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Board moves $150,000 into money market and restricts $75,000 of Water 1 fund balance after executive session
Summary
After an executive session on the capital plan and personnel, the board moved $150,000 into the money market account and restricted $75,000 of Water 1 fund balance for emergencies; the session ran from 7:08 p.m. to 7:55 p.m.
The board voted to enter executive session at 7:08 p.m. to discuss the capital plan and personnel matters and returned to open session at 7:55 p.m. The minutes record that, as part of capital-plan decisions, the board moved $150,000 from fund balance into the town's money market account and restricted $75,000 of the Water District 1 fund balance for emergency use only.
The motions to enter and exit executive session and the recorded fund movements were adopted by roll-call votes (each 5-0). The minutes do not include further details from the executive session about personnel or longer-term capital priorities; the fund restriction and transfer were recorded as the session's material outcomes.
