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East Kingston finance officer reports $26,700 potential return to taxpayers, legal invoices ongoing
Summary
Finance officer Michelle told the board on April 13 that after recent expenses and encumbrances the district could return roughly $26,737 to taxpayers, but outstanding purchase orders and additional legal invoices (district portion $7,072 to date) could change that before close on April 24.
Michelle, the district finance officer, presented updated finances to the board and said that at the last meeting the district showed remaining expenses of $142,164 and that this month’s expenses totaled $43,948, leaving a remaining expense balance of $98,216 as of the meeting. She said additional revenue entries and the trust passed in March would put the district in a position to return approximately $26,737 to taxpayers if encumbrances and outstanding charges do not…
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