SUBMITTED BY             Ann-Marie Geyster                DISTRICT                       Narragansett RSD
PHONE                          978-939-5661                        DATE RECEIVED                         12/22/14
FIELD REP                    Deb Wagner                          DATE SUBMISSION COMPLETE  12/22/14

EXCESS AND DEFICIENCY CALCULATION 

BEGIN:
            UNRESERVED FUND BALANCE/EXCESS AND DEFICIENCY                          163,647
LESS:
         OTHER RECEIVABLE, OVERDRAWN ACCOUNTS, DEFICITS
 Preschool Revolving                                                                                                        23,196
 HS Donation                                                                                                                       283
 STARS GT                                                                                                                          601
 Phillipston Police Scholarship                                                                                                 91
 Frenier Fund                                                                                                                          21
 Biomass Boiler Project                                                                                                     24,938


 OTHER ADJUSTMENTS:
                                                                                                                                                -
                                                                                                                                                -
                                                                                                                                                -
TOTAL CERTIFIED UNENCUMBERED EXCESS AND DEFICIENCY                              114,517

UNENCUMBERED E & D IN EXCESS OF 5% CALCULATION 

OPERATING AND CAPITAL BUDGET                                                                        18,721,986

5% OF BUDGET                                                                                                             936,099

TOTAL IN EXCESS                                                                                                                  -

REVIEWED BY:              DEB WAGNER                         PLEASE SEE CERTIFICATION LETTER
DATE:                                   03/19/2015                 FOR DIRECTOR OF ACCOUNTS APPROVAL


posted by Jeff Bennett

Something to be aware of:

According to a document from the department of revenue, that was submitted by the Town of Templeton on march 27, 2014, this showed a deficit or in the red amount of $26,899.00. When I see the numbers provided and do the simple math, addition and subtraction, I come up with $26,900.00. The main point of interest to me is, with this amount showing in the red or a deficit, why was anyone from the selectmen talking a fund surplus of any amount, never mind $750,000.00? When you have paper work showing red, negative numbers or deficit, why talk of surplus?

The thing that immediately comes to my mind is being told what someone thinks I want to hear, "all is okay, there is going to be surplus money, we have it under control. This makes it look good and makes it possible to get something big passed, like a 47 million dollar school.

The fact remains, this document existed, was provided to the DOR by the Town and the selectmen chose to tell a different story. There was no mention of this when talking about the financial records of 2013. You decide if you should trust or believe anything from the current board of selectmen.


posted by Jeff Bennett