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Selectboard approves audit engagement; Treasurer raises allocation questions on land sale proceeds
Summary
The Board approved annual audit engagement letters. Treasurer Mary Collins noted entry adjustments in the construction fund, said a full bond audit is required, and asked whether proceeds from the sale of land on Old Stagecoach Road should go to the General Fund or a special fund.
On a motion by Jeff McKelvey and seconded by Shauna Prime, the Newbury Selectboard approved the town’s annual audit engagement letters at its Jan. 14 meeting. Treasurer Mary Collins discussed audit details including entry adjustments related to the construction fund and told the Board a full audit of the bond is required.
Collins said the Board must decide whether proceeds from the sale of the land on Old Stagecoach Road should be directed to the General Fund or placed into a special fund such as a building fund; she said she will consult with the Highway Foreman about whether to adjust the paving over-budget. The Board agreed yearly paving grant applications should be submitted and Prime recommended a full assessment of all paved roads to set priorities.
