Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Fund Balance topic
No spam. Unsubscribe anytime.
Budget officer proposes $395,000 in fund-balance offsets for lighting and highway accounts
Summary
Budget Officer Lara Hamrah-Poladian proposed using fund balance to offset multiple town accounts — $200,000 for A, $25,000 for B, $110,000 for DA and $60,000 for DB — and proposed adjustments to DA lighting lines to reduce what must be raised by tax.
Get email alerts on the Fund Balance topic
No spam. Unsubscribe anytime.
Budget Officer Lara Hamrah-Poladian proposed using fund balance to offset lighting districts and other accounts to reduce the tax levy required.
She listed specific allocations: "She has budgeted $200,000 of fund balance for A, $25,000 for B, $110,000 for DA and $60,000 for DB," and highlighted small lighting district figures: SL1 $500, SL2 $9,000 and SL3 $700. She offered an alternative tax-rate approach removing $60,000 from DA5142.2 and $31,500 from DA5142.21 while leaving $110,000 in DA fund balance.
The board discussed these allocations as part of broader budget balancing; Hamrah-Poladian said she can work a tax rate scenario to reflect the proposed fund-balance uses.
