Friday, February 1, 2019

Posted on the website of the Division of Local Services (DLS) is the December report of meals tax distribution. Templeton is listed as receiving 13,370.00. Report from town accountant shows amount to be $13,369.91. That amount plus the previous $4,384.31 = $17,754.22 in meals tax dollars to Templeton.

The magic number is $42,000.00 for the year (fiscal year)

from the 2nd quarter financial report of the town accountant:

Revenue Trends:
General fund revenues as a whole are doing ok, we are at 45% of budget, so under where we should be, but we have taken in a large amount of revenue the first part of January. I think will more than make up the 5%. As we have now received two of the meals tax payments, it shows we are on target or even higher for the $42,000.00 budgeted for revenue.

Town needs to receiver at least $12,000.00 for the next two cycles to hit just under $42,000.00:

$42,000.00 minus $17,754.22 + $24,245.00. 

Also, stated in 2nd quarter report is the Veterans benefits fund will need a transfer of up to $20,000.00 end of year. This will involve the Advisory Committee if the selectmen / Town Administrator do in fact request end of year financial transfers to fix their budget short falls, again! Sure glad we have all these good numbers. Little ole appointed people to the rescue again! Bailing out that superior elected board is a full time job.

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