Finance Committee — Meeting Minutes (January 7, 2026)
At a glance
Quick context to catch up fast.
The Ledyard Finance Committee met in hybrid format on January 7, 2026. Actions included approval of minutes, authorization of a $4,645 remediation expense for Gales Ferry Engine 21, approval to transfer $157,133 in additional Federal Impact Aid to the Board of Education capital reserve, denial of a motion to cancel a 1988 BOE capital-transfer resolution, and recommended town commitment letters totaling $178,000 from the Open Space Fund to Avalonia Land Conservancy for two land acquisitions. Finance staff reported the FY2024–25 audit was submitted to the state and FY2026/27 budget materials are due to the Mayor on January 20, 2026.
Committees mentioned
Open the committee coverage hubs tied to this summary.
Topics discussed
Was this summary helpful?
Your feedback helps us prioritize what to improve next.
Key decisions
Follow the major takeaways from this briefing.
- Approved minutes of the Finance Committee regular meeting of October 15, 2025 (vote 3-0).
- Authorized expenditure of $4,645 to remove firefighting foam and clean the foam system on Gales Ferry Engine 21; recommended for approval (vote 3-0).
- Recommended appropriation and transfer of $157,133 from Account #10188210-59300 (Transferred Funds) to Board of Education Capital Non-Recurring Reserve Fund (Account #22570101-58250 and #225670101-58250) to allocate additional Federal Impact Aid revenue (vote 3-0).
- Motion to cancel the 1988 "Resolution Creating a Funding Mechanism for Making Annual Appropriations to a Capital Reserve Fund for the Board of Education" failed (vote 0-3).
- Recommended that the Mayor issue a Letter of Commitment for $98,000 from the Open Space Fund to Avalonia Land Conservancy for acquisition of 173-175 Stoddard’s Wharf Road (vote 2-0; one member excused).
- Recommended that the Mayor issue a Letter of Commitment for $80,000 from the Open Space Fund to Avalonia Land Conservancy for acquisition of 1069 Colonel Ledyard Highway (vote 2-0; one member excused).
Timeline & follow-ups
Action items flagged by the community.
No follow-ups have been shared yet. Add one in the community board below.
Meeting information
Details and records from this meeting.
Finance Committee
Regular Meeting
Agenda
- In -Person : Council Chambers, Town Hall Annex Building Remote Participation: Information Noted Below:
- Join Zoom Meeting from your Computer, Smart Phone or Tablet: https://ledyardct.zoom.us/j/89312976497?pwd=wTKbgZ8onBfYpFaSNWaoGVxsnN3ZiL.1 by Audio Only: Telephone: +1 646 558 8656; Meeting ID: 893 1297 6497; Passcode: 296609
- CALL TO ORDER
- ROLL CALL
- RESIDENTS & PROPERTY OWNERS COMMENTS
- PRESENTATIONS / INFORMATIONAL ITEMS
- APPROVAL OF MINUTES
- Finance Director’s Report - Fiscal Year 2025-2026
- Financial Reports - Fiscal Year 2025-2026
- OLD BUSINESS
- Discussion regarding potential uses for the funding received from the National Opioid Settlement Payments.
- Discussion scheduling Regular Quarterly Joint Finance Committee Meetings between the Town Council and Board of Education.
- Continued discussion regarding upcoming potential Grant Opportunities.
- Any Old Business proper to come before the Committee.
- NEW BUSINESS
- MOTION to authorize the expenditure of $4,645 for the purpose of removing firefighting foam and cleaning the foam system on Gales Ferry Engine 21.
- MOTION to appropriate and transfer $157,133 from Account #10188210-59300 (Transferred Funds) to Account #22570101-58250 (BOE CNR Reserve Fund); In addition, appropriate $157,133 to Account #225670101-58250 (BOE CNR Reserve Fund) ..end.
- Public Act #24-45 "An Act Concerning Education Mandate Relief".
- **ADD ON**
- MOTION to authorize the Mayor to issue a “Letter of Commitment” to Avalonia Land Conservancy, Inc., in response to their request of $98,000 from Account #210-101210-12101-58920 (Open Space Fund) to provide financial support/town share with the acquisition of 173-175 Stoddard’s Wharf Road, 30.30+/- acres of Open Space; to be payable to Avalonia Land Conservancy, Inc, Seller or closing law firm at the time of the closing.
- **ADD ON**
- MOTION to authorize the Mayor to issue a “Letter of Commitment” to Avalonia Land Conservancy, Inc., in response to their request of $80,000 from Account #210-101210-12101-58920 (Open Space Fund) to provide financial support/town share with the acquisition of 1069 Colonel Ledyard Highway; 20.23 +/- acres of Open Space to be payable to Avalonia Land Conservancy, Inc, Seller or closing law firm at the time of the closing.
- Any New Business proper to come before the Committee
- ADJOURNMENT
- DISCLAIMER: Although we try to be timely and accurate these are not official records of the Town.
- MOTION to approve the Finance Committee Regular Meeting Minutes of October 15, 2025
- Agenda Item
Recent documents
Fresh records from this municipality.
Civic leadership
Know who to contact about the decisions that matter.