On August 11, 2021

FY2020 Killington finances were better than expected

By Curt Peterson

KILLINGTON — Town manager Chet Hagenbarth told the Select Board on July 20 that Killington’s unaudited finances show a $90,000 net surplus for the June 30 end of FY2020.

It will be some time before the books are officially audited, but internal records show the surplus came about during a year burdened with the Covid pandemic in quite interesting ways.

“Both expenses and revenue are up,” Hagenbarth said.

Using the FY2020 budget figures as a guide to expectations, the net increase in revenue came from unanticipated sources.

For example, property tax revenue was almost $80,000 lower than budgeted. But the deficit was more than made up for with delinquent tax collections of more than $145,000, producing a net tax revenue gain of $25,000.

Other notable revenue windfalls include $40,000 of unbudgeted fees and miscellaneous income from the Town Clerk’s office, $26,700 from recreation and $18,400 from solid waste.

Uncontemplated in the FY2020 budget was $152,000 in federal and state grants.

The short-term rental registration program, which garnered Killington $108,500, was all unanticipated income and should show a surplus after expenses.

All revenue columns, though, were not cast in rosy light — police department income was $23,000 less than projected, which, selectmen opined, might be because of less traffic during the pandemic shut-down.

The local options tax produced $59,000 below budgeted expectations.

Regardless of the sources, net FY2020 revenue was $182,900 more than assumed in the budget.

On the other hand, Killington’s FY2020 expenses were $90,500 over budget.

Planning and zoning costs exceeded the budget by $46,700, solid waste expenses were over by $20,000, facilities maintenance cost $25,300 more than budgeted, recreation by $12,700, and vehicle expenditures by $29,392. The police budget was under by $31,900, according to Police Chief Whit Montgomery.

When the town’s auditors have scrutinized the financial records there will be inevitable adjustments, but Hagenbarth seemed confident in the figures he presented.

Do you want to submit feedback to the editor?

Send Us An Email!

Related Posts

Wellness Revolution Rutland welcomes women to join the August session

July 17, 2024
Biking program builds health, empowerment, and community  Blue Cross and Blue Shield of Vermont (Blue Cross VT) and Terry Bicycles are welcoming the return of the Wellness Revolution Cycling Program in Rutland for the 2024 season. This free program serves those who identify as women to help them break through barriers that keep them from getting…

‘They threw up a white flag’

July 17, 2024
Saving Evergreen for posterity By Julia Purdy When the Vermont General Assembly approved the bylaws for the then Pine Hill Cemetery in Center Rutland, the bylaws allowed lot owners to hold meetings if warned 15 days ahead. That was in 1860. That right was exercised 164 years later, on May 22, 2024, when 75 current…

Sunnymede Farm Store wins summary judgement

July 17, 2024
By Curt Peterson UPDATE, July 18: The HPC has chosen not to appeal the summary judgment regarding the Sunnymede store. On July 8, the Vermont Superior Court, Environmental Division, issued a summary judgement in favor of Sunnymede Farm’s application to construct a “farm store” on the former Lamb Farm property on Route 5 in Hartland.…

Rutland runway reopens, more upgrades on the way

July 17, 2024
After a seven-week closure, a newly renovated runway at Rutland Southern Vermont Regional Airport (RUT) is now open, the Vermont Agency of Transportation (VTrans) reported, July 3 in a Facebook post.  “The runway has been rehabilitated with fresh pavement and LED runway edge lights, which are already a hit with pilots touching down and taking…