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Webster approves financial reports and adopts Fund Balance Policy
Summary
The Board approved February and March financial reports and unanimously adopted a draft Fund Balance Policy after presentation by the mayor. The minutes list revenues and account balances for both months.
The Board approved the town's financial reports: February revenues of $18,944.68 and expenses of $6,116.59, with First Bank balances noted; March revenues were $16,007.80 and expenses $25,999.60. Commissioner Sara Stahlman moved to approve the reports; Commissioner Brad Reisinger seconded and the motion carried unanimously.
Mayor Leigh Anne Young presented a draft Fund Balance Policy. Commissioner Sara Stahlman moved to approve the Fund Balance Policy; Commissioner Brandon Core seconded and the motion carried unanimously. The minutes do not attach the full policy text or outline next steps for implementation beyond adoption.
