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Scotland treasurer reports $2.5M in general fund cash, motions to research two-year audit extension
Summary
Treasurer David Zito reported preliminary July financials showing $2.5 million in general fund cash, detailed collections and CNR balances, and the board authorized the treasurer to research a two-year extension with the current audit firm Mahoney/Sable.
Treasurer David Zito presented the Town of Scotland’s preliminary financials for the month ending July 31, 2025 and briefed the Board of Selectmen on several fiscal items, including cash balances, tax collections and the audit contract.
Zito reported total current year tax collections of $2.43 million for the one month ended July 31, 2025, representing 50.5% of the fiscal year budgeted amount; back tax collections totaled $8,800 and interest on back taxes was $1,500.…
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