Today I received a copy of the November monthly finance report from accountant via a records request to the town records access officer.

Looking at page 7 of report, balance of infrastructure stabilization fund shows $158,908.47. Comparing this balance to October monthly finance report, on page 7, shown as $113,908.47.

Next, looked over report of November special town meeting; article 13 "On a motion duly made and seconded the Town voted to transfer the sum of Sixty Five Thousand Dollars ($65,000) from the Infrastructure Stabilization Fund, " then looking at article 20 of same special town meeting, n a motion duly made and seconded the Town voted to appropriate the sum of One Hundred Forty Seven Thousand Five Hundred Dollars and No Cents ($147,500.00) to make deposits into its Operations (OPEX), Capital (CAPEX) and Infrastructure stabilization accounts and the OPEB reserve account as follows: OPEX $35,000 CAPEX $45,000 Infrastructure $45,000 OPEB $22,500. 

 

recap: infrastructure stabilization fund balance as of October 31, 2023 - $113,908.47 - $65,000.00 (article 13 STM) =$48,908.47 + $45,000.00 (article 20 STM) = $93,908.47. November monthly expenditure report a special article for Royalston road title work at $65,000.00. My question is why does the infrastructure balance show $158,908.47 if the $65,000.00 has been set aside, as in transferred to a separate account?

 

So, is my calculator broke? Is this Templeton math? Is this a new way to report town finance? A keying error?