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Treasurer reports June receipts and fund balances
Summary
The town treasurer presented June receipts and account balances, including a $31,434.25 general-fund property-tax settlement and checking balances totaling $353,497.14; trustees discussed upcoming sewer transfer-switch costs and a $20,000 well repair item.
The town treasurer (Speaker 4) presented the June financial report and account balances to the council. "For the month of June and the general fund, we we receded in $31,434.25," the treasurer said, noting that the largest portion was the June property-tax settlement. He also reported a checking account balance of $353,497.14.
The treasurer itemized other funds: NVH receipts of $513.07, a water fund receipt of $19,951.54 with disbursements of $11,299.46 (balance $319,245.87), and sewer receipts of $11,693.54 with disbursements of $6,513.35 (balance $60,706.11). Council members raised upcoming capital and repair costs; Speaker 4 said there will likely be "that huge sewer plant bill for the transfer switch" in about one to two months and referenced a $20,000 bill already approved for well repairs.
