[RP TownTalk] Town Budget

[Sarah Wayland]

Here's a link to the budget that Alan Thompson posted:
http://www.thompsonward2.org/20100501FY2011MayorsProposedBudget.pdf

On page 5, last section ("RESERVES") is listed a line item "Revenues
to Replenish Operating Reserves" in the amount of $213,749 for FY
2010, and with proposed amount of $184,638.90 for FY 2011. This same
amount is also entered on Line 8 of page 1 of the proposed budget
(page 2 of the posted PDF.)

Is that what you are talking about Bruce?  (It's obviously in the
current budget, so I have to admit to being confused by what you
wrote.)

Also, I see no mention of funds for the community center in the
proposed budget. The last mention of the community center I can find
on the town website was in October of 2009 from the minutes for the
legislative session. They reported that the Community Center Public
Hearing was held on September 19th, and legislation was passed in
September forming a Community Center Advisory Committee. I've heard
nothing since that time about the Community center. Perhaps that is no
longer in the budget?

As Councilmember Thompson said in his message earlier today, the
council is meeting tonight (Monday) and again on Wednesday at 7:30 in
Town Hall at 5008 Queensbury Road to discuss the budget. If you have
concerns, I'm sure they'd be grateful if citizens would come out to
the meeting to let them be known.

-Sarah



On Mon, May 17, 2010 at 2:28 PM,  <bruce.wernek at mindspring.com> wrote:
> Hi Alice
>
> I talked to Alan Thompson at the Farmer's Market and he said the Town is not including ~$200K it has in the bank in the budget.  Recall, this was the money Archer wanted to use for the Riverdale community center.  I'm not sure how the accounting is being done, but I've never heard of assets being off the balance sheet.  The budget should include all assets and liabilities.  How can you ask for a tax increase when the Town has funds in the bank which are not in the budget?  Before any tax increases are considered, this balance must be put into the budget.  This money belongs to the taxpayers and must be made public so the residents have an understanding of the fiscal state of the Town.
>
> If I've missed something, bear with me.  I just could not find the line item for these funds in the budget.
>
> Bruce
>
>
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-- 
Sarah Wayland
sarah.wayland at gmail.com