Windsor has good financial year
Published 8:06 am Friday, December 11, 2009
WINDSOR—The Windsor Town Council learned Tuesday that, despite the sagging economy, the town’s operations for FY 2008-09 had come in well under budget.
In her presentation to the council, Certified Public Accountant Diane Smith showed council that general fund revenues were nearly $111,000 greater than expected, while expenditures were $260,000 less than budgeted. Smith was hired by the town to do an audit.
“I could find no problems,” she said. “In fact, you’ve had a very good year.”
In a letter to the council prior to the meeting, interim Town Manager John Rowe explained that the original $1.2 million budget had anticipated using $5,000 from the general fund balance in order to balance it, but this wasn’t necessary.
“The additional revenues have raised our general fund balance nearly $375,000,” Rowe said.
He credited workers in the clerk’s office with collecting delinquent taxes and fees. Because of their efforts, the town had received almost $88,000 in delinquent taxes and fees.
“I am both happy and proud to report that all of our departments lived within their budgets,” Rowe added. “In fact, our general fund expenditures were $260,000 less than those authorized by council.”
The Council also heard a briefing on the town’s storm water management plan.
Drafted by the Hampton Roads Planning District Commission, which revised the town’s Comprehensive Plan, the plan outlines measures that must be taken, including educating the public on ways to handle storm water and future regulations.
“This is a very long process,” Rowe said, adding that the town is already working with Isle of Wight County in handling storm water.
But, he said, the town is required by the state to have a storm water management plan in place by 2012 and suggests the town consider adopting a plan very soon.