Before any voting began at the Mattapoisett Town Meeting on Monday night, Finance Committee Chair Pat Donohue told residents that the town coffers were in pretty good shape. She said there are some areas of concern on the horizon.

The town’s AAA bond rating, received last November, has improved the town’s financial standing and will reduce the cost of borrowing going forward.

This year’s budget, said Donohue, “is well within the confines of Prop 2½.”

Donohue said there were two areas of concern, the first being the condition of gas and water mains in Mattapoisett Village and other older streets in town.

“We didn’t realize how significant the problems were with the infrastructure underneath [the roads],” she said.

Repeated breaks have forced NSTAR and the town to tear up sections of the roads.

Donohue commended the Water and Sewer Department for its work to expand sewer, but said the mains have to be addressed and will be expensive.

The second issue of concern for Donohue was finances at Old Rochester Regional. Earlier this year town officials found out that a cyber attack on the school’s accounts two years ago resulted in the theft of more than $100,000. All but $34,000 was returned, but officials want to see more transparency.

Unfunded retirement liabilities at the junior high and high school, which were assessed at $10 million in 2010, also need to be addressed, said Donohue. She said the school has no fund to pay for these rising costs.

Lastly, she said school officials have been spending from the reserve fund for the general budget. That money should be reserved for contingencies, said Donohue.

A possible solution is to set up a regional advisory committee with members from all three towns and the representatives from the school. Mattapoisett, Rochester and Marion will have to discussion the formation of the committee.