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Board of Finance approves 10 equal AES levy payments from July through April

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Summary

The Anadrova Board of Finance voted unanimously to pay the AES district in 10 equal installments beginning in July and running through April, after discussion about matching school cash flows and future reporting needs.

The Anadrova Board of Finance on July 23 approved a levy-payment schedule for the AES district that divides the town’s annual allocation into 10 equal payments from July through April. The board voted to accept the schedule as proposed after discussion about school cash-flow needs and reporting.

The item was presented by the treasurer, who said the proposed schedule matches the AES district’s request and is reflected on page 2 of the packet. "So from RAM, we get a broken out levy schedule for both operating and capital expenses," the treasurer said, explaining the district typically requests allocations based on its historical monthly expense patterns. The board was told AES prefers equal monthly payments over the first 10 months of the fiscal year.

Board members debated whether to provide an initial larger payment for immediate July expenses or to ask the district for a more detailed month-by-month levy statement. Several members noted July and August are months when schools place many orders for the coming year; one board member said that July and August can be heavy months for back-to-school purchasing. Others said historical reports have often shown material year-end spending, and recommended asking AES for a multi-year look-back to better align town disbursements with the district’s actual expense timing.

After the discussion a motion to accept the 10-equal-payment schedule was moved (mover not specified in the record) and seconded by Bill. The board voted and the motion passed unanimously.

The board asked the treasurer to follow up with AES and requested that future correspondence seeking a more detailed levy schedule include all board members on the distribution list. Members emphasized they want more granular reporting going forward but had no objection to meeting the district’s current request for this fiscal year.