Collections remain level with last June as low interest rates compared to the delinquency penalty encourage refinancing. This has helped reduce the delinquency and bankruptcy amounts as evidenced below. This will have adverse affect compared to previous years as far as transfers to reserves are concerned. By City request and on account of the vacancy in the Treasurer position, the parking fund will receive analytical support from the auditor s to further manage the receivable as we increase collection activities. Fuel price increases bare watching.
Departments report no unusual appropriation issues.
Water Resources reports a need to continue to pump water form the Contoocook incurring higher than normal Electricity expenses. Undesignated Fund Balance Final Undesignated General Fund Balance estimates for 2001 are not yet available. They are expected to be available for Fiscal Policy deliberations. All rights reserved.