FY17 Free Cash Certified by the Department of Revenue

Winchendon's Free Cash from the FY17 budget was certified by DOR on Friday, October 13th.  Below are the Free Cash amounts for the General, Water, Sewer and Transfer Station Funds.  

General Fund                       $1,372,558.00

Enterprise Fund -  SEWER  $   814,173.00

Enterprise Fund -  WATER  $   281,520.00

Enterprise Fund -  TRANSFER STATION  ($14,168.00)

As part of the deficit legislation Winchendon is required make principal reductions on the outstanding debt by using any Free Cash over the annual bond payment.  Winchendon's current bond payment is $300,000.  The Town Manager will be requesting to retain $500,000 in Free Cash.  Free Cash in the amount of $400,000 is being proposed for use to fund capital purchases that will be considered at the November 13th Fall Town Meeting.