Canaan Board of Finance declines request to reallocate annual-report stipend; funds revert to General Fund

At its July 13 meeting, the Town of Canaan Board of Finance considered a request from the Town Clerk to reallocate funds for the annual report but determined the fiscal year had closed and the funds could not be moved.

The agenda amendment to add the Town Clerk's request (Item 9.b) was approved at the start of the meeting. During New Business, the Board reviewed the Town Clerk's letter and concluded that reallocation was not possible because the fiscal year is closed. The minutes state that Emily completed the annual report typing but declined the stipend; per the Board's conclusion, a declined stipend reverts to the General Fund. The Board further noted that supplies must be budgeted in future years or be drawn from the Board of Selectmen's budget.

The record shows no vote to reauthorize or transfer funds for the stipend; the Board treated the matter as closed for the current fiscal year. The minutes and attached letter from the Town Clerk will serve as the town's record on the request.