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Finance director reports stronger year-to-date revenues, flags land-acquisition deficit and CIP balances
Summary
Finance Director Adriana Burnett told the Finance & Administrative Committee that year-to-date revenues are up compared with last year, capital improvement encumbrances remain large and a negative balance shown under land acquisition will require a May budget amendment.
Adriana Burnett, the town's finance director, told the Finance & Administrative Committee on April 20 that year-to-date revenues through March show improvement over the prior fiscal year while several capital accounts carry large encumbrances.
Burnett said the general fund collected about $3.1 million in March, compared with roughly $2.3 million the prior March; she said those March receipts included about $1.7 million in business license fees, $483,000 in property taxes and $258,000 in EMS revenue. She reported that, excluding…
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