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REGULAR BOARD MEETING TOWN HALL MAY 6, 2026 7:30 P.M. RESOLUTION 2026 -33 ALLOCATING EXCESS 2025 SALES TAX & BUDGET AMENDMENTS WHEREAS, the Town of Boston received total sales tax revenues for 2025 in the amount of $1,610,754; which exceeded the 2025 estimated revenues of $1,500,000 ($975,000 General, $275,000 Highway, $180,000 Fire, and $70,000 Ambulance) by $110,754; and WHEREAS, actuarial analysis and reporting by Firefly Admin, Inc., suggests that the Fire Protection District’s Length of Service Award Program (LOSAP) may be underfunded by $3.1 million with the funded ratio at 45.7% as of January 1, 2025, and Firefly Admin Inc. recommended a 2025 contribution of $390,803, whereas the Town budgeted a contribution of $325,000 to the LOSAP program that year; and WHEREAS, the 2026 actuarial determined contribution is set at $409,952 compared to the Town’s 2026 budget of $400,000 leaving a gap of $75,755 below the required contributions across the 2 years suggesting a potential further decline in the LOSAP funding ratio; NOW THEREFORE BE IT RESOLVED, that the Town of Boston will allocate the excess $110,754 of 2025 sales tax to the Fire Fund to be used towards an additional 2026 LOSAP contribution; and IT IS FURTHER RESOLVED, that the 2026 Budget for the General Fund be amended to increase appropriation account A00-9901-0900 Transfers to Other Funds by $110,754 using the sales tax that rolled into fund balance at 2025 year-end; and IT IS FURTHER RESOLVED, that the 2026 Budget for the Fire Fund be amended effective immediately to increase the revenue line SF0-5031-000 Interfund Transfers and appropriation line SF0-9025-0800 Service Award Program - Benefits to account for the additional $110,754 contribution to be made to the Fire LOSAP account. Supervisor Keding Yes Councilwoman Martin Yes Councilman Penders Yes Councilwoman Selby Yes Councilman Stephan Yes five (5) Yes Carried A motion was made by Councilman Penders and was seconded by Councilwoman Selby, RESOLUTION 2026 - 34 2025 YEAR-END BUDGET AMENDMENTS WHEREAS, the Town of Boston is in the process of closing the accounting records for the fiscal year ended December 31, 2025; and WHEREAS, certain appropriation accounts have exceeded original budget estimates, requiring additional funding, mainly from an additional use of fund balance; NOW THEREFORE BE IT RESOLVED, that the Town Board hereby authorizes the budget amendments for the year ending December 31,2025 as shown in the below chart: