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Selectmen approve year‑end transfers and confirm roughly $1 million surplus
Summary
The board approved FY25/26 Budget Transfer #8 for $229,579 and FY26/27 Transfer #1 for $9,807.45 (ARPA interest) and noted an approximate $1 million surplus ahead of final Board of Finance and Town Meeting approval.
The Board approved Fiscal Year 2025/2026 Budget Transfer #8 for $229,579, described as end‑of‑year cleanup, and Fiscal Year 2026/2027 Budget Transfer #1 for $9,807.45 to apply ARPA interest toward Frontier expense. "This is the end of year clean up," Selectman Jeff Zullo said during the discussion.
First Selectman Denise Raap reported the town has about a $1,000,000 surplus; both transfers passed unanimously and will move to the Board of Finance and Town Meeting for final approval. The board noted the ARPA interest transfer will fund the remainder of the Frontier connectivity expense.
