2011 Town Report - Town of Ludlow

TOWN TREASURERThe Town Treasurer is pleased to report that over five million dollars of General Fund monies remain invested interm investments with good interest yields. This is over and above the investments, which occur during tax paymentreceipts. This excellent cash flow remains possible due to the cooperation of both Assessors and Tax Collector’soffices. The Treasurer has collected as of December 31, 2011 the total of $145,000.00 on Tax Titles.TOWN OF LUDLOW TREASURER GENERAL FUND AS OF DECEMBER 31, 2011WERE AS FOLLOWS:Bank Account BalanceTDBankNorth Master 676,324.50Sewer 7,556.21Golf Course 743,384.97Golf Course Merchant 98,998.16Money Market 912,121.84Cafeteria 458,572.13Citizens Master 3,633,279.32Guaranty Deposits 1,097,071.09People’s United County Jail 73,485.16Water/Cops 237,157.79M.M.D.T. Money Market 102,609.59Berkshire Bank Money Market 2,043,899.19Unibank Money Market 6,357,527.90_________________16,441,987.85Payroll DistributionGross Payroll 32,178,279.08Fica 405,372.71Federal Withholding 3,198,852.91State Withholding 1,420,475.84Retirement 2,818,373.18United Fund 3,641.50Annuities 437,172.68Health Insurance 1,282,253.34Life Insurance 54,224.07Credit Union & Banks 21,432,233.92Union Dues 283,185.10Deferred Compensation 603,333.73Dental 126,712.52Aflac 13,948.20Other Withholdings 98,499.38TRUST FUNDS AS OF DECEMBER 31, 2011All trust funds are invested and receiving maximum interest:Citizens Stabilization Fund $ 862,134.15Bartholomew (Comm. Financial) 1,306,432.06Paine Webber Cemetery 103,646.85Morgan Stanley-Cemetery 858,939.53______________$ 3,131,152.5941