Right now, the end of year expenditure report shows Insurance and Benefits having an ending balance of $141,304.00 left over after paying all the expenses; this is the third year in a row that there has been a six figure leftover amount - which rolls into unassigned balance (commonly referred to as free cash) Seems there is a pattern of putting in front of town meeting more than needed appropriation for insurance and benefits. I do not think it wise to try and appropriate to the penny, but 3 years in a row you have at least 100 thousand dollars left over, something needs adjusting. (Note: there was end of year transfers out of insurance and benefits too)
You can find this information on the Templeton Town website.
2018 remainder 320,948.70
ReplyDelete2019 remainder 238.867.36
2020 remainder 141,304.00 only after we transferred out how much in year end transfers from I&B????
This has been Carters piggy bank (one of them) that he overbudgets and cost the taxpayer 50 cents per $1000 on their taxes so we can roll over free cash and take 50% of that for working slush.............
I brought this up 3 yrs running during budget season and was informed the money was needed for insurance and Benefits ..........and I'm still not laughing!