At the regularly scheduled selectmen’s meeting held on Monday February 6, 2006 the Board of Selectmen voted to adopt the following financial policy;
Chairman Alan Sentkowski made a motion to establish a financial savings policy:
I move that the Board of Selectmen will annually transfer from the undesignated fund balance (free cash) at least $25,000 into the infrastructure stabilization account for the purpose of creating a financial savings policy.
Joe O’Brien seconded the motion. All were in favor (3-0)