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TOWN OF BOSTON – RESOLUTION NO. 2026-67 FUND BALANCE POLICY WHEREAS, the fund balance of the Town of Boston’s General Fund, Highway Fund, and Special Districts accumulates to provide stability and flexibility to respond to unexpected adversity and/or opportunities; and WHEREAS, the Town Board’s objective is to maintain unassigned fund balance in the General Fund and fund balance assigned for specific use in the other Town funds at levels sufficient to mitigate current and future risks, such as revenue shortfalls and unanticipated expenditures; to ensure stable tax rates and user fees; and to protect the Town’s creditworthiness; and WHEREAS, the Town shall comply with the reporting requirements of Article 3 of General Municipal Law of the State of New York and the Governmental Accounting Standards Board (GASB) Statement Number 54; NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Boston hereby reviews and approves the Fund Balance Policy originally adopted September 4, 2019. On October 21, 2026, the question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: Yes No Abstain Absent Councilmember Martin [ ] [ ] [ ] [ ] Councilmember Penders [ ] [ ] [ ] [ ] Councilmember Selby [ ] [ ] [ ] [ ] Councilmember Stephan [ ] [ ] [ ] [ ] Supervisor Keding [ ] [ ] [ ] [ ] ____________________________ Sandra L. Quinlan, Town Clerk