Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Operations topic
No spam. Unsubscribe anytime.
Finance manager reports asset tagging, grants progress and rising operating costs
Summary
Finance Manager N. Nau said asset management tagging is underway, a new CDBG grant consultant has been hired to address backlogged applicants, the EV commuter lot is complete with DEEP funds received, and officials noted higher salt and fuel prices affecting FY2027 planning.
Finance Manager Natasha (N.) Nau briefed the Board on a range of finance and grant matters. She said the town’s asset management software launch is progressing and staff are tagging equipment across multiple site visits. The town hired a new consultant to administer the CDBG Small Cities Housing Grant and is working through a backlog of applicants. N. Nau also said the EV Commuter Lot is completed and DEEP funds have been received.
N. Nau told members that the preliminary audit by Mahoney Sabol took place on June 29–30 and auditors will return the week before Thanksgiving for additional testing. She reported the town is 90% collected and 90% spent or committed for June and on track to end the year in a good position. At the same time, she flagged cost pressures for FY2027: the salt bid is $12 per ton higher than expected and fuel costs (gas, diesel, heat) remain elevated. The town is transitioning to Santa Buckley Fuel and hopes to negotiate a 9–10 month contract later in the fiscal year.
