Saturday, July 13, 2019

Attended the Advisory Committee meeting last night and 2 take aways during discussion on financial transfer:
An expenditure report shows one fund, Information Technology shows a current negative balance: $97,000.00 appropriated and $101,476.07 spent. A question might be, is that deficit spending? Is that correct procedure in this instance? The second item was when revenue was talked about - Department of Revenue approved budget for general fund of $16,307,959.94 and actual received revenue is shown as $16,864,942.75 and the revenue shows a remaining balance of $307,993.59. When I do the fourth grade math, that is $16,864,942.75 minus $16,307,959.94, the answer I get is $556,982.81. That is a difference of $185,187.22.
The pre-town meeting had the largest audience in attendance in some time, which was good to see. It is a meeting worth watching.

No comments:

Post a Comment