Board of Finance Meeting 08/19/2026

The North Haven Board of Finance held a meeting on August 19, 2026, primarily reviewing fiscal year 2025-26 financial reports for the town and Board of Education. The discussion focused on revenue shortfalls in certain fees and transfers, but overall revenues were close to projections with some categories exceeding expectations, such as interest on short-term investments. Expenses were under budget by approximately $893,000, resulting in a surplus before audit. Key procurement-related topics included capital improvement fund transfers by the Board of Education, grant spending of $144,000 for school repairs, and concerns about budget allocations for medical insurance and workers' compensation. The board also discussed the timing and accounting of payroll expenses for teachers and staffing vacancies affecting personnel costs. No new contract awards or vendor selections were reported, but the board emphasized the need for ongoing monitoring of budget variances and grant compliance. A walkthrough of the police department was scheduled for September to enhance understanding of departmental operations.