TOWN OF LUDLOW 2008 ANNUAL TOWN REPORT

TOWN TREASURER
The Town Treasurer is pleased to report that over five million dollars of General Fund monies remain invested in
term investments with good interest yields. This is over and above the investments, which occur during tax payment
receipts. This excellent cash flow remains possible due to the cooperation of both Assessors and Tax Collector’s
offices. The Treasurer has collected as of December 31, 2008 the total of $100,000 on Tax Titles.
TOWN OF LUDLOW TREASURER GENERAL FUND AS OF DECEMBER 31, 2008
WERE AS FOLLOWS:
Bank Account Balance
TDBankNorth Master 412,978.02
Sewer 131,389.79
Golf Course 912,799.75
Golf Course Merchant 90,606.87
Money Market 1,804,298.95
Cafeteria 512,591.88
Citizens Master 4,689,865.47
Guaranty Deposits 1,153,930.51
BWM County Jail 72,043.43
Water/Cops 232,504.87
M.M.D.T. Money Market 101,082.83
Berkshire Bank Money Market 1,984,011.99
Unibank Money Market 285,119.79
________________
12,383,224.15
Payroll Distribution
Gross Payroll 30,317,776.64
FICA 358,528.48
Federal Withholding 2,911,449.00
State Withholding 1,335,865.30
Retirement 2,657,888.26
United Fund 6,021.78
Annuities 489,259.03
Health Insurance 1,079,572.32
Life Insurance 55,501.95
Credit Union 429,566.04
Union Dues 254,842.70
Deferred Compensation 696,204.94
Dental 122,044.76
Aflac 5,930.56
TRUST FUNDS AS OF DECEMBER 31, 2008
All trust funds are invested and receiving maximum interest:
Citizens Stabilization Fund $ 854,468.79
Bartholomew (Comm. Financial) 1,384,792.81
Paine Webber Cemetery 1,240,096.62
___________
$ 3,479,358.22
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