The town of Bridgewater has approved setting up a reserve for snow clearing. Council members have agreed to set up a policy to provide funding for costs not included in their operating budget. The policy allows for funds to be set aside when snow clearing costs are less than budget. It also allows the funds to be withdrawn when costs are greater than budget. The reserve has a $125,000 cap. The town's surplus or deficit for any given year will be impacted by the amount of transfer to and from the reserve.
Sunday, August 19, 2012
Bridgewater Approves Snow Clearing Reserve
The town of Bridgewater has approved setting up a reserve for snow clearing. Council members have agreed to set up a policy to provide funding for costs not included in their operating budget. The policy allows for funds to be set aside when snow clearing costs are less than budget. It also allows the funds to be withdrawn when costs are greater than budget. The reserve has a $125,000 cap. The town's surplus or deficit for any given year will be impacted by the amount of transfer to and from the reserve.