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Treasurer's report: Hochatown posts positive lodging-tax deposit and outlines road invoices
Summary
Trustees accepted the treasurer's report; the presenter cited a one-time back-taxes payment that inflated September lodging-tax receipts and reported both general-fund and road-maintenance expense figures.
The board approved the September treasurer's report after a presentation that included year-to-year comparisons and line-item detail. The presenter reported the town's general-fund balance and income and told trustees about a sizable lodging-tax deposit including a back-taxes payment that temporarily boosted receipts.
"General fund is $7,731,812 and 74¢," the presenter reported during the meeting and later noted an additional check for back taxes: "We received a check for a $189,189 and $485.89 for back taxes 2023 from May 2023 to October 2023." The presenter clarified that the one-time back-tax payment inflated the month's lodging-tax figure and provided an adjusted monthly figure for net collections.
Trustees also reviewed anticipated road-maintenance expenditures and invoices to be received; the presenter cited roughly $139,000 in expected road-related invoices and said the town had paid about $119,312.75 already. The board moved to accept the treasurer's report and approved the consent docket by roll call.
