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Skowhegan EDC approves minutes, financials and begins budget preparations
Summary
The Skowhegan EDC approved April minutes and financials, Donna McGorty said she will move $100,000 into a short-term CD at Franklin Savings, Bryan Belliveau will use QuickBooks' chart of accounts for the 2026–27 budget, and the board adjourned at 10:53 a.m.
The Skowhegan Economic Development Corporation completed routine business items and discussed preliminary budget preparation.
Minutes and financials: A motion by Treasurer Donna McGorty, seconded by Christian Savage, approved the minutes of April 14, 2026. A separate motion approved the April 2026 financials.
Banking and budget: Donna McGorty said she has an appointment to open a Certificate of Deposit at Franklin Savings Bank and will move $100,000 from Bangor Savings Bank into a 3‑ or 6‑month CD, verifying withdrawal terms to avoid penalties. Director Bryan Belliveau said he will use the chart of accounts from QuickBooks for more accurate budgeting; Donna advised him to use current numbers.
Adjournment: Donna McGorty moved to adjourn, Bryan Belliveau seconded; the motion passed and the meeting adjourned at 10:53 a.m.
