[Editor's note: A brief summary of The Town of Paris' financial situation will be prepared for the public, periodically. The information is public knowledge, but Forrie Everett, budget chairman, asks the finance clerk ahead of time, and pays for any copies himself. He will present the information at selectmen's meetings as long as he is allowed to, and his informal report will also be posted in "The Paris Reporter".]
As of 9-28-09, check book balance [for Town of Paris] is $344,395.20
Tax money for September 09 is $115,289.78. (The norm for September is $210,000.00 to $220,000.00, so tax money seems to be coming in slowly.) In October 09 we should take in over $1,000,000.00, due to escrowed accounts that will come in around the middle of the month.
The town has paid former Town Mgr. Jackson about $39,000.00 and Interim Town Mgr. Thorne $7,200.00 so far. Attorney fees from 7-01-09 to 8-31-09 were $3,275.07; $2,606.07 of that amount was paid for Jackson law suit. Total left in the account designated for legal costs is a little over $4000.00.
We still have some very large payments to make. State Revenue was down this month - only $7,173.77. This happens every now and then. If Interim Town Mgr. Thorne keeps an eye on the $$ we should make it to November tax deadline ok. If not, we will need to take out a TAN [tax anticipation note].
Submitted 9-28-09 by Forrie Everett, Ch., Town of Paris Budget Committee
