Capital Reserve Funds
About
Capital reserve funds (CRFs) are investments established for specific Town of Enfield capital project purposes, usually by a vote at the annual town meeting and naming the agents to expend. These funds are usually expended by a similar vote that explicitly directs spending the funds for the previously-voted purpose.
Funds can be disbursed based on a vote at town meeting, or by a majority vote of the agents to expend. Transactions approved by vote at the town meeting do not actually occur until the end of the year.
The oldest capital reserve fund is the Municipal Facilities Maintenance fund, established in 1967.