The Town of Brookfield ended 2022 in good financial shape, Town Supervisor Loren Corbin said.
At last week’s Reorganizational and Regular meeting, Corbin reviewed the final budget status for last year. He said he was happy how 2022 ended, although nervous earlier in the year.
The Town received $252,000 in federal recovery funds. Brookfield used $200,000 of that, plus another $183,000 of their savings, to fully pay for a new Gradall last year.
In 2021 the Town ended the year with about $620,000 in unbudgeted savings. Last year ended with about $585,000.
Corbin cited a number of revenues that exceeded budgeted predictions. These included payment from the Oneida Nation for the Yellow Brick Road Casino, better interest on investments and about $15,000 more in state and mortgage taxes.
Overall, revenue was up $43,000 over budget. In addition expenses were $29,000 lower than budgeted.
Corbin went over the Town’s replacement schedule for trucks in the Highway Department. One truck was paid off last year and another will be paid off this year.
Those debt payments will…