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Fairhaven approves payroll and accounts payable warrants; town awaits $1.6M waterline disbursement
Summary
Select Board approved payroll and accounts payable warrants totaling about $105,685.40; treasurer reported a negative checking-balance shortfall until an expected $1,600,000 waterline payment arrives in roughly three to four weeks.
The board approved the payroll warrant for $38,313.20 and the accounts payable warrant for $67,372.20 during the Nov. 9 meeting.
After the votes the checking-account balance was discussed. Town staff reported the town's checking account was negative and that the municipal cash flow is contingent on an expected $1,600,000 reimbursement or disbursement for the waterline program. "I'm still waiting on Yeah. It's still waiting on, 1,600,000," the town manager (S1) said, estimating the funds would arrive in about three to four weeks. The board approved the warrants by voice vote and moved on to scheduled executive-session business.
Board members asked staff to continue monitoring cash flow and to report back if the expected funds change timing or amount.
