Selectboard reviews FY27 cash flow, FY26 audit and internal controls
Selectboard heard that the General Fund had interfund borrowed $75,628 as of Sept. 1, 2026 and that auditors are completing the FY26 audit; the board approved the updated FY26 Internal Financial Controls Checklist and discussed capital planning and voter approval thresholds for borrowing.
The full story
Town Administrator Trish Waugh delivered the Treasurer update (on behalf of Laurie Childers), reporting that, taking into account the 9/1/26 accounts-payable warrant, “the General fund has borrowed $75,628 from other reserve funds.” Trish said staff will present FY27 budget-to-actual reports through Aug. 31 at the board's second September meeting and that if September tax receipts approximate Sept. 2025 receipts ($814,985) the town will not require longer-term borrowing.
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