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Treasurer says payables discrepancy stems from timing; $29,999.36 check cleared
Summary
During public comment a resident raised concerns about outstanding payables; the Treasurer clarified the items appear to be timing/accounting classifications, that auditors will reconcile them, and that a $29,999.36 check has cleared though fiscal-year placement remains under audit review.
A resident asked about the town balance sheet and outstanding payables at the start of the Feb. 17 Board of Finance special meeting. The Treasurer clarified that the apparent payables discrepancy is driven by timing and accounting differences rather than unpaid bills and said the auditors will reconcile the items during the audit. The Treasurer further indicated that a $29,999.36 check had cleared, with the remaining question being which fiscal year the item belongs to; that will be resolved through an audit adjustment.
Board members accepted the explanation and noted a related reconciling item in the Board of Education reconciliation that is expected to reverse in the next reconciliation cycle because it involves a multi-year entry. The Board voted to receive the Treasurer’s December 2025 reports and the December reconciliations; both motions passed (reconciliation received unanimously).
