Selectmen transfer funds from capital reserve account

Monadnock Ledger-Transcript
Thursday, November 16, 2017 10:12AM

In a 2-1 vote, Jaffrey selectmen placed $57,044.99 into the sewer undesignated fund balance after dissolving the sewer department capital reserve fund. 

The sewer department capital reserve fund was established in 2014 to replace the sewer main over the Contoocook River. The project has since been completed and remaining funds in the fund could not be used for any other purpose. 

The money was recommended to be transferred to the sewer-septage upgrades capital reserve fund so the funds could be used for the current septage upgrade project, but board chair James “Cush” Moore said he felt the money should “go back to where it came from.”

 “If they want more for the septic upgrade they can certainly ask for it. I want to send it back to where it came from,” said Moore. 

Frank Sterling, the dissenting selectman, said he didn’t have a problem pulling money from one capital reserve fund and placing it in another, adding that the money will be used for the project wherever it is placed. 

Selectmen also accepted a $1,351.30 US Justice Department grant to help offset the cost of four police officer vests. The rest of the $3,384 needed to purchase the vests will come out of the operating budget. 

The board approved the posting of no hunting signs 303 Gilmore Pond Road. The landowner requested being able to post the signs to protect her livestock.

Selectmen approved a resolution to disburse $26,110 in impact fees to the Jaffrey-Rindge School District to reduce tax assessment for bonded debt. Board chair James “Cush” Moore said this is a typical request that is approved annually.

Nicholas Handy can be reached at 924-7172 ext. 235 or nhandy@ledgertranscript.com. He is also on Twitter @nhandyMLT.