Sign In  |   Join  |   Forgot Password
in
Overcast, Breezy, 38° F      Jobs   Classifieds   Homes   Wheels   Help
What's your 06?

Fiscal Year Clean-Up

Posted by Shore Publishing on Nov 13 2008, 03:47 PM
Filed under: ,

 

By Becky Coffey, Harbor News Senior Staff Writer:

WESTBROOK:

 

    Four and a half months after the fiscal year ended, voters approved transfers of funds from town capital reserve accounts and from the unappropriated fund balance to cover shortfalls in last year’s department accounts. With the vote to appropriate or transfer funds, the town treasurer’s office is now able to close out the fiscal year and allow the town’s auditors to complete their work.

    Among the items approved by town vote was an appropriation of $40,000 from a reserved capital account to purchase new updated software for the tax collector’s and assessor’s offices. The existing software is antiquated and will no longer be supported by the supplier.

    The other transfers will provide funds to pay two outstanding bills from the last fiscal year to be paid: one for $2,918 to cover over-expenditures for overtime in the resident troopers’ accounts and one for $260 to pay outstanding invoices from the Zoning Commission for placing legal ads in the newspaper.

    The town meeting also took action to accept a $20,000 grant awarded to the town by the State Office of Policy and Management. The grant is to support the ongoing work of the town planner and Planning Commission to update the town’s Plan of Conservation and Development. All state grants must be accepted before the funds can be spent.

    What failed at the meeting in a close vote was a proposal to adopt an ordinance that would allow the town to prepare pro and con summaries to inform voters of the two sides of issues that face major town-wide votes.

 

Comments

No Comments
© Copyright 2008-2009 The Day Publishing Co.
About zip06 |User Agreement |Privacy Policy |Contact |Help |Advertise