenue postings are finalized. Wieselt said one notable adjustment involved an encumbered amount of roughly $36,000 for a fire-truck repair that had not been carried forward, which created an artificial deficit that has since been cleared.
Wieselt recommended using available surplus — primarily from the town’s health insurance budget and other underspent accounts — to cover deficits including personnel transition costs, public buildings utilities and repair, communications/911 overtime, and a $179,000 shortfall in the snow-and-ice budget. He explained that state law requires affirmative votes by both the finance committee and the select board to transfer surplus between departmental budgets.
Committee members asked for clearer, earlier communication when overspends are known and for line-item visibility to distinguish one-off costs from structural budget changes. Wieselt said the town’s new accounting firm will provide monthly expense reports to help members monitor spending in real time.
The motion to approve the year-end transfers, moved by Earl Mason, passed in a roll-call vote.
The committee adjourned after the votes and moved on to a joint adjournment with the select board.
