Southtowns Record

TB 2026-01-07 Agenda Packet

Government
Town of Boston
Board
Town Board
Meeting
Jan 7, 2026
Posted by publisher
May 22, 2026
Kind
Agenda packet
Topics
Budget and taxes, Zoning and land use, Water, sewer and drainage, Public safety, Parks and recreation, Audits and oversight, Roads and traffic, Short-term rentals

Original document

Same meeting

Text · page 67 of 139

Read the whole document on one page (all 139 pages, each with its own heading)

2026 Re-Org Items
Authorize the Supervisor and the Tax Collector to invest surplus monies. This authorization
includes participation in New York Cooperative Liquid Assets Security System (NYCLASS)
and Empire Public Investment Cooperative (EPIC) Fund.

12. Investment Policy:

Investment policy previously adopted by the Town Board where idle town monies may be
invested, subject to any further regulation from the State Comptroller pursuant to Section
39 of the General Municipal Law is as follows:

  1. Obligations of Federal Government - Treasury Notes, Treasury Bills, etc.

  2. Obligations of Federal Agencies Guaranteed by the Government.

  3. Obligations of the State of New York

  4. Certificates of Deposit in Commercial Banks, which are FDIC insured.

  5. Regular Savings Accounts, Money Market Accounts in Commercial Banks if proper
  securities are provided for all monies invested in excess of the amount secured by FDIC.

  6. Tax Anticipation Note and Revenue Anticipation Notes of another municipality,
  district, corporation or school district, any other investments not listed will require
  prior approval by the Town Board and be in conformance of all state statutes.

The Town Supervisor will keep a record of all such investments and provide a report to all
Town Board Members monthly.

13. Signature Stamp for the Supervisor:

Authorize the use of.

14. Mileage Reimbursement Rate:

Set at the 2026 updated IRS rate of $0.725 cents per mile per IRS Notice 2026-10

15. Lending Funds:

Authorize the Supervisor to lend funds from one account to another.