Source
At the November 13, 2024 Board of Education meeting the board reported that it could not get a clear account of the AES Capital Fund. A member said she went to the town treasurer in person and then by email, copying both heads of the Board of Finance, and was told the fund "was not located in the town's stiff account" -- although, having reviewed the recordings of finance board and selectmen's meetings, "in those meetings it was stated that that was where said fund was going to be located" (~49:02). The school's statements showed accounts under other names, but nothing titled the AES Capital Fund (~50:04). On further inquiry the treasurer replied that the fund was a stand-alone fund with its own bank account, that the town had funded it for $100,000 for the 2024-25 fiscal year as listed in the town budget, but that "the funds have not been transferred yet into the separate bank account."