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Wellington treasurer: 2024 operating revenues near $21.3 million; audit delay leaves $2.3 million with county
Summary
Finance director Nick Reedavid told trustees that Wellington’s unaudited 2024 operating revenues were about $21.3 million and operating expenditures ran well under budget, but a delayed audit has left roughly $2.3 million in property tax receipts held by the county pending state and county processing.
Nick Reedavid, Wellington’s finance director and town treasurer, told the Board of Trustees in a work session that unaudited, cash-based figures for 2024 show operating revenue of about $19,000,000 and property tax receipts of roughly $2,300,000 — a combined $21,300,000, or about 98.5% of budgeted revenue.
The report, presented as the town’s 2024 year-end treasurer’s report, said operating expenditures came in well under budget (about $14,400,000, or about 83.1% of the adopted budget), and capital projects (excluding loan‑funded projects such as treatment plant work) were also under budget at about $3,600,000.
Why it matters: the town showed strong expense control across most departments, but…
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