FY2026 Preliminary Financial Results

At a glance

• What: the preliminary year-end financial results for fiscal year 2026 and what they mean for the FY2027 budget.
• Where it stands: reviewed at the August 4, 2026 workshop; no action taken. About $730,000 of budgeted funds went unexpended, which was described as normal, but local receipts came in lower than in FY2025.

Detail

• Mizikar reported salary and wages expended at 99%, with operating expenses similar. Roughly $730,000 in budgeted funds was unexpended.
• Local receipts totaled less in FY26 than FY25, which must be taken into account for FY27 and later years. See FY2027 Local Receipts Estimate.
• He detailed expenditures from the reserve fund and transfers between departments made at Town Meetings.
• Richards asked whether energy audits or internal reviews are done. Baldinger said audits are done annually because the town is a Green Community; reports have shown consumption falling while costs rose because of higher rates.

Sources

• Select Board workshop minutes, August 4, 2026: https://www.shrewsburyma.gov/AgendaCenter/ViewFile/Minutes/_08042026-5454

Log

2026-08-04 - Select Board Workshop

Preliminary results reviewed.

2026-09-17 - Finance Committee

Staff reported local receipts of $19,875,826 against a $17,191,122 budget, investment income about $2.2 million a year above budget since FY23, turnbacks of about $820,000, and an estimated free cash of about $9.6 million.

• 2026-08-25 - Select Board - Staff presented year-end results: local receipts about $2.6 million over budget and about $820,000 (0.51%) turned back (from auto-captions).