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Board of Finance approves budget submission of $41,311, including higher audit line
Summary
The Board of Finance voted unanimously to submit a Board of Finance operational budget of $41,311 for FY2026, up modestly from the prior year; the proposed audit line was increased by about $1,000 to $33,550.
At its Feb. 17 special meeting the Town of Canaan Board of Finance voted to submit an operational Board of Finance budget totaling $41,311 for the coming fiscal year, up from $39,566 the prior year. The draft reflected a roughly $1,000 increase in the proposed audit line to $33,550 to account for expected higher audit costs for the FY2026 engagement.
The motion to submit the budget was moved by Amy Wynn and seconded by Martin Deeg; the motion passed unanimously. Chairman Ginger Betti said she will finalize the document and distribute the finalized draft to board members. The Board also set a schedule of budget presentation dates — including a special BOF meeting on March 30, a BOE presentation on April 13, a budget hearing on May 15 and the town meeting on May 29 — to complete the town’s FY2026 budget process.
Board members agreed the budget is a working document and that capital requests from boards and commissions should be submitted by Feb. 26 to inform the town's five-year capital planning work.
