Mike Sullivan email today alerts the Board of Selectmen that town accountant, Joy Ricciuto’s rushed work on FY09 figures determined that the Town of Medfield had about $360,000 more than expected in free cash.
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10/01/2009 2:39PM
Free Cash Certification
Sullivan, Michael J.
“Michael Sullivan”
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2009 free cash certification is attached, Joy rushed her request so we would have free cash to appropriate at the October special. Somehow, she managed to come up with an increase in free cash, which will make it a lot easier. I was expecting a decrease of about $200,000 and she ended up with an increase of about $160,000. Last year’s free cash (July, 2008) was $1,393,769. This new free cash certification is $1,556,547. This should make it easier to use $200,000 or $300,000 in additional free cash at the October special to cover us in the event that the state makes additional 9C local aid cuts for fy10. I’m hoping we’ll have the full month September revenues available for Tuesday’s meeting with our state representatives. Mike
Osler ”Pete” Peterson
Medfield Select Board member
I started this blog to share the interesting and useful information that I saw while doing my job as a Medfield select board member. I thought that my fellow Medfield residents would also find that information interesting and useful as well. This blog is my effort to assist in creating a system to push the information out from the Town House to residents. Let me know if you have any thoughts on how it can be done better.
For information on my other job as an attorney (personal injury, civil litigation, estate planning and administration, and real estate), please feel free to contact me at 617-969-1500 or Osler.Peterson@OslerPeterson.com.
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