Templeton received less chapter 90 funding in FY2023 than in 2008.
Bad idea to use chapter 90 funds to buy equipment!
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.
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?
Having watched things for the past few months, I have to wonder if the concept of regionalization of our schools is lost on those making decisions.
December meeting for Advisory Committee cancelled due to lack of quorum?
Emails within this document show a disturbing trend in Templeton governance.
Templeton needs a bylaw limiting selectmen to serve only on the board of selectmen, per recommendations from department of revenue in 2 financial reviews of the town of Templeton. Templeton already has bylaw limiting elective offices held by selectmen - only the board of selectmen.
What’s the difference between annual and special meetings?