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Budget member asks for clearer tracking of borrowed investment funds
Summary
Sandy Fortin requested that budget documents separately list borrowed amounts taken from the town's investment account and proposed raising sinking funds; the board agreed to collect more information from budget members.
During the budget item, Sandy Fortin told the board she would like "to see the borrowed amounts from the investment account listed separately." Fortin also suggested raising sinking funds and asked that budget members provide more information to clarify funding sources.
The minutes do not show a formal vote on Fortin’s request; it was recorded as a request for changes to budget documentation and for additional input from budget members. Town Manager Sara J. Liscomb and finance staff will need to follow up to determine how to present borrowed amounts and sinking-fund proposals in upcoming budget documents.
