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advertises and then holds a public hearing on the preliminary budget and makes any necessary final revisions prior to adopting the budget. The Town’s operating funds consist of a general fund, highway fund, water district, sewer district, drainage district, fire protection district, and lighting district. The Town provides various services to its residents, including general governmental support, maintaining and improving Town roads, snow removal, public improvements, recreation and senior activities, water and sewer. The Town’s operations are predominately financed by sales tax, real property taxes, mortgage tax, snow removal contracts, and water and refuse charges. Following is the 2021 adopted budget figures, broken down by operating funds, along with the 2020 adopted budget total for all funds for comparative purposes. Figure 1: 2021 Adopted Budget Financing Sources Appropriations Real and Provisions Estimated Appropriated Property Fund for Other Uses Revenues Fund Balance Taxes General $2,804,316 $2,519,316 $285,000 $0 Highway 1,650,453 1,305,631 0 344,822 Water 3,112,454 3,112,454 0 0 Sewer 350,519 210 0 350,309 Drainage 11,518 0 0 11,518 Fire Protection 1,104,608 20,991 0 1,083,617 Lighting 50,000 0 0 50,000 Total for 2021 $9,083,868 $6,958,602 $285,000 $1,840,266 Total for 2020 $9,384,458 $7,300,304 $198,439 $1,885,715 Our review found that while developing 2021 budgetary estimates for significant revenues and expenditures, Town officials adequately considered the pandemic’s impact on financial operations. If you have any questions on the scope of our work, please feel free to contact Julie Landcastle, Chief Examiner of the Statewide and Regional Projects Unit, at (607) 721-8306. Sincerely, Elliott Auerbach Deputy Comptroller cc: Patricia King, Town Clerk Jeffrey D Mazula, Regional Chief Examiner 3