Finance Committee updates on Community Center project, FY 2025 financial standing
Finance Committee hears Community Center update, reviews FY 2025 results. Finance Director Colleen Wilkins reported the Community Center project is 27 percent spent at $7.2 million of a $26.4 million budget, remains on track financially, and is three months delayed; the Town expects no compensable
Finance Committee · Meeting of May 11, 2026
LINCOLN — Finance Committee hears Community Center update, reviews FY 2025 results. Finance Director Colleen Wilkins reported the Community Center project is 27 percent spent at $7.2 million of a $26.4 million budget, remains on track financially, and is three months delayed; the Town expects no compensable costs. The Select Board voted to receive $1.345 million from Lincoln Friends of the Council on Aging by month's end, reducing borrowing needs.
Wilkins reported FY 2025 fund balance of $50.5 million, with unassigned fund balance at 31 percent of expenditures — above the policy target of 15 to 20 percent — and Free Cash certified at $11.655 million. The Town has $58.3 million in remaining borrowing capacity against a debt limit of $152.7 million.
In the full story:
- The complete report — 343 words
Source: the Finance Committee meeting of May 11, 2026, compiled from the official minutes.
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