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Public hearing in Trenton draws quiet crowd - The Ellsworth American

Public hearing in Trenton draws quiet crowd - The Ellsworth American
ellsworthamerican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ellsworthamerican.com Daily Mail and Mail on Sunday newspapers.

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Fiscal year 19-20 a strong one for Trenton - The Ellsworth American

Fiscal year 19-20 a strong one for Trenton
TRENTON The town is in a financially strong position after the 2019-20 fiscal year, according to an audit provided by James Wadman, CPA, of James W. Wadman Certified Public Accountants in Ellsworth.
Wadman shared his analysis at a Jan. 26 meeting of the Board of Selectmen.
According to the audit, the town’s total ending balance is about $1.9 million, with $784,135 of that in surplus funding.
That figure is about 18 percent of the town’s total expenses.
“Being in the 18 percent range is a real, real strong financial position,” Wadman explained.
He said that according to the Maine Municipal Association, the minimum recommended rate for municipalities is 10 to 12 percent. ....

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