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Marlborough selectmen approve $230,614 in FY2026 year-end transfers
Summary
The Board authorized $230,614 in FY2026 year-end transfers on July 21, 2026, after a finance review that estimated an approximate $40,000 surplus and recommended ongoing Finance Director oversight to prevent errors.
The Town of Marlborough Board of Selectmen voted July 21 to authorize FY2026 year-end transfers totaling $230,614. The motion, made by Chair Susan McFarland and seconded by Joseph Asklar, passed unanimously.
Tony Genovese reviewed a memo summarizing town finances through June 2026 and estimated an approximate surplus of $40,000, noting that incoming bills could adjust that figure. Town Manager David Porter and Genovese said regular review by a Finance Director would help avoid the accounting errors seen previously. The board recorded that the audit is expected to be completed by the end of August 2026, which could affect final surplus calculations.
