Finance Board Focusing On Non-Municipal Agency Fund Balances

Published: Aug 08, 2022 07:00 AM

Following a contentious budget year where the Legislative Council voted to keep library funding flat rather than recommending a requested increase, the Board of Finance is now mulling a set of guidelines for reviewing fund balances of non-government or so-called “outside agencies” that receive budget subsidies from the town.

At a July 28 finance board meeting, First Selectman Dan Rosenthal suggested it might be “helpful to set some kind of policy or guidelines” on how to deal with groups carrying large fund balances.

In the current budget, the town made nominal contributions to seven outside agencies that serve the community. In addition, the Lake Lillinonah and Lake Zoar Authorities and the Edmond Town Hall Board of Managers received budget allocations.

Three other quasi-governmental agencies also received funds: $303,000 to Newtown Youth & Family Services; $143,000 to the Children’s Adventure Center; and $1,408,000 to the C.H. Booth Library. And another $1,132,000 was distributed to the town’s five fire companies; $270,000 to Newtown Ambulance; and approximately $10,000 to Newtown Underwater Search and Rescue.

A document put together by Finance Director Robert Tait for the BOF to review highlighted some things the town may want to consider, including a total itemized 2024 budget, including…

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