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Scotland treasurer reports balanced books; state grants approved for safety complex and hall repairs
Summary
Treasurer David Zito told the Board of Selectmen that current-year tax collections are at 100% of budget ($4.7M) and total revenues are $6.32M; the town also reported $248,651 in state funding approved for the Municipal Safety Complex and community hall repairs with a $27,628 town match.
Treasurer David Zito presented the town’s May financial report at the May 28 Board of Selectmen meeting, saying current-year tax collections for the 11 months ended May 31, 2025, totaled $4.7 million (100% of budget) and back-tax collections totaled about $80,000. Total revenues for the year were reported at $6.32 million, also shown as 100% of the full-year budget.
Zito said General Fund cash on May 31, 2025, totaled $1.1 million, with $377,000 held in one STIF investment account and $588,000 in another STIF account for investment and other funds; interest earned in FY2025 between the two STIF accounts totaled $37,800. He detailed FY25 capital expenditures through April — including $52,300 for fire department equipment, $23,600 for Kemp Road bridge engineering and $20,100 for Town Hall renovation — and said $263,000 remained in CNR funds.
The board reported state grant approval of $248,651 for the Municipal Safety Complex and community hall repairs and upgrades; the town match for that funding is $27,628. The treasurer said the Town Hall renovation has incurred $232,000 in costs with $206,000 received in reimbursements to date, leaving the town’s portion at roughly $26,000 so far.
Zito added that the FY26 budget was approved at the June 5, 2025 Town Meeting, that the FY26 audit fieldwork is scheduled to begin the week of July 14, 2025, and that the town is exploring financing options for upcoming bridge projects with CPA and bond counsel.
