TREASURER'S REPORT FOR THE PERIOD FROM JULY 1, 1997 THROUGH JUNE 30, 1998

BEGINNING BALANCE - July 1, 1997 (per prior report)		$1,808,580.43
ADD:
Tax collection and other receipts	$8,907,552.01
Interest earned on investments	68,550.42
Current Expense (short-term) line-of-credit	335,782.67
Proceeds of tax anticipation borrowing	1,500,000.00
VT Bond Bank - police facility	500,000.00
Total Receipts		11,311,885.10
Total Available Cash		$13,120,465.53
SUBTRACT:
Disbursements made under warrants:
Payroll	$2,976,421.16
Vendor	7,595,960.03
Tax anticipation Note - principal - interest 4.19%	1,500,000.00 24,092.48
Fire Truck - balance	148,887.00
Current Expense Note - principal	335,782.67
(Line-of-credit) 4.25% - interest	2,478.48
Current Expense Note - principal	30,000.00
computer upgrade - interest 4.35%	3,904.13
Total Disbursements		12,617,52 5.95
Cash Balance June 30, 1998		$ 502,939.58
TREASURER'S REPORT FOR THE PERIOD FROM JULY 1, 1998 THROUGH DECEMBER 31, 1998
BEGINNING BALANCE - July 1, 1998		$ 502,939.58
ADD:
Tax collection and other receipts	$6,429,381.39
Interest earned on investments	37,853.13
Tax Anticipation Note due 6/16/99 4.01%	2,500,000.00
Total Receipts		8,967,234.52
Total Available Cash		$9,470,174.10
SUBTRACT:
Disbursements made under warrants:
Payroll	$1,573,017.85
Vendor	3,435,548.25
Current Expense Note - principal	30,000.00
computer upgrade - interest 4.45%	2,662.58
Total Disbursements		5,041,228.68
Cash Balance December 31, 1998		$4,428,945.42