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Trustee presses town manager after profit-and-loss figures don't match 2025 budget
Summary
A trustee confronted the town manager about a March profit-and-loss statement that listed $836,625 total income while the board-approved 2025 budget shows approximately $822,000; the manager said incomes had not yet been consolidated and promised to follow up.
During the town-manager report, a trustee raised substantial concerns about the profit-and-loss statement presented in the packet. The trustee compared the figures to the board-approved 2025 budget and said the totals did not align.
"The the total income figure that you're showing, on this statement is 836,625. Our budget has a different number," the trustee said, pressing the manager for an explanation about why total income and expense percentages appeared to be incorrect and why some budget lines were blank.
Town Manager Caleb Patterson acknowledged the packet showed the chart of accounts rather than a consolidated budget view and said staff had not yet consolidated incomes. He apologized for the apparent errors and said he would inquire about and clarify the discrepancy in follow-up communications to the board.
Why it matters: Trustees rely on timely, accurate financial reporting to set priorities and monitor spending. The discrepancy prompted requests for corrected statements and clearer documentation of percentage and line-item data in future packets.
Next steps: Manager committed to providing clarification and corrected consolidated income figures; trustees requested more complete and precise financial pages in the next meeting packet.
