The meeting included the review of the Town Treasurer's report, requests for budget transfers for Public Works and the Tashua Knolls Golf Course, and discussion of year-to-date budget reports for both expenditures and revenues for the current fiscal year.
Apr 9, 2026·Board meeting
Board Of Finance Meeting
The Board of Finance meeting addressed several financial and administrative items. Key topics included a report from the internal auditor, the Town Treasurer's report, and updates from the Suspense Tax Collector. The Board discussed and reviewed supplemental appropriations for several departments, including Information Technology, Public Works, and the Health Department, to cover underbudgeted contractual services and software implementations. Additionally, the Board reviewed an index calculation for referendum-bonded projects, addressed contractual budget miscalculations within the Technology Department, and reviewed a proposal for LOTCIP application services regarding traffic signal improvements.
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The meeting included an internal audit report update and a review of financial interest earnings. The board addressed the suspension of uncollectible tax bills and discussed investment restrictions. Significant actions included approving a referendum to adjust bonded projects for CPI, authorizing several supplemental appropriations for professional services, IT network projects, engineering requirements for environmental compliance, and grant application assistance. Additionally, budget transfers were approved for the implementation of an electronic health record system, and year-to-date reports on revenue and expenditures were reviewed.