Clerk Treasurer reports $41.1 million in receipts through June, fund balance up $3.4 million

Clerk Treasurer Eric January reported to the council Tuesday that through June 30 the town recorded $41,148,759.19 in cash inflows and an increase in fund balance of $3,414,566.78 for the period.
January said charges for services totaled $1,000,774.15; fines, forfeitures and fees were $3,283,784.46; and license and permits brought $973,139.45 through June 30. He said a category called "other receipts" — which can include borrowings — totaled $16,274,442.93 and that taxes and intergovernmental transfers were $21,000,843.20.
On the expenditure side, January reported outflows of $37,734,192.41 through June 30; personnel services made up close to 50% of that total at $17,265,700.92, and debt-service payments were $4,508,200.25. Those flows produced the net fund-balance increase.
January also reported a cash balance of $50,655,435 at the end of the period. He said he would prepare comparative figures for license and permit revenues versus last year for council review.
Council members did not ask for additional budget actions at the meeting; January characterized the current budget position as slightly over targeted budget percentages and said the town was "paying attention to our money."