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Selectboard reviews FY24 highway fund, flags a $22,000 item for repayment
Summary
Board members reviewed the FY24 highway account, noting a roughly $1,100 increase from reclassified credits, total expenses around $72,000, and an outstanding repayment item of about $22,000 referenced in the reconciliation.
The Selectboard reviewed a year‑end package for the highway fund covering fiscal year 2024. A board member reported the highway account increased by about $1,100 after some stone‑related credits were reclassified into the correct projects.
During the review members noted expenses were reported at roughly $72,000 and discussed fund balance implications and recent purchases. A board member said the town still had an outstanding repayment item of about $22,000 that would need to be accounted for in upcoming reconciliations. The board agreed staff should include that repayment in the next reporting so the checking account balance reflects pending obligations.
Board members discussed prioritizing vehicle repairs and equipment needs within the available funds; specific projects named included a rear‑end repair for the dump truck estimated in discussion at about $7,000.
