What: the Finance Committee's transfer of the remaining Reserve Fund balance, $141,350, to the compensated absences fund that pays retirees' accrued leave.
Where it stands: The Finance Committee approved the transfer on October 26; the Town expects to replenish the Reserve Fund from free cash at the annual Town Meeting.
Next: Replenishment at the annual Town Meeting once free cash is certified.
Town Administrator Glenn Cannon asked to transfer $141,350, the balance of the Reserve Fund, to the compensated absences fund after several retirements, some unscheduled, drained it. The transfer carried (tally heard as 4-0). Further Reserve Fund requests must wait until it is replenished, planned from free cash at the annual Town Meeting.