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Subject:
Item Title: Accurately Allocating Shared Expenses May Benefit Your General Fund
Summary:
Cities and towns across the state will soon gear up to prepare budgets. It appears that local finances are going to be tight once again and property tax disbursements may be delayed. In light of this situation, it is even more important for your community to make certain that budgeted expenses are properly allocated between the general fund and your community's utilities.

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To ensure compliance with U.S. Treasury Department Regulations, we are required to advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including any attachments, is not intended or written by us to be used, and cannot be used, by anyone for the purpose of avoiding federal tax penalties.