Combined revenue increases and cost savings have given the town almost $5.9 million in extra money.
FY13 total revenues (everything but water/sewer) through June were about $3,909,484 higher than FY201 total revenues, a 3 percent increase.
Local receipts (permits, licenses, etc.) through
June are more than $1 million higher than in FY12, up 9.8 percent. Water collections were 7.3 percent higher than in FY12.
"We had greater than expected building permit activity," Town Manager Reginald "Buzz" Stapczynski said. "That's close to a million right there."
On the spending side, the general fund and enterprise fund expenses combined were more than $1.9 million million less than budgeted.
Cost savings came from a variety of sources as well, Stapczynski said, from energy conservation measures to unused personnel money.
"The departments are always urged by me to be careful of spending practices," Stapczynski said. "In April and May, we started watching departments and urging them not to spend money if they can avoid it. Sometimes government gets a reputation for spending non-money at the end of the fiscal year. We urge our departments and we watch them."
This surplus follows a long pattern in Andover."It's very similar to last year, when we had a $4 million surplus," "Over the last 20 years, our free cash has averaged, through good years and bad years, about $3.2 million.