Town to roll over unexpended grant funds into next fiscal year

Town Manager Rick Ledwith explained that the town receives a number of grants throughout the year and that timing rarely aligns perfectly with the fiscal year, so the town will roll over unexpended funds from several grants into the next fiscal year to continue planned work.

"We receive a number of grants as you all know, throughout the year and they're never perfectly timed...so, we will roll over those unexpended funds into, from a number of grants and you utilize those this fiscal year," Ledwith said. He estimated there were six or seven grants involved and described the rollovers as routine practice to keep projects on schedule.

Chair Deb Polin asked for clarification and Ledwith confirmed that rolling funds forward means the town remains within the project period and is crossing fiscal years, not ending the grants.