Over the years, the Town of Granby set up special funds for specific purposes. Some funds are related to grant programs. Other funds are from capital projects or are for very specific functions, like the Pension Fund. Some of these projects have been completed with no further action having taken place for a distinct period of time. Recently, the town auditor recommended closing out those funds.
Town Manager Erica Robertson asked the Board of Selectmen to vote to do that and to transfer remaining balances to the Capital Nonrecurring Expense Fund. The Board agreed and voted to approve Robertson’s recommendation.
These closed funds are Sidewalk and Beautification Fund, Communication Fund, Small Cities–Salmon Brook Elderly Housing, Small Cities–Stony Hill Village and the Bridge Program 2002 Fund. One other fund on the list, the Open Space/Property Improvement Fund, remains open. During the discussion prior to the vote, Selectman Mark Neumann suggested that this fund not be closed as it is in the interest of the town to be able to purchase open space property should the occasion arise. The Board agreed. The Board of Finance will take action on the closing of these funds at its next meeting.