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Scotland treasurer reports October finances: $2.62M in tax collections, $1.6M cash on hand
Summary
Treasurer David Zito told the Board that through Oct. 31 the town had collected $2.62M in current-year taxes (56.2% of budget), reported total revenues of $3.16M, and held $1.6M in General Fund cash with STIF accounts noted; FY25 capital spending and audit work were also reported.
Treasurer David Zito presented the October 2024 financial report to the Scotland Board of Selectmen, reporting that total current-year tax collections for the first four months of the fiscal year totaled $2.62 million, equal to 56.2% of the fiscal year budget. Back-tax collections totaled $40,600, which the minutes record as 135% of the full-year budget for back taxes. The treasurer noted total revenues of $3.16 million, or 51.3% of…
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