FM: Jeff Bennett

To:

• Adam D. Lamontagne;
• AdvisoryCommittee Templeton;
• Currie, Michael;
• Rivard, Matthew;
• Toth, Timothy;
• Griffis, Terry;
• Richard, Julie

Thu 9/21/2023 8:12 AM

Looking at work sheet for free cash from DLS/DOR, one can see Templeton undesignated fund balance began at $1,502,631.00 and after all deficits, receivables and overdrawn accounts were subtracted (paid out of free cash/undesignated fund balance) the town ends up with net free cash of $674,546.00. If the town administrator thinks that is good budgeting, I would hate to see what he considers bad budgeting. Poor money management cost residents a bit over 800 thousand dollars. Nice job everyone.

Jeff Bennett