ANWSD surplus comes from several sources

At their Nov. 15 meeting Addison Northwest School District board members contemplated how best to make use of a $1.86 million surplus a preliminary audit confirmed for the end of the 2020-21 school year.

City audit shows surplus, reveals accounting woes

VERGENNES — Longtime professional auditor Teresa Kajenski brought some bad news and some good news to the Vergennes City Council at its Feb. 9 meeting. The bad? For the first time in the many years Kajenski has been working with the Fothergill Segale & Va … (read more)

ANWSD likely to record surplus

VERGENNES — The Addison Northwest School District should run a surplus for the current fiscal year, according to Director of Finance and Operations Elizabeth Jennings. Jennings reported a probable surplus in a report to the ANWSD board she wrote last week … (read more)

Middlebury tax surplus eyed for major projects

MIDDLEBURY — This year’s Middlebury town meeting warning will include funding requests for major infrastructure projects, including a new passenger rail platform, water main replacements, flood mitigation work in the Middlebury River, and the repurposing … (read more)

Use of surplus will mute impact of Midd. budget

MIDDLEBURY — The Middlebury selectboard on Tuesday got its first glimpse at an $11.5 million draft fiscal year 2021 municipal budget that reflects a spending increase of $359,105 or 3.2%. But town officials are proposing to apply enough surplus funds to l … (read more)

Middlebury weighs tax surplus targets

MIDDLEBURY — Middlebury residents at next year’s town meeting will again be asked to use some of the $2.5 million in accrued local option tax surplus to reduce property taxes. Town leaders will spend the next few months asking residents how much of the su … (read more)

Middlebury seeks input for $2M reserve

MIDDLEBURY — Middlebury residents will be asked at an Oct. 29 meeting to advise town leaders on what to do with the more than $2 million in local option tax surplus that has accrued since the special 1-percent assessment on sales, rooms, meals and alcohol … (read more)