The Town’s revenues are trending higher than anticipated, Town Manager Kevin Smith reported at the Town Council’s Monday meeting.
As of Jan. 1, the Town has seen $1.2 million more in revenues than last year, according to Smith.
“Because of that, we jumped up the revenues expectation for FY16, so to see we’re still running almost 7 percent higher than we anticipated is pretty extraordinary at this point,” he said.
The Town is seeing the greatest impact in motor vehicle permit revenues and building permits, which have already brought in about 96 percent of the projected revenues.
On the expenditures side, Smith said the budget is running a bit over because payments are front-loaded and flatten out at the end of the fiscal year.
Where expenditures are projected to be at 58.3 percent by January, the Town’s expenditures as of Jan. 1 were at 61.2 percent, compared with 62.2 percent at this time last year.
Smith noted both the Police and Fire Departments are running under budget.
“There are no surprises on the expenditure side,” Smith said. “The economy is healthy in Londonderry and things are running pretty well right now.”
In other business at Monday night’s meeting:
• The Town Council voted 5-0 to expend $19,027 from the Expendable Maintenance Trust Fund to replace a sign and flag pole lights at South Fire Station ($1,164); to replace exhaust fans at the South Fire Station ($1,254); to replace HVAC (heating, ventilation and air conditioning) controls at the Police Station ($9,950); for light repairs at North Fire Station ($1,984); to repair the rear entry tile area at North Fire Station ($1,175); and for the creation of a five-year retro-commissioning to check performance of the HVAC system at North Fire Station ($3,500).
• The Council approved a request to relieve recently appointed Planning Board member Suzanne Brunelle of her full-time position and re-appoint her as an alternate member of the Board.