Free Cash Certification
At a glance
- What: how the town's free cash was calculated and certified, about $2.8M (within 1% of last year; a little over $3M two years ago).
- Where it stands: certified; presented to the Finance Committee on September 16.
- Related: FY27 Capital Plan decides how it is used.
How it was calculated
- Roughly $6M in undesignated fund balance, less outstanding property-tax receivables, about $281K of deficit grants (mostly reimbursement timing) and overlay/deferred-revenue offsets.
- Water (a little over $1M) and sewer (about $2.4M) retained earnings were certified separately and can only be spent on their own enterprise.
- Most free cash comes from conservatively budgeted fees and non-property-tax revenue, with about $1M in department turnbacks.
- The group also covered encumbrances, revolving-fund thresholds and the stabilization funds.
- Stabilization is 12.47% of the FY27 budget (policy 10%); AA+ rating.
Discussion time
About 17 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-09-16 - Finance Committee Meeting | 17 |
Log
- 2026-09-16 - Finance Committee Meeting — Free cash certification explained.