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Treasurer reports strong May, posts mid-year financial totals and account balances
Summary
Town Treasurer Steve Rickards reported May was strong and called it the best fiscal year on record; financial exhibits attached to the minutes show Total Revenue $184,556.55, Total Expenditures $120,751.10, Net Position $63,805.45 and total bank fund balances cash on hand $1,078,981.29.
Town Treasurer Steve Rickards reported to council that May had been a strong month and described the fiscal year as the best on record. He told council real estate tax and decal bills would be mailed on Friday.
The financial exhibits attached to the minutes show: Total Revenue $184,556.55; Total Expenditures $120,751.10; Total Net Position $63,805.45. The minutes list detailed line items (cigarette tax, restaurant meals tax, utility receipts, decals, grants) and bank fund balances across accounts, with total cash on hand reported as $1,078,981.29. The minutes also record collection-rate summaries for real estate and personal property taxes for prior years.
Town Treasurer Steve Rickards also informed council that outstanding water bills had reached approximately $25,000. The minutes note that utility accounts and remaining Mountain Valley Estates lot plans were active items for staff follow-up.
