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Andover finance report: unaudited surplus estimate, auditors to begin in November
Summary
At the Oct. 22 Board of Finance meeting, the town administrator provided a full-year budget-to-actual statement showing the town likely ended last fiscal year with an unaudited surplus near $200,000 on the town side; final numbers will depend on the auditor, who is scheduled to begin work in November.
The Town of Andover's budget-to-actual report for the most recent fiscal year indicates an unaudited surplus on the town side of roughly $200,000, Town Administrator Eric Sanderson told the Board of Finance on Oct. 22.
Sanderson said he intentionally provided the prior fiscal year's full-year budget-to-actuals because the town is close to entering its audit period. "It appears that the…
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