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NVCOG reports modest surplus, audit timeline and office move plans
Summary
Staff reported financials through Oct. 31 showing budget-to-actual near one-third of the year and a current surplus of $220,000; auditors expect a final report soon, and staff outlined a planned March relocation to 1 Exchange Place in Waterbury with one-time move costs to be covered from fund balance.
Michael, NVCOG's finance lead, presented the financial report for the period ending Oct. 31 and said the board's adopted budget and the operating budget were in the meeting packet. He reported that, at roughly one-third of the fiscal year, budget-to-actual was about 32% and the organization showed a current surplus of $220,000, which he said was primarily due to frontline fees.
"Our budget to actual is 32%…
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