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Council reviews midyear budget; clerk says $63,700 property-tax check arriving
Summary
Council received a December budget packet and discussed line-item variances, separate road bank accounting and upcoming audit costs. Clerk reported the county sent a $63,700 lump-sum payment for 2025, which will bring town finances in line.
Speaker 1 opened the fiscal midyear review explaining the packet contained December figures and department-level breakdowns (park, town hall, cemetery). The presenter emphasized that the council can reallocate funds midyear when needs change and that line-item variances should be monitored even when the overall bottom line looks healthy.
Council members flagged several line items (administrative professional/technical services and street repair) and asked about where road-project funds appear. The presenter said the road work uses a separate bank account that does not always display in the printed packet but is visible on the check register. He urged members to focus on the bottom line and audit-related impacts of large grant-funded projects.
On revenue timing, Speaker 1 told the council the county treasurer’s new practice is to send municipalities one property-tax payment the month after the calendar year closes. “The check for Walsbury Town went out this week for the 2025 calendar year, and it was $63,700,” he said, adding that the town expects the deposit to bring accounts up to projected levels. Members also discussed CDBG and drinking-water grant accounting and the need to classify incoming grant funds as 'work in process' until invoices are submitted.
