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Rutland reports preliminary fiscal-year surplus; town to decide Cortina fund use for police carryover
Summary
Town treasurer Carrie Clark presented preliminary fiscal-year balances showing a general-fund surplus and department-level excesses; discussion focused on how much Cortina funds (police-related settlement money) to allocate to close the police budget while reserving remaining Cortina funds for capital.
Town clerk and treasurer Carrie Clark reported preliminary year-end figures that show an estimated general-fund excess of $291,140 and department-level surpluses in police, fire and recreation. Clark cautioned the figures are preliminary, do not include Cortina-related items in all accounts and are subject to the auditor’s year-end adjustments.
Clark said the police budget included Cortina settlement funds and that, as the board previously discussed, the town should not allow temporary or one‑time Cortina revenue to be swept into general capital without explicit direction. Board members agreed to convene a joint police-and-finance committee meeting to determine the exact Cortina balance, allocate the amount needed to zero out the police budget and preserve any remaining Cortina funds for capital improvements as previously authorized.
The board discussed timing: the town’s “cash-to-open” balance will be replenished by property-tax receipts after the September tax cycle, giving staff time to plan if temporary borrowing or reallocation is needed for large projects. Carrie Clark and board members agreed to schedule a follow-up meeting to confirm final audit numbers and finalize the Cortina accounting decision.
