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Finance director presents MS-5 annual report; council authorizes signatures
Summary
Finance Director Christine Duxbury presented the town's MS-5 annual financial report for the fiscal year ending 06/30/2025; council authorized signing the form and reviewed fund-balance reconciliations and reporting differences between state and town figures.
Council authorized the town council to sign the MS‑5 financial report for the fiscal year ending June 30, 2025, and Christine Duxbury of the Finance Department presented the contents and reconciliation details to the council.
Duxbury said the annual state form uses the New Hampshire Department of Administrative Rules and reconciles state totals to town reports. She described changes in fund equity during the year and noted the town's unassigned fund balance increased; she also explained that state and town reporting formats differ because state form totals include school and county amounts. Councilors asked follow-up questions and the motion to allow council signatures was approved for placement and signing of the MS‑5.
