2007-Annual Town Report - Laserfiche WebLink

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Motion: I move the Town vote to appropriate and The Board of Selectmen recommends approval by transfer $53,977 from the Interest Temporary Inside a vote of 5-0. Account to the Interest Outside Account; and further transfer $102,564 from the Interest Temporary Inside The Finance Committee recommends approval by Account to the Interest Inside Account. a vote of 5-0. Motion passes unanimously at 7:18 PM. Motion made by Selectman George Green. Article 4 Motion: I move Town vote to appropriate and trans- fer from Revenue Available for Appropriation$13,519 To see if the Town will vote to appropriate and trans- to the Foreclosure Expense Account. fer from available funds $37,925 to the Debt Service Account, or take any other action relating thereto. Motion passes unanimously at 7:20 PM. Submitted by the Treasurer Article 6 Explanation: General obligation bonds were issued To see if the Town will vote to appropriate and trans- in October 2006. This bonding incurred expenses fer from available funds $31,176 to the Trans Trust totaling $48,349. The budget of $17,500 was over- Unemployment Expense Account, or take any other spent for the year by $37,925 due to the bonding. action relating thereto. Although we incurred debt issuance expenses, we also Submitted by the Treasurer recognized a premium in the amount of$45,616. This premium is recognized in the Premium On Bonds Explanation: Employees of the Town and the School (Revenue) Account and is considered an offset to the Department were laid off and subsequently collected expenses incurred by the sale of bonds. unemployment monies. The budget is set annually in the amount of $60,000. This year the anticipated total The Board of Selectmen recommends approval by expenditure will amount to$104,037,of which,$23,429 a vote of 5-0. is attributed to the Town and$80,608 to the School. The Finance Committee recommends approval by The Board of Selectmen recommends approval by a vote of 5-0. a vote of 5-0. Motion made by Selectman Don Myers. The Finance Committee recommends approval by a vote of 5-0. Motion: I move the Town vote to appropriate and transfer from Revenue Available for Appropriation Motion made by Selectman Wayne Taylor. $37,925 to the Debt Service Account. Motion: I move the Town vote to appropriate and Motion passes unanimously at 7.19 PM. transfer from Revenue Available for Appropriation Article 5 $31,176 to the Trans Trust Unemployment Expense Account. To see if the Town will vote to appropriate and trans- Motion passes unanimously at 7:21 PM. for from available funds $13,519 to the Foreclosure Expense Account, or take any other action relating Article 7 thereto. To see if the Town will vote to transfer from the Submitted by the Treasurer Department of Public Works Salaries Account $11,904 to the Department of Public Works Building ` Explanation: Legal expenses were incurred during &Grounds Expense Account, or take any other action the tax taking of twenty properties. relating thereto. Submitted by the Department of Public Works 39