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Board hears about more than $100,000 snow-removal deficit; director explains budgeting approach
Summary
Finance Director Tony Genovese told the Board the snow-removal line shows a deficit exceeding $100,000 caused by supply purchases and described the towns budgeting method for snow removal uses an average year and Contingency for heavy winters.
The Board of Finance was told July 20 that the town's snow-removal account is more than $100,000 in deficit, driven in large part by purchases of supplies during the winter season.
Finance Director Tony Genovese reported the figure and explained the town budgets snow removal using an average winter, relying on Contingency funds when snowfall is above average. He said the snow-removal shortfall is a principal reason for several year-end adjustments.
Board members did not record separate motions to address the snow-removal deficit at this meeting; the discussion was part of the broader year-end financial review and will be reconciled in year-end accounting.
