Board of Finance 08/19/2026

The North Haven Board of Finance held its meeting on August 19, 2026, focusing primarily on reviewing and approving minutes from previous months and discussing fiscal year-end financial reports. Key procurement-related discussions included detailed analysis of town and Board of Education expenditures and revenues, highlighting variances in budget allocations and actual spending. The board examined over- and under-budget departments, with particular attention to capital improvement funding, special funds, and grant allocations such as the state District Repair and Improvement Project (DRIP) grant of $144,000 awarded to the school district. The meeting also addressed the management of medical insurance and workers' compensation reserves, noting expenditures exceeding actuarial estimates and the use of reserve accounts to cover these costs. Members discussed the timing and accounting of payroll expenses, transfers to capital improvement funds, and the need for ongoing scrutiny of budget transfers and special fund spending. No new contracts or vendor selections were reported, but the board emphasized the importance of monitoring budget variances and grant fund utilization. A future meeting was scheduled to further discuss police department services. The meeting concluded with no public comments and adjournment.