Audit
Jeff Mitchell and Sandra Tondreau, formally presented the results of their company's annual audit of the Town's books for the fiscal year ending June 30, 2013.
Mitchell & Company found the Town's books to be in order and received the complete cooperation of the management during the audit process.
The Town's General Fund, Mitchell noted, was getting stronger every year. As of June 30, 2013, the General Fund had a balance of $1.1 million. Given an annual budget of $1.5 million, he said, "this was an excellent ratio."
The Town holds assets totaling some $16 million in three separately audited funds: 1. the Water/Sewer Fund (covering only the operations of the town's water and sewer systems); 2. the Health Center Fund (covering income, expenses and charitable grants from the town-owned "Health Center Building"; and 3. the General Fund covering all other Town income and expenses.