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Finance officer reports account balances, disbursements and upcoming water-loan payment
Summary
The town reported a main checking balance of $147,346.60 and November disbursements of $9,055.55. The finance officer said an ACH for the quarterly drinking-water loan payment (about $4,317) will be set up, and the Department of Labor waived roughly $2,200 in late fees for past filings.
Finance officer (speaker 5) presented interim financial figures and disbursement lists at the Nov. 3 meeting. She said the main checking balance as of the end of September was $147,346.60, with the general fund around $118,003.06 and separate water funds and meter accounts listed. For November disbursements she reported $9,055.55 and asked trustees whether the town should switch to ACH for quarterly water-loan payments.
"For November disbursements, as of right now, we're at $9,055.55," the finance officer reported, and later estimated the first quarterly water-loan payment at "It's, like, $4,317." Trustees agreed to allow the finance officer to set up ACH debit for the scheduled Nov. 15 payment. The chair also reported that the Department of Labor waived interest and penalties for certain prior-year filings, avoiding more than $2,200 in late fees if paid by the deadline.
