from Board of Selectmen Meeting May 8, 2019
Inter-municipal agreement between Templeton and Hubbardston, MA
Accounting services - provider = Templeton & end user = Hubbardston.
APPORTIONMENT AND ASSESSMENT OF COSTS
The End User shall pay to the Provider per fiscal year as follows:
FY20 - $37,000
FY21 - $42,000
FY22 - $43,000
This is contingent on the End User’s receipt in FY20 of $30,000 in funds to offset the cost of
software conversions necessary to service both Town departments. It is further contingent upon
appropriation by Hubbardston and Templeton Town Meetings at their annual town meetings of
the necessary appropriations to fund the provision of and purchase of the services specified herein.
So, lets do a breakdown of this:
Beginning July 1, 2019, Hubbardston pays Templeton $37,000.00 for Templeton Town Accountant to work on Hubbardstons' books.
What this costs Templeton:
Templeton Town Accountant receives a $7,500.00 raise to do the extra work.
Part time person in accountant office goes full time at $49,780.00 + benefits.
(part time person was at $20,346.00 / $18,903 + floating pay at $1,443.00)
Benefits cost approximately an extra $25,000.00 (conservative)
$49,780.00 - $20,346.00 = $29,434.00.
So, 4th grade math equals . . . . . . . . . . . . . . . . $ 7,500.00 (accountant raise)
part time to full time . . . . . . . . . . . . . . . . . . . . $29,434.00 (part time person raise)
now full time benefits . . . . . . . . . . . . . . . . . . . $25,000.00
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$61,934.00
subtract Hubbardston payment . . . . . . . . . . . . $37,000.00
Templeton in the hole for . . . . . . . . . . . . . . . . .$24,934.00
Assuming the steady increase in health insurance benefit, yearly cost of living increases, merit raises and increases in retirement costs, it can be assumed Templeton will continue to come out on short end of this stick.
You may watch the selectmen meeting of May 8, 2019 to see this happen.
This makes no sense at all. Bad deal for us ! We need a full-time certified person in the Accounting Department, if we are you going to keep a accounting dept. at all. Being a good neighbor is fine, but not if it is going to cost all of us in the end. How many times to we as a town, have to go broke before we learn ? We need qualified people, or we need to outsource this department. When we are in a financial hole, we need to stop digging !
ReplyDeleteGiving thought to this post, how many of our Selectmen stopped to figure what this deal would cost us ? Gee, my thought is no one, but Selectman Bennett !!
ReplyDeleteThe numbers are already in the budget so even if Hubbardston declines we have raised our ability to tax more which I beleive is half the reason these "spend for relationship" with Hubbardston is to increase taxes.
ReplyDelete