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Hopkinton rolls $18,295.70 of CHIPS funds into 2025 capital outlay

Town of Hopkinton Board/Supervisor · November 7, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Town of Hopkinton approved a resolution to roll over $18,295.70 in unused 2024 CHIPS funds into the 2025 Capital Outlay account (DA5112.2) and to recognize the same amount as Consolidated Highway revenue (DA3501).

During the Nov. 7 special meeting Councilperson French offered a resolution to roll over unused CHIPS funds from 2024 into the 2025 budget. The resolution specified increasing the Capital Outlay line item DA5112.2 by $18,295.70 and increasing the Consolidated Highway revenue line DA3501 by $18,295.70; the motion was seconded by Councilperson Eakins and approved unanimously.

The minutes record the CHIPS rollover as a discrete budget action. The resolution text and vote were recorded in the minutes; a citation for the specific CHIPS roll-over authority was not specified in the meeting record.

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