Costs as shown in FY2020 Spending plan:
Page 58A increase in Town Accountant / personnel
After Hubbardston agreement - $127,470.00
Before Hubbardston agreement - $ 90,000.00
On face value, it appears increase of $ 37,470.00
Increase
Town Accountant salary - $ 7,500.00
Increase
switch from part time to full-time - $49,780.00
Now benefits - approximately - $25,000.00
Net Increase - $61,934.00
part-time was $20,346.00 / no benefits
So, first year of accounting agreement with Hubbardston equates to a payment from Hubbardston to Templeton for $37,000.00 and Templeton taxpayers are on hook for additional $61,934.00 to cover this agreement. In the end, it seems this agreement benefits Hubbardston far more than Templeton, again!
Increase to Templeton . . . . . . . . . $61,934.00
Decrease to Templeton . . . . . . . . $37,000.00
Net increase to Templeton . . . . . . $24,934.00
Looking at the straight math, how does this benefit Templeton now and in the long run?
Was this part of a five year plan that was done in three years? Perhaps should have taken more time looking at plan?
Unless this arrangement is renegotiated it should be dead on arrival.
ReplyDeleteWhy are Templeton, Phillipston and Hubbardston paying $98,225.00 in salary for an uncertified accountant? If regionalization is about saving money why dont we try and do that? Templeton $70,000, Hubbardston $7,500 Phillipston $21,000 all salary for one uncertified accountant.
I'm sure Templeton,Phillipston and Hubbardston to attain a certified accountant for less than $100,000