Financial Policy Work Group clarifies capital and debt calculation methodology after years of inconsistency. Members present—Select Board Rep Wendy Rovelli, Finance Committee members Don Kupka and Lois Wasoff, CFO Jennifer Barrett, and Assistant CFO Ryan Ferrara—unanimously approved prior minutes
Financial Policy Working Group unanimously recommends $3.5M in stabilization transfers for Town Meeting. The group backed a $750,000 transfer to the General Stabilization Fund as part of a 10-year plan toward a $5.95 million target, plus an initial $1.25 million to establish a new Capital
Concord Financial Policy Work Group endorses revised Reserves Policy with 4 percent floors on Free Cash and General Stabilization funds. Chair Wendy Rovelli reported the Select Board approved changes to the framework; Chief Financial Officer Jennifer Barrett is drafting warrant articles for 2026
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