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Finance director reports revenue gains, board approves $497,313.67 in transfers; updates on sewer and waterline projects
Summary
The finance director reported above‑budget revenue in recycling and building fees and that the town received a $3.6 million USDA draw for a waterline; trustees approved $497,313.67 in line‑item transfers and heard status updates on the sewer project, waterline and potential water‑tower options tied to DECD funding.
The finance director reported several budget variances and project updates and presented proposed line‑item transfers totaling $497,313.67, which the board approved.
The director said recycling/bulky‑waste revenues are expected to exceed budget by about $185,000 and building‑official revenues will be above budget by roughly $174,000 due to a large project at 97 Preston Road. The town received $3,600,000 under a USDA loan for a waterline project; a $1,500,000 grant payment was described as forthcoming once a line is brought across Route 395 and project milestones are met. Staff also reported using $600,000 in capital nonrecurring funds and ARPA funds (approximately $1.7 million) to cover engineering for the water project.
The finance director outlined a list of transfers across departments with a net total of $497,313.67 (to cover variances including tipping fees, snow‑removal overtime and town council legal bills). A motion to approve the transfers was made and seconded; the board voted in favor and the motion carried.
On funded projects, staff said the sewer project continues with pump training and punch‑list work; a crane remains to be installed for pump servicing and the waterline has been extended toward the 395 crossing with coordination needed for the final crossing. Board members discussed the longer‑term water‑tower question tied to DECD (state) funding and site development; staff said alternatives such as elevated storage, ground storage or pump stations would be evaluated depending on development plans and DECD's funding structure.
The board had no public speakers during the public forum and adjourned after the meeting business concluded.
