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<br /> X4.30 Report of the TREASURER
<br /> 8.00 General Cash
<br />;5.63: TreasureriTax Collector
<br /> 2.04 Additions
<br /> Receipts $12,069,807 1
<br /> 11.63 Report of the Treasurer/Tax Collector Bond Anticipation Notes 5,595,086
<br /> 6.0o Bonds 4,250,000 `
<br /> 0.00. During fiscal 1988, seventy-five (75) parcels * 399 335
<br /> Interest Income .
<br /> 2.99, were redeemed from Tax Title. Redemptions to- Transfer from Stabilization 423.607
<br /> 6.762 taled$68,833, with interest and charges of$26,667, h
<br /> 5.47' for a total received of$95,500. 2=335 =
<br /> 1.14 Eleven (11) parcels of land were foreclosed in
<br /> the Land Court. This increased Town owned land
<br /> 6.50 Deductions
<br /> 2.50= by approximately five (5) acres. At the present payments per Warrants 16,561,262
<br /> 1.39;:' time I have thirty (30) parcels of land in various Increase in Cash 6,176,573
<br /> 6.13 stages of foreclosure in the Land Court. I plan to Cash,July 1, 1987 3,075,297
<br /> 8.10; submit forty-eight (48) additional parcels for fore- Cash,June 30,1988 �9_251$.ZO
<br /> 5.75 closure in January 1989.
<br /> 7.38 As your Treasurer, I was able to earn $399,335 *Source of Interest Income
<br /> 6.76 of interest income for the Town. Of this amount, Proceeds of School Bonds $ 125,411
<br /> 0.00:' $187,505 was earned on bond and note proceeds.
<br /> 5.60'. Proceeds of Bond Anticipation Notes 62,094
<br /> 2.14 However, interest on General Funds increased General Cash-Other 211,830 A
<br /> 014 $54,70 over the last year, an increase of 35%. `
<br />).74
<br /> Fiscal 1988 also saw two successful bond sales. 3.29,33-
<br />).74 Bonds totalling $7,600,000 were sold to construct
<br />).74 our new school, $340,000 for our library and
<br /> 1.88 $139,000 for land purchases. We were able to
<br /> 1.88 maintain our favorable "A" rating from Moody's In-
<br />).00 vesters Service for these bond sales.
<br />).00. Following is pertinent information from both
<br /> 1.88 my departments.
<br />).00
<br /> 1.96
<br /> 1.63 Anne T.Shaw
<br /> i,00
<br /> ti
<br /> x.78 Special Accounts P
<br />.76
<br /> x.00 Transfers
<br />.56
<br /> x.06 Balance Additions Deductions To General Balance
<br /> 6/30/88
<br />,.08 7/1/87 -
<br /> i.00 $ 3,870
<br /> i.00 Samuel Davis $ 2,342 $ 5,300 $ 3,772 $
<br /> 00 __ 423,607 153,310
<br /> 00 Stabilization 312,729 264,188 -_ 17,877
<br />.00 Conservation 30,911 1,366 14,400 6,526
<br /> 059
<br /> 20, .,
<br /> 00 ! Unemployment 5,953 20,632 15,000 '
<br /> Dump Contract 15,000 203,565
<br /> 00 Pension Trust 139,577 63,988 "" 6,878
<br />.75 Public Works Const. 11,913 -- 5,035 "- 427
<br />.78 19,195
<br /> Library Const. 19,622 -" _ 51.728
<br /> Dredging 152620 179,290 280,182
<br /> g g , y- 42,643
<br /> _ 690 6(L7 $534764 ____
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