The document is dated October 30, 2015 and it shows a box with borrowing: BAN or bond anticipation note otherwise called short term borrowing. The fiscal year 2017 has a line item of $10,000.00 for short term interest but shows no short term debt. Back to the box, BAN utilized during construction of new school. Borrowing rate of 3.5%, for 28 years. Debt forecasts include the reduction of NRSD debt of $438,000.00 in FY 2018/2019. That is a budget line item, so it looks like the plan is to use that already going out the door expense will just shift over to pay for the school, rather than for the town to use for savings and other things. I think what needs to happen is to have that as an article for town meeting. Let the towns people vote on it and tell them clearly what is involved with no sales pitch.

posted by Jeff Bennett

Hi Jeff,

I don’t not have any paperwork on the new school.  Maybe the selectmen’s office or the school.  If you are looking for general ledger information that would be Kelli.

Kate Myers

Town of Templeton

Treasurer/Collector

PH 978.894.2764

FAX 978.894.2790

From: jpb01468@comcast.net [mailto:jpb01468@comcast.net]
Sent: Wednesday, July 13, 2016 8:04 AM
To: Treasurer
Subject: Re: End of year transfers

Good Day,

       Kate,

   I am wondering do you have the latest project budget versus actual for the Templeton new elementary school? If you do and it is available electronically, could you send that to me? If it is not, please advise me when I could pick up a paper copy.

respectfully;

Jeff Bennett

How is it a Town Treasurer does not have any paperwork on a project of 47 million dollars? There has already been a vote of the Town on $1,050,000.00 and that money has been or is being spent now. That is a record of Town debt and a Town Treasurer has no paperwork? That seems to be a repeating problem, lack of process and procedure and transparency involving public money. 

posted by Jeff Bennett