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Selectboard signs sheriff contract and agrees to consolidate interest into General Fund
Summary
The board signed the Sheriff’s Department contract at the June 9 meeting (amount matched the town report) and approved routing interest income into the General Fund rather than leaving it in originating funds, with the exception of CDs.
At the June 9 meeting the Selectboard signed the Sheriff’s Department contract; the minutes state the contract amount matched the figure approved in the town report and the contracts were executed. The clerk recorded that four orders were signed overall during the meeting.
During the meeting Melissa Whitcomb asked whether interest should be credited to the General Fund instead of remaining in the fund from which it originated (except for certificates of deposit). The Selectboard agreed that interest may be allocated to the General Fund; Melissa said she plans to eliminate some bank accounts to ease reconciliation.
