Finding Text
The Town was required to file annual reports detailing the expenditure projects which made up the reimbursable costs of the program. This was required even though the Town correctly elected to use the revenue replacement alternative of up to $10,000,000. The Town only filed one report in June of 2024, and accordingly, it did not file a report for the 2023 fiscal year resulting in the Town missing the reporting requirement for that year. Additionally, while the report filed in June 2024 had the correct category of revenue replacement elected on the report, the expenditures on the report were not the correct project expenditures approved by the Town Board Instead, the project expenditures reported had not been approved by the Town Board and should not have been used for reporting. Thus, the expenditures originally elected to be used by the Town were not correctly reported. As this effects only the reporting of the expenditures and not the election of the revenue replacement alternative, the Town, under the applicable criteria noted above, can file a corrected report prior to the end of the program.