Finance Committee updates on Community Center project, FY 2025 financial standing
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, reported from the official video recording and transcript.
Keep reading with a 14-day free trial
Subscribe to Lincoln News to keep reading this post and get 14 days of free access to the full post archives.
A subscription gets you:
- Subscriber-only posts and full archive
- Post comments and join the community
- 24x7 access to local news