Monday, March 28, 2016

Good news people. . . .

I believe I have already posted this, but in case I did not, Templeton assessment for Monty Tech is going up $97,000.00 from last year and health insurance costs will increase 7.9% or $78,000.00, leaving un-allocated funds for fiscal 2017 at $47,000.00.

The Town Administrator stated that the fiscal 2013 books are almost complete and an audit on them should begin next week. It is hoped that fiscal 2014 will follow when complete. Fiscal 2015 books are in good shape so that year should go quickly. The old certified free cash was mentioned again.
The T/A also mentioned that the school district just received word that they have $335,000.00 in surplus funds, as in the E&D fund, (sort of like certified free cash for a town or city).

Jeff Bennett

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