Tuesday, December 6, 2022

Charlestown RI FD - sitting on $2M

https://drive.google.com/file/d/1033rImrJT1cGJaVL7Jnq5Ti6bOvGTC3b/view

2020 financial report

not quite sure why they are sitting on $2M - they have 400K set aside
for new apparatus - they have $4M in assets which are probably rigs
and stations - salaries are only 100K - they have $3M in bonds to pay
off but that seems doable (only costs $200K per year) - they get
$800K in taxes every year

there is some info here about comms and dispatch costs

anyone know why they would have $2M in the bank?

looks to me that they could do a 3 year tax holiday and not even miss the money

what am I missing here?

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