From: "townadministrator" <townadministrator@templeton1.org>
Subject: RE: Revenue projections
Date: January 26, 2017 at 11:29:20 AM EST
To: "'Paul Grubb'" <grubbp@comcast.net>
Thanks for your kind thoughts - I am doing better and back at it:
I distinguish between baseline tax levy, the tax levy voted to be excluded from the normal and ordinary baselines, and new growth. I suspect that the numbers you are looking at do not use such distinctions but blend it all together. Given that exclusion tax levy income is directly tied to your outstanding debt - some of which remains yet to be floated - I generally do not project that until I am closer to Town Meeting. If you had cleaner accounting and better systems I could actually do so now but... We are where we are. Also, given that they are "wash numbers" (i.e. income matches expense) it does not have any impact upon the bottom line.
That bottom line to bottom line expense for FY ;19 is also intended to try to line everything up apples to apples.
If you think it is something else give me a shout and we can look at it.
Many Thanks
Carter Terenzini
Interim Town Administrator
Town of Templeton
160 Patriots Road
East Templeton, MA 01438
(978) 894-2753
-----Original Message-----
From: Paul Grubb [grubbp@comcast.net]
Sent: Thursday, January 26, 2017 11:09 AM
To: townadministrator <townadministrator@templeton1.org>
Cc: Wilfred Spring <185wilberdr@gmail.com>
Subject: Revenue projections
Hi Carter
I hope you are feeling better. The cold bug has taken its toll on quite a few of us.
Please could you explain the source of your January 12 revenue estimate, specifically for the actual property tax receipts? I have attached a worksheet that I’ve been working on which shows significant variances between your projections and mine. The largest variance comes from the actual collected amounts of property tax revenue.
My source for this data is the Advanced Reconciliation Report that I received from the tax collector’s office. I was attempting to identify the actual property tax revenue collected going back to 2012. I added together 2 rows from the Advanced Reconciliation report to arrive at the total property tax amount collected; Supplemental Tax & Tax. (Please see attached report with rows highlighted for FY2015.)
I want to be sure we are comparing apples to apples. Is the Advanced Reconciliation Report not the correct source or am I interpreting it incorrectly? Please let me know if I should follow up with someone else for this information.
I distinguish between baseline tax levy, the tax levy voted to be excluded from the normal and ordinary baselines, and new growth. I suspect that the numbers you are looking at do not use such distinctions but blend it all together. Given that exclusion tax levy income is directly tied to your outstanding debt - some of which remains yet to be floated - I generally do not project that until I am closer to Town Meeting. If you had cleaner accounting and better systems I could actually do so now but... We are where we are. Also, given that they are "wash numbers" (i.e. income matches expense) it does not have any impact upon the bottom line.
That bottom line to bottom line expense for FY ;19 is also intended to try to line everything up apples to apples.
If you think it is something else give me a shout and we can look at it.
Many Thanks
Carter Terenzini
Interim Town Administrator
Town of Templeton
160 Patriots Road
East Templeton, MA 01438
(978) 894-2753
-----Original Message-----
From: Paul Grubb [grubbp@comcast.net]
Sent: Thursday, January 26, 2017 11:09 AM
To: townadministrator <townadministrator@templeton1.org>
Cc: Wilfred Spring <185wilberdr@gmail.com>
Subject: Revenue projections
Hi Carter
I hope you are feeling better. The cold bug has taken its toll on quite a few of us.
Please could you explain the source of your January 12 revenue estimate, specifically for the actual property tax receipts? I have attached a worksheet that I’ve been working on which shows significant variances between your projections and mine. The largest variance comes from the actual collected amounts of property tax revenue.
My source for this data is the Advanced Reconciliation Report that I received from the tax collector’s office. I was attempting to identify the actual property tax revenue collected going back to 2012. I added together 2 rows from the Advanced Reconciliation report to arrive at the total property tax amount collected; Supplemental Tax & Tax. (Please see attached report with rows highlighted for FY2015.)
I want to be sure we are comparing apples to apples. Is the Advanced Reconciliation Report not the correct source or am I interpreting it incorrectly? Please let me know if I should follow up with someone else for this information.
posted by Jeff Bennett
I do think our Intern T.A. goes by the old saying, "If you can't dazzle them with brilliance, baffle them with bull shit." Sorry just more of his hocus pokus ! Temple Stuart and Baldwinville Products property is owned by a guy in jail. He owes the Town of Templeton big bucks, that I would guess we will never see. I do not know if the Town considers this revenue. What we bill is not what we get ! I guess that would be a problem. The number of homes that have been foreclosed keeps going up, but I think the bank may pay those taxes. Playing with numbers, inflating some, borrowing from Peter to pay Paul for years has got us where we are today. We need honesty, plain and simple. If we can not afford to keep our offices open, then cut them to three days a week, or whatever we can afford. We need a line item budget at Town Meeting in May, no excuses ! We cannot allow anyone to destroy our Town Government, and they will if we let them. My opinion, Bev.
ReplyDeleteWhat a bunch of bullsh..
ReplyDelete