What is Free Cash?
IT IS NOT
FREE and IT IS NOT CASH
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Free Cash is the surplus from a previous fiscal year
Revenue over forecast –
Unexpended appropriations
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Defined by state statute
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Certified by the State each year
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Must create Free Cash each year
Overestimate
appropriations to generate enough “free cash” to have to spend / fund things.
In Templeton we use STABILIZATION FUNDING to adjust for lack of for site from Reactioners, A new term for managers who chase their tails fixing issues rather than managing..........
ReplyDeleteThe town needs to have a plan and stop making bad choices that cost us money in the end. Bad choices cost us valuable funds in lawyers fees, and have hampered our growth. This is as good a time as any.
ReplyDelete