Dalton Finance Makes Reserve Fund Transfers

DALTON, Mass. — The Finance Committee made two reserve fund transfers last Wednesday night. 

 

The reserve fund balance is currently $60,000. This is the first reserve fund transfer the town has made this fiscal year, committee clerk Karen Schmidt said. 

 

A transfer to the vocational education tuition account for $16,000 was approved. The original appropriation was $605,020 and the present balance is $4,527. 

 

It had been previously demonstrated that setting the budget for this account can be challenging due to the uncertainty about how many students will choose to attend vocational education programs.

 

The vocational education account was reduced by $90,000 during a September special town meeting; however, a spot opened up at a vocational program, so a student decided to transfer after the start of the second quarter. 

 

A transfer for the employee fringe benefits account was approved for $10,000. The original appropriation was $64,180. 

 

The present balance is $4,412.77 and is not sufficient to cover the vacation payouts and sick buy backs of the six employees who left this year.