Source
The July 1, 2026, 11:02 AM email from First Selectman Jeff Maguire to Board of Education chair Caitlin Greenhouse, copied to Board of Finance chair Robert England and blind-copied to the Town Treasurer and the Town Administrator, announcing that effective July 1, 2026 the Town would be implementing a revised funding process for the AES operating budget. States its purposes as strengthening cash management, maximizing the investment of Town funds, and eliminating reconciliation issues identified during the Town's annual audit. States that the Town "has deposited" $100,000 into the Andover Public School Operating Account (M&T Bank, account number redacted), effective July 2, 2026, to initiate the new process, and sets out the replacement mechanism: the AES business manager submits weekly check registers and payroll registers, reviewed and approved, to the Town Treasurer, Assistant Treasurer and Town Administrator; the Town then transfers funds equal to the approved disbursements; the business manager prepares a monthly reconciliation; and the Treasurer ensures cumulative funding does not exceed the approved operating budget. Produced in the Town's July 16, 2026 records response, production pages 12-13.