Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Expenditure Report topic
No spam. Unsubscribe anytime.
Budget committee flags $739,793 unexpended at midyear review
Summary
Chair Rob Collins reported the fiscal year is 51.5% complete, with the general fund run rate in line but $739,793 (about 15% of the budget) in lines showing no expenditures to date; several large lines over $50,000 have slower run rates.
Rob Collins reviewed the July 7 expenditure report, noting the town is 51.5% through the fiscal year and the general fund run rate is consistent with that midpoint. Collins highlighted that many budget lines have no expenditures to date, totaling $739,793, which represents roughly 15% of the total budget.
He also drew attention to several large budget lines (more than $50,000) showing slower-than-expected run rates, indicating areas the committee may want to examine further during departmental briefings or budget adjustments.
