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Robust Friends-Of-Prescott Financials Highlight Durable Community Support

‘The First Year Has Been Successful, and Moves This In a Positive Direction,’ said Town Manager Haddad
by Connie Sartini
 
Friends of Prescott Chairman Mary Jennings and Treasurer Bruce Easom provided the Select Board with their financial report on their first year as lessees of the historic Prescott School.
     The best news is that the Friends revenue number came in at $91,000. This included program income, room and office rentals, investments and direct public support. The classes alone generated $40,000, well above the projected $33,500. The total expense line was $91,000, which meant that the Friends did not need to use any of their $58,000 reserve funds.
     Town Manager Mark Haddad told the Friends, “You did the work you said you would do in the first year.” He added, “I see no reason that this will not continue in year two.”
     Selectman Josh Degen added, “You have demonstrated budget offset. This looks good to me.”
     Jennings said that now that the Friends understand the stable budget,“We will be able to provide more free community activities, and make space available for non- profits at no charge. In addition, we are planning a film series and a Crafts Fair on the first Saturday for the three months,” before the Holidays. She stressed, “We want to make this a Community Center.”
     “Overall the first year has been successful, and moves this in a positive direction,” Haddad said, adding that Bruce Easom had taken over the effort to get the sprinkler system installed at the school. He will be seeking bids from engineers, with the plan to get in in process in mid-October.
     Jennings added that once the fire alarms and sprinklers are installed, the State Fire Marshall and the Fire chief have advised that the Friends can then offer more classes to children. She said that they are finding that people want to rent more small private office space, and once the work is completed, offices of this size will be available on the second floor. Right now, she said there are four new leases for office space for next year. 
     Anyone interested in finding out more about the office rentals may call the Friends office at 978- 877-6933.
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