Skaneateles town finances 'very good'

Rich Ward of Cuddy and Ward, an accounting firm based in Auburn gave his summary of an audit of the town’s financial records at their April 18 meeting.

“The town is in very good shape financially,” Ward said.

Ward reported that the town budget was balanced and all accounts were “in the black” except for the street light fund, which was only about $200 over-drawn.

He said that the town currently has about $4.8 million in assets and $1.7 million in its general fund.

The only upcoming problem the town will have to handle is debt service for its recent capital project to rebuild two bridges, Ward said.

The town recently put out a bid for a bond to pay for the bridges, but voted to issue a bond anticipation note at its April 4 meeting after receiving no bids.

In other business:

— Town Supervisor Terri Roney reported that the town received five bids from web design firms for the contract to redo the town website – townofskaneateles.com. The town will decide which firm to give the contract to after consulting with the town employees who will be the primary users of the site.

The most expensive of the bids was more than $20,000, well over the $5,000 to $9,000 estimate that Roney initially reported at the board’s March 21 meeting.

— Roney read a letter from Seniors of Skaneateles notifying the town that they voted on April 2 to dissolve their organization as of June 30 due to lack of participation. The group will be donating leftover funds to other community groups before they officially disband.

Joe Genco is the editor of the Skaneateles Press. He can be reached at editor@skaneatelespress.com.

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