Is this good management of taxpayer dollars?
Templeton selectmen propose to use ambulance receipts to fund general fund budget, while they propose to lease an ambulance to include estimated $32,000.00 in interest. Under the capital plan, ambulance purchase price quoted is $297,000.00, so fire chief asks for $300,000.00 while the T/A suggests $315,000.00. Draft warrant proposes 5 year lease at $56,000.00 for five years = $280,000.00 and also asks for additional $70,000 so as to keep purchase lease amount as presented. Added together, that is $350,000.00, so when asked why so much extra money for ambulance, borrowing costs / interest of $32,000.00. So, February expenditure report shows $250,000.00 in ambulance receipts, now if $50,000.00 from free cash was added to that 250K, ambulance purchased outright, town does not spend $32,000.00 on borrowing costs and that $32,000.00 is $10,000.00 less than the capital plan dollar figure of $42,000.00 for a new suv police cruiser. The extra 10K needed is right there from the proposed $70,000.00 in draft warrant article #33. Ambulance bought out right, new police cruiser with $10,000.00 left over.
I can hear the selectmen response; "we need that ambulance receipts money to balance the general fund budget"
I look at the fiscal year 2018 end of year report and see $595,784.17 left over from expenses. That money rolls over to so called certified free cash, so perhaps there is a little padding going on regarding expense appropriations? If the same happens in fiscal year 2019, then total expense appropriations require a hard look as that is simply too much left over from expenses that are sold as very tight.
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