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Wells reviews beach enterprise finances; staff warns limited reserves as board considers multiuse pass pricing
Summary
Finance staff reported a November fund balance of $193,443.42 and a roughly $147,000 seasonal loss in the most recent season; the board discussed multiuse-beach pass revenue sharing, restroom CIP needs, lifeguard payroll increases, and whether to change the $50 multiuse sticker price.
Town beach and finance staff presented a seasonal and fiscal-year review of the Beach Enterprise Fund at the Dec. 3 meeting. Staff reported a fund balance of $193,443.42 (Nov balance) and described large year-to-year swings—seasonal surpluses in earlier years and an estimated ~$147,000 loss in the most recent season—largely driven by payroll and increased contracted services.
Staff…
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