TOWN OF KENSINGTON
BOARD OF SELECTMEN
BUDGET WORK SESSION
Approved January 14, 2008
Work session began at 7:09 pm.
In attendance: Rich Powers, Mike Motherway and Mike
Schwotzer
Budgets were reviewed. It was agreed that the Recreation Committee ski trips and summer program financial data should be moved from the budget to the revolving account previously established as there is neither an expense nor revenue for the town. It was also noted that expenses for programs could be paid through the “revolver” in advance of revenue receipts.
While the Police Department salary line item increased significantly, $10,500 is the town’s 25% portion of the grant. M. Schwotzer recommended the 75% state’s income portion to the town of $31,500 be entered into the state’s income line. Also recommended was paying special detail wages and expenses out of the established revolving account with the income being deposited there as well rather than using a liability account and transferring the revenue at the end of the year.
Minor adjustments were made resulting in a reduction of $29,852 from initial requests. The overall increase was less than 5%. The payroll tax formula appeared to need adjustment as the amount reflected was too low. An estimated $10,000 adjustment was entered so when the formula is corrected, it should only result in a small additional increase. M. Schwotzer agreed to look at it tomorrow.
The work session adjourned at 8:58 p.m.
Respectfully submitted,
Denise Gregson
Administrative Assistant