Summary
HOULTON While the municipality's 2010 annual audit showed no financial irregularities, it did reveal that the town's surplus account has shrunken significantly in the past year.
Officially called the undesignated fund account, surplus money has been used to offset taxation and lower or maintain the mill rate. It also has helped the town deal with unexpected costs.See the full content of this document
Extract
Houlton's Surplus Funds Low
But the surplus fund account now stands at $256,000, well below what the town's auditor has recommended for the past de...
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