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Budget Committee reviews FY27 revenues; auditors flag treatment of unreserved funds and ARPA reserve
Summary
Committee members reviewed the Revenues portion of the FY27 budget and discussed auditors' recommendations about handling unreserved funds and accounting for the town's ARPA reserve; the committee planned follow-up to gather tax-collection input.
The Town of Montgomery Budget Committee reviewed the Revenues portion of the FY27 budget and discussed auditors' recommendations on how to treat unreserved funds going forward and how the town should account for its ARPA reserve.
The minutes record that the auditors recommended clarifying the formal status and accounting treatment of the ARPA reserve and determining how unreserved funds should be handled under the town's standard allocation process. Committee members discussed those procedural and accounting questions but recorded no formal vote on changes to revenue estimates in the minutes.
