At that meeting and subsequent meetings no mention was made of the change in the stabilization figure. Everyone went into the Annual Town Meeting thinking there was $142,326.99 in the stabilization account.
Stabilization Account blog posted June 6, 2017.
New figures are given for the stabilization accounts:
2:35 PM (4 hours ago)
to MA, Kelli, Beverly, Jeff, me, Paul, Wilfred, Cameron, Doug, Diane, John, Julie
Per your request; the balances we now show, as a result of the audit(s) for the several stabilization funds are:
General Stabilization $95,334.28
Pajari Stabilization $9,263.90
Capital Stabilization $1,958.95
Interim Town Administrator
Town of Templeton
160 Patriots Road
East Templeton, MA 01438
Let's put this situation into perspective:
If you had a bank account(Stabilization) that had $142,326.99 in that bank account and then you were informed that that bank account really only had $95,344.28, wouldn't you ask questions? Wouldn't you want an explanation?
Then you go back to that same bank to make a transfers from different accounts, wouldn't you want verification of the amounts in those accounts BEFORE you authorize that transfer? Especially since you never received an explanation on how $142,326.99 was reduced to $95,344.28?
Blogs from the past:
The Pillars of the Budgeting Process
A Trip in the Way Back Machine
Here are some snippets from the management letter.