Wednesday, February 1, 2017
Financial Update ?
Well wonders of wonders, the budget to actual was just released to the Advisory Committee as part of the Quarter 2 update. Please note that the figures in the BvA are current as of 12/31/16 - a month ago. The Quarter 2 Report was dated 1/19/17.
Areas of concern:
So Snow & Ice is running a deficit as of 12/31/16. Unemployment is running low and will need a transfer from the Reserve account sometime in March - should be interesting.
Other transfers that may be needed - Town Counsel, Inspection services pay ( isn't that the office of developmental whatyoumacallit?) Long term debt principal/interest may need "further adjustment".
Long term debt principal/interest may need "further adjustment".
Isn't the next MFOB meeting March 8th? Shouldn't we know what "further adjustments" need to be made to our long term debt principal/interest BEFORE the Town of Templeton takes on an additional
$47 million dollars of debt for the elementary school?