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Select Board approves raising town credit‑card limit and reviews large duplicate payment
Summary
To reduce frequent credit‑card ceiling issues the board authorized increasing the town credit‑card limit from $5,000 to $10,000. Finance discussion also noted an apparent double payment issue requiring returns of roughly $41,000 to processors.
The board approved a motion to raise the town's M&T Bank credit‑card limit from $5,000 to $10,000 to reduce recurring credit ceiling problems for purchases. The treasurer sought board blessing to proceed; the motion passed by voice vote.
During discussion finance staff explained there had been duplicate payments from credit‑card processors and the bank resulting in a large reconciling transfer of roughly $41,000 that will be returned to the processors. The board clarified this was cash that had been taken in and is being reconciled, not an expense to the town.
The board approved regular pay orders and staff timesheets in the same sequence of housekeeping motions.
