History of Templeton Advisory Committee is worth looking at and can be an interesting read. Past practice was to approve transfers from reserve fund (Town reserve fund) for salary expense. Unfortunately, there is not much in past annual town reports on end of year transfers, which were allowed beginning in 2006. End of year transfer from one fund to another is a way to balance the books by the end of the fiscal year, so the formal process can begin without financial issues for the town.
All material on this blog is directed to members of the general public and is not intended to be read by my fellow Board members, nor do I intend for any readers to convey such material directly or indirectly to my fellow Board members.
Saturday, August 21, 2021
Thursday, August 19, 2021
Hey Charlie, how about helping out the towns, send more chapter 90 monies out, we could use it.
Looking to close the books on fiscal 2021, Gov. Charlie Baker proposed a supplemental budget bill today that would allocate a significant portion of a state surplus that exceeded $4 billion.
Priorities in the governor’s spending proposal include adding $1 billion to the Unemployment Trust Fund and $568 million for relief programs, mostly focused on housing insecurity and human services.
Ten million dollars would be set aside for the Community Preservation Trust Fund, which provides funding to cities and towns that have adopted local property tax surcharges under the Community Preservation Act.