Hancock finances look good thus far in 2024

From left, Hancock Town Administrator Jonathan Coyne and Select Board members Betsy Villaume, Jeff Brown and Ginger Smith.

From left, Hancock Town Administrator Jonathan Coyne and Select Board members Betsy Villaume, Jeff Brown and Ginger Smith. STAFF PHOTO BY CAMERON CASHMAN

By CAMERON CASHMAN

Monadnock Ledger-Transcript

Published: 06-19-2024 11:01 AM

Hancock is tracking at about the 50% mark on all of its financial accounts in 2024 so far, the Select Board learned during a budget review with Town Administrator Jonathan Coyne on Monday.

The town’s 2024 revenue to date was higher than was expected, which Coyne mainly attributed to the sale of the town’s 2013 Dodge Ram 5500 and its compatible plow, which was once used by the Hancock DPW. While the town expected to receive about $8,000 for the vehicle, it ended up selling for about $23,000 at State of New Hampshire Surplus Auction in Concord in May. Proceeds from the auction are going to offset town expenses.

The town also received some unexpected land use change tax revenue.

Coyne reported that while donation revenue currently showed in the negative, “it’s not actually negative – it’s just the way municipal accounting works.” This year, the town received donations for the repair and restoration of the church bell tower clock as well as the roof of the Fire Department. Both projects have been completed and the donations spent, but the funds still count toward the town’s revenue at the end of the year.

Coyne also noted that all overdue payments to the town were caught up. In August, the town will use the revenue generated so far to update the revenue estimate for the end of the year, which determines next year’s tax rate.

In another matter, Coyne said that town offices will be closed on Monday morning, June 24, due to both administrators being away during that time. They will reopen for normal hours in the afternoon.

Board members also noted that there are open seats on several town boards, and the town is looking for volunteers to fill them. In particular, the Budget Advisory Committee has low membership, and the planning and zoning boards have open seats to be filled. The Historic District Commission also seeks volunteers.

Anyone interested in filling these seats should contact the Hancock Town Offices.

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Next week, Hancock Fire Chief Tom Bates will report to the board about the process of applying for a state grant to construct a new fire station.