Board of Finance 10/21/2026

The Town of North Haven Board of Finance’s regular meeting on October 21, 2026, reviewed monthly financial reports and budget performance. The town reported $986,000 in PILOT revenue against a budgeted $1.05 million, a shortfall of about $64,000, while short-term investment interest and several fee revenues were tracking favorably. Members discussed replacement of roughly seven to ten aging fire hydrants, a $13,000 open purchase order for Cultural Center repairs, recurring transfer-station hauling costs, and a $31,000 contingency expenditure that had been paid and needed a reporting correction. Board of Education reports noted reduced grant allocations compared with the prior year. The Fire Chief also spoke about the cancellation of a planned fire-apparatus purchase and its effects on the department’s replacement schedule; the transcript provides no purchase amount or vendor, and no new apparatus procurement action was taken.

The board discussed an energy-savings performance-contract process for town facilities. An RFP is out, and a no-cost study is expected to produce proposals and estimated savings over the coming months; members made no award or spending authorization, and noted that any future undertaking may require further review. The board also discussed developing a general fund balance policy and a draft public-comment policy for a future meeting. The minutes were amended and approved; no other procurement award or funding vote was identified.