Finance Committee reviews three reserve fund transfers
Finance Committee reviews reserve fund transfer requests and town financial position. The Committee considered three requests totaling $15,100: Lake Management sought $2,000 for security boxes and $600 for electricity expenses, while the Library requested $12,500 for additional electricity costs.
Finance Committee · Meeting of March 3, 2026
SOUTHWICK — Finance Committee reviews reserve fund transfer requests and town financial position. The Committee considered three requests totaling $15,100: Lake Management sought $2,000 for security boxes and $600 for electricity expenses, while the Library requested $12,500 for additional electricity costs. The town's Free Cash stands at $4,527,287 with a Stabilization Fund balance of $3.09 million and Reserve Fund of $130,481.39.
An FY2027 Budget Review was scheduled.
In the full story:
- The complete report — 155 words
Source: the Finance Committee meeting of March 3, 2026, compiled from the official minutes.
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