Templeton fiscal year schedule A versus fiscal 2017 spread sheet presented to Town Meeting:


If you go to the Templeton Town web site and find the 2017 operating budget document, and if you find and look at page 10 of the excel spread sheet, you can look at long term debt, under heading of debt service - long term.

look at the column titled FY 2015 and scroll down to debt service - long term.
What you will see is principle on long term debt - $1,287,024.00
What you will see is interest on long term debt    - $              0.00

On the Templeton schedule A, for fiscal 2015 is long term debt -            $1,007,597.00
On Templeton schedule A, for fiscal 2015 is interest on long term debt   $  279,427.00
The total is the above figure of -                                                           $1,287,024.00    


Perhaps not a big deal, but why not show the people who pay the bills, what exactly it is costing them to have this one million plus dollar debt on the books?

Would that be called transparency?

Would complete transparency be a good idea for a 47 million dollar project?

What would the total interest cost be on 24 million dollars over 28 years at 3.5%?

The above is not a lecture, it is information and a few questions for thought.



posted by Jeff Bennett