We switched to a fiscal year also to coincide with the school and I would
never change back! We did it on an 18 month budget with lots of advice from
our auditor. We have four quarterly payments a year for taxes and it works
very well. The money is coming in much better than when we had a 12/1 only
tax payment. Very rarely do I have to borrow money at the beginning of the
Kathy S. Middlemiss
St. Albans Town Clerk/Treasurer
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----- Original Message -----
From: "Tinmouth, Vermont" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Thursday, July 27, 2006 5:00 PM
Subject: Re: changing fiscal years
> Hi All,
> My Select Board is considering changing the town to a fiscal year to
> coincide with the school.
> So as their assistant I've been given the task of research. Can you all
> help me?
> Any pitfalls?
> Have you done it and not switched to quarterly payments? (We have two
> payments and I'd like to keep it that way.)
> Did you budget for 18 months or 6 months and then 12 months?
> Any advice on how to make sure it goes smoothly?
> Thanks very kindly.
> Gail Fallar