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Selectboard to revisit fund-balance policy and reserve funds during budget work sessions
Summary
The Town Manager asked the Selectboard to schedule a special meeting to consider a Fund Balance Policy; Fletcher Proctor requested the Town Reserve Fund be added to the next agenda and members discussed covering social appropriations and other reserve topics in upcoming budget sessions.
The Town Manager recommended the Selectboard discuss a Fund Balance Policy at an upcoming special meeting, noting that some towns use Town Meeting articles to appropriate reserve funds. Fletcher Proctor had earlier requested that the Town Reserve Fund be placed on the next agenda; board members suggested discussing reserve funds during budget work sessions to account for complexity and timing.
The Town Manager also flagged that three organizations had approached the town seeking social appropriations or increased funding and suggested revisiting the social-appropriations policy in coming meetings. The board scheduled a special budget meeting for Oct. 22 and additional budget discussions in November.
