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Finance director reports early fiscal‑year revenues, sales‑tax dip noted
Summary
Town finance staff presented November financials showing general fund revenues of $1.338 million through month two (about 11% of budget), expenditures of roughly $2.405 million, and a small recent decline in sales‑tax collections; staff flagged the trend for further analysis.
Town finance staff presented the monthly financial report through November and told council the general fund had collected $1,338,151 through the second month of the fiscal year, roughly 11% of the annual budget. General fund expenditures were reported as $2,405,647 for the same period.
Utility fund results: Water and sewer revenue collections through the second month were reported as $2,274,929, about 22% of the annual budget, an increase of roughly $277,335 from the prior year. Utility fund…
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