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Selectboard reviews draft June 30 financials; audit to continue in September
Summary
Finance staff presented draft June 30 statements showing positive balances in the general, water and sewer funds; auditors will return in September and final figures will wait on audit completion and the Department of Revenue tax-rate timing.
Jody, who presented the town's unaudited June 30 financials, told the board the general fund was "$347,167 to the good," the water fund "$288,189 to the good," and the sewer fund about "$702 to the good." She stressed the numbers are draft "until the auditors are finished."
Jody said auditors made a preliminary visit and will return for a week in September; she estimated finalization would take "a few months" after that. Staff later noted that the Department of Revenue will not issue the town's tax rate until the audit is complete, which makes the audit timeline important to the town's budgeting schedule.
