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Selectmen approve treasurer’s report; board reviews budget items and tax-collection rates
Summary
At its Aug. 11 meeting, the Winter Harbor selectmen approved the treasurer’s report, reviewed account balances and investment values, and heard a budget request to list borrowed amounts separately and to raise sinking funds.
The Winter Harbor selectmen approved the Treasurer’s Report dated Aug. 7, 2025, during their Aug. 11 meeting, and reviewed account balances and recent changes in investment values, minutes show.
The record lists a Trio-General Ledger balance of $613,251.14 (as of Aug. 7, 2025) and a six‑month certificate of deposit of $105,382.87. Investment values are recorded as $3,499,504.31 on May 31, 2025 and $3,522,980.90 on June 30, 2025. Payroll and accounts-payable totals are listed in the minutes as Town P/R #6 $15,974.72 and Town A/P #7 $470,904.80, for a combined total of $486,879.52.
The Tax Collector’s Report (approved 3-0) shows taxes receivable and collection percentages: FY25 receivable $30,730.02 (98.75% collected) and FY24 receivable $5,610.55 (99.74% collected).
During a budget discussion, Sandy Fortin requested that borrowed amounts be listed separately in budget documents, asked that sinking funds be raised, and requested additional information from budget members to improve transparency. The minutes record the request but do not show any immediate board directive or vote on the proposed changes.
During public comment, resident J. Jacobs asked whether capital improvement plans are in place; Selectman S. Ribble also asked whether letters could be sent to Planning Board members who have not been attending meetings. The minutes note these items for follow up but do not record a decision.
Why it matters: the figures give a near-term picture of town finances and tax-collection performance; the budget requests, if adopted, would change how borrowed amounts and sinking funds are displayed and managed.
What’s next: the minutes do not specify immediate budget actions or timelines; any changes to budget presentation or sinking‑fund policies would require further discussion or formal action in future meetings.
