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Proctor selectboard moves $160,112 to asset fund, signs $63,197 in orders
Summary
The Town of Proctor Selectboard unanimously approved transferring $160,112.41 from the general fund into a new asset account intended for municipal workforce retention and signed selectboard orders totaling $63,197.40. The town manager said legal counsel advised the asset fund can be spent for any purpose once established.
The Town of Proctor Selectboard voted unanimously Dec. 9 to transfer $160,112.41 from the general fund into an Asset Fund the board identified for municipal workforce retention. Bruce Baccei made the motion; Jay Thorton seconded it, and the motion passed without opposition.
Town Manager Judy Frazier told the board, citing advice from the town lawyer, that once money is moved into the Asset Fund it may be expended for any expenditure, despite the resolution noting the funds are being obligated for workforce retention.
At the same meeting the Selectboard reviewed and signed selectboard orders totaling $63,197.40. The actions were recorded as approved unanimously.
The board then adjourned the Selectboard meeting at 6:22 p.m. to convene the Board of Water Commissioners.
