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The original item was published from 8/19/2015 12:01:16 PM to 10/1/2015 12:00:02 AM.

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Posted on: August 19, 2015

[ARCHIVED] Fiscal Year 2015 Budget Close-Out

The Poolesville Commission adopted the fiscal year-end Budget this week , which closed out on June 30 2015. The FY 2015 General Operating Fund, adopted May 19, 2014, was developed with the intent to sustain all level of municipal services, programs and events while maintaining a constant tax rate and closed-out $53,142 in the good.
Both revenue and expenses were higher than anticipated. Increased highway funds from the State helped in covering the additional snow removal expenses incurred this year. Grants for Park projects were also received, which resulted in a $60,000 balance in the parks projects account beyond the balance discussed above.
The end of year cash balance was $2,711,005 of which $915,607 was unrestricted, and the remainder provides for maintenance, operations and project funding.
In conclusion, the FY 2015 Budget addressed the goals and priorities established by the Commissioners of Poolesville for the Town’s future. The budget is fiscally sound, addresses needs on a priority basis, and is balanced in accordance with State statutes.

FY2015 Close-Out
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