1/12 Budget

Post date: May 26, 2020 3:14:38 PM

1/12 Expenditure Plan attached below. July has several one time payments (as it is normally the beginning of the fiscal year). To that end, you'll see July is higher than a smooth budget divided by 12. August is shown as illustrative at this point - in part, because I wanted to avoid doing the full exercise twice and also to provide context for a "normal" month.

The Notes column flags the non-routine expenses making July higher.

Guidance from the state also attached.

Note that the documents we actually have to file with Dept. of Revenue have not been released yet, so the actual eligibility may vary depending on whether they add additional clarifications. This calculation was done generously so the ultimate result both in what is eligible and what is actually spent will likely be less than this ceiling.

To that end, seeking approval from the Board of the proposed expenditure plan for July 2021 in amount not to exceed $1,353,158.36.