Today I will be booking the final year end encumbrances…as of right now this is the list of what I have.  Please review and make sure your FY 2016 bills that are still not received and not paid are on this list.   Any other bills for FY 2016 not on this list will have to be appropriated at the fall STM:

 Department                     Vendor                              Amount              Encumbered Account

Fire                                    MedStar                            350.00               Selectman Expense

Fire                                    Bound Tree                        320.00               Selectman Expense

Fire                                    Airgas                                 61.55               Selectman Expense

Fire                                    Town of Westminster          655.66               Selectman Expense

Fire                                    Airgas                                  69.34               Fire Dept Expense

Fire                                    Fire Tech & Safety          19880.00               Fire Dept Expense

Planning Board                   Staples                               175.00               Planning Board Expense

EMD                                  Staples                                308.33             Emergency Management Expense

Accountant                         Abrahams Group                6000.00             Town Account Expense

Accountant                         2016 Audit                        28000.00             Town Audit Expenses

Selectman                          Patriots Roast Beef              65.60              Town Building Expense

Selectman                          Dunkin Donuts                     30.11              Town Building Expense

Selectman                           Ricoh                                  399.86              Town Building Expense

Selectman                           Adobe PDF                           95.61              Technology

Selectman                           OPEB                              64608.00              Selectman Expense

Sewer                                 Staples                                100.00               Sewer Expense

Just to clarify…the above expenses are Bills that have not been received and paid in the final 2 FY 2016 Warrants.

Please let me know if you have any questions or need to add a bill…at this time.   I have to know by noon today.

Thanks so much for your help in getting this closed out.

                                          

Kelli Pontbriand

Accountant

Town of Templeton

978-894-2765

posted by Jeff Bennett

from Templeton MA website:
On a motion duly made and seconded the Town voted to appropriate the amount of Forty-Seven Million, Five Hundred Sixty-Three Thousand, One Hundred Eighty-Four Dollars ($47,563,184) for the purpose of paying the costs of designing, constructing, originally equipping and furnishing a new Templeton Elementary School located at 17 South Road, Templeton MA, including the payment of all costs incidental or related thereto (the “Project"), which school facility shall have an anticipated useful life as an educational facility for the instruction of school children of at least 50 years, and for which the Town, through Narragansett Regional School District, may be eligible for a grant from the Massachusetts School Building Authority ("MSBA"), said amount to be expended under the direction of the Templeton Elementary School Building Committee; and to meet this appropriation, the Treasurer, with the approval of the Selectmen, is authorized to borrow said amount under M.G.L. Chapter 44, or pursuant to any other enabling authority; The Town acknowledges that MSBA's grant program is a non-entitlement, discretionary program based on need, as determined by the MSBA, and any Project costs the Town incurs in excess of any grant approved by and received from the MSBA, through the Narragansett Regional School District, shall be the sole responsibility of the Town; provided further that any grant that the Town, through the Narragansett regional School District, may receive from the MSBA for the Project shall not exceed the lesser of: (1) Sixty-Two and Eighty-Four Hundredths Percent (62.84%) of eligible, approved Project costs, as determined by the MSBA, or (2) the total maximum grant amount determined by the MSBA; provided that any appropriation hereunder shall be subject to and contingent upon an affirmative vote of the Town to exempt the amounts required for the payment of interest and principal on said borrowing from the limitations on taxes imposed by M.G.L. 59, section 21C “Proposition 2 ½”; and that the amount of borrowing authorized pursuant to this vote shall be reduce by any grant amount set forth in the Project Funding Agreement that may be executed between the Narragansett Regional School District and the MSBA. Passed by 2/3/November 9th @ 8:14

So if 62.84% of eligible costs are less than 22.7 million, the town will get the smaller amount. Since the stated amount the Town would be responsible for was based off of 22.7 million, that 24 million dollar figure could go up. What all of this means is that no one can really say what the end total will be that the town will have to pay off. It is all a guesstimate. That should have been stated loud and clear.

posted by Jeff Bennett