Just like that: Templeton highway supplies fund is down $13,573.34. At recent advisory committee meeting, it was stated by members, "there is plenty of money", so I was looking at a couple weekly warrants to be paid and a total of $13,573.34 has been spent from the highway supplies fund, bringing it down from $151,512.87 to $137,939.53, just like that.
Now, those dollars have not yet been spent, they are in the warrants to be paid, kind of a look into the future of how quick the money can go. What is there in another 3 or 6 months will tell the story. There is always financial analysis that can be looked at, which I did not see. Such as in FY18, there was $6.53 left, in FY19, there was $2,938.24 left in highway supplies, in FY 20, there was $12.25 left and in FY21, there was $39.74 left and that is available to all. Odds are, there will be little left in highway supplies at end of FY22. Opinion of a simple ole guy from Templeton.
Highway budget voted on at Town Meeting was $702,500. That is Bobs budget to "get er done" and just because the BOS decides they want to use a Omnibus budget at town meeting and a Line item budget for spending doesn't make it a reality..............lol. Another thought process that needs to be fixed IMHO
ReplyDeleteThe Highways Departments last 3 years budgets the lowest remaining balance was over $12,000 dollars which is 3 times the number being whinned about by Administration.
ReplyDeleteOH, by the way. When town meeting votes to approve the $355,000 dollars going into the 3 stabilization funds doesn't the Financial Management Policy of the BOS state that a matching $355,000 becomes the TA's "working funds"? What exactly are those for and how do I find them on the BvA? Expense report? How are those funds tracked so we know the TA isn't overdrawing on the portion he has control over?