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The Board unanimously approved a resolution reconciling capital-project appropriations from fiscal years 2008 through 2018, deauthorizing authorized but unissued bonds, and allocating excess bond proceeds. It also accepted a federal audit that identified six findings, including material weaknesses in grant-related controls, equipment and property inventory, and reporting.
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The bond action updates the Town’s records and formally closes or reallocates excess authorizations from older capital projects. The accepted audit includes a corrective action plan addressing weaknesses in how grants, property, equipment, and reports are managed. The Board also approved $104,909.78 in police budget adjustments and was told that the speed camera program was suspended on April 2 because required state procedures were incomplete.
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