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Select Board reviews first‑quarter finances; FEMA and Clean Water Act reimbursements noted
Summary
The board reviewed first‑quarter financials: money‑market interest exceeded budget assumptions, the highway fund received $10,000 tied to a Clean Water Act reimbursement, and FEMA flood reimbursements from prior years were received.
Town administrative staff circulated first‑quarter financial statements. The Select Board noted money‑market interest income of $1,336 for the quarter versus a $100 budgeted expectation, a $10,000 Clean Water Act reimbursement credited to the highway fund, and the arrival of FEMA flood reimbursements related to prior years' events.
The board also discussed auditor guidance that the library should operate with a separate fund accounting arrangement so its receipts and expenses do not appear in the town general fund report. Members asked staff to answer follow‑up questions and said they would coordinate with the town treasurer (Lori) on details. No spending decisions or budget amendments were adopted at the meeting.
