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Finance director reports positive FY2026 variance and 12.8% unrestricted fund balance
Summary
Director of Finance Jeffery Jylkka reported FY2026 YTD revenue positive by $604,000 and expenditures with a forecasted positive variance of about $200,000, projecting year-end net income of $600,000–$800,000 and an unrestricted fund balance of 12.8%.
Jeffery Jylkka, Director of Finance, presented FY2026 year-to-date numbers showing revenue ahead by $604,000 and expenditures forecasting a positive variance of approximately $200,000. He said these figures indicate the FY2026 town budget will close with forecasted net income somewhere between $600,000 and $800,000, bringing the unrestricted fund balance to about 12.8% before any planned use of fund balance.
Board members discussed using additional net income (roughly $140,000 was mentioned in the capital discussion) to help offset the 2026 contribution to Capital. The minutes note the figures and that some bills remain to be paid; the reported numbers are presented as the Finance director's forecast in the meeting minutes.
