$31m. in the Bank


At the end of the fiscal year, 6/30/11, the Town of Medfield had $31,103,640.09 in cash.  About $13m. was School Building Assistance reimbursement monies being held to pay off the debt on the school building borrowing, $9m. was various trust funds the town holds for things like pensions and health insurance, and the rest was mainly the float on the town’s operating monies.

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