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Wells EMS warns it could miss payroll within weeks, asks Select Board for emergency aid
Summary
Wells Emergency Medical Services told the Select Board it faces an urgent cash shortfall — about $122,300 on hand versus biweekly payroll needs of roughly $55,000–$58,000 — and asked the town for emergency funding or other support while it seeks a bank line of credit.
Wells Emergency Medical Services (WEMS) told the Select Board on April 21 that it faces an immediate cash shortfall and could be unable to meet payroll within weeks without town assistance or an operating line of credit. A WEMS board representative said the organization’s available balance is about $122,300 while biweekly payroll runs approximately $55,000–$58,000 and monthly medical insurance costs are roughly $12,000.
The presenter said revenue from…
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