Good Day:

I do anticipate the need for year-end transfers.  Regularly scheduled BoS meetings at which I might request those are 05/22, 06/12, 06/26, and July 10.  Any transfer requests would follow those within a day or so.  I would suggest you include a slot for transfer requests through 07/15.

As you may now know, the statute has been amended to remove any caps on amounts to be transferred or prohibitions on what accounts transfers may be from:

“(b) A town may, by majority vote at any meeting duly held, transfer any amount previously appropriated to any other use authorized by law. Alternatively, the selectmen, with the concurrence of the finance committee or other entity established under section 16 of chapter 39, may transfer within the last 2 months of any fiscal year, or during the first 15 days of the new fiscal year to apply to the previous fiscal year,any amount appropriated, other than for the use of a municipal light department or a school department, to any other appropriation.

            (c) No approval other than that expressly provided in this section shall be required for any transfer under this section.”

This means that transfers from the Advisory Committee Reserve need not meet the normal restriction of being triggered by an “Emergency or Unforeseen Circumstances” as this restriction does not apply to year end transfers when done under this provision of statute.

My hope is to keep any needed transfers to those required to offset the Snow & Ice deficit.  However, as you know we are very close on the Group Insurance Account and I expect we may have needs in the Town Counsel account where we have roughly $8k left as of today but billing(s) for May and June yet to be received. 

Many Thanks

Carter Terenzini

Interim Town Administrator

Town of Templeton

160 Patriots Road

East Templeton, MA 01438

(978) 894-2753

From: Templeton, MA Advisory Board [mailto:templetonadvisoryboard@gmail.com]
Sent: Saturday, May 13, 2017 7:03 PM
To: Town Administrator <townadministrator@templeton1.org>
Cc: Cameron Fortes <Selectmen.Fortes@templeton1.org>; Doug Morrison <SelDMorrison@templeton1.org>; Diane Haley Brooks <SelDHaleyBrooks@templeton1.org>; John Caplis <selectmen.caplis@templeton1.org>; Julie Richard <SelJRichard@templeton1.org>; Spring, Wilfred <185wilberdr@gmail.com>; Bartolomeo, Bev <bartsfarm@comcast.net>; Julie Farrell <j_farrell@hotmail.com>; Paul Grubb <grubbp@comcast.net>; Nodrog here <gordongmoore@yahoo.com>; j_bennett506@hotmail.com; Board, Advisory <templetonadvisoryboard@gmail.com>
Subject: Reserve/End of year transfers

Carter,

Will you or department heads planning to requesting reserve or end of year transfers next month?

Just as a reminder End of years transfers must be approved by the selectmen as per the policy adopted by our committee. It also requires the signature of the selectmen chair. Please let us know as soon as possible so it can be included in our agenda.

Thank you 

Wilfred Spring

Chairman

posted by Jeff Bennett