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Woodbury treasurer reports general-fund shortfall, suggests close monitoring and possible transfers
Summary
Treasurer Lou told the board that the general fund is operating at a deficit (reported in the packet as $78,866) while the highway fund shows a surplus (around $232,402); she said she may recommend transferring highway funds to keep the general fund from going into deficit.
Woodbury’s treasurer briefed the Select Board on the town’s February financials, reporting a general-fund operating deficit and a healthier highway fund balance.
"The general fund is currently operating at a budget deficit of 78,866," Lou (speaker 11) told the board, and she noted that delinquent taxes are the largest revenue shortfall to date. She reported that the highway fund is operating with a surplus of about $232,402, and that the combined general-plus-highway position sits near $153,536.
Lou said that most large purchases are not currently in the queue but that she may recommend a transfer from the highway fund to the general fund to avoid an operating deficit. She also noted the HEERF fund and recent receipts that affect year-to-date balances and said she will produce a more detailed delinquent-tax comparison to prior years at the board’s request.
The board discussed fuel pre-buy credits and asked Lou to look into building-specific fuel use to see whether particular facilities are consuming more than expected. Lou said she would follow up with additional details and recommended close monitoring through the remainder of the fiscal year.
Why it matters A general-fund deficit affects the town’s short-term cash flow and could require intra-fund transfers, revised spending plans or newly prioritized expenses later in the fiscal year. The treasurer’s recommended monitoring and potential transfer would be an administrative step to maintain operations.
