The Durham Volunteer Ambulance Corps has taken in about $111,000 since July 1, 2011, according to financial records recently provided to the town's Board of Finance.
The amount was announced during Monday night's and is significant because the nonprofit agency had .
When asked about the financial statements, finance board chairman Fran Korn said he had received the documents late last month after making to the ambulance corps for the information.
Officials say the documents are needed to determine how much the corps should receive from the town.
The documents reveal that the ambulance corps has received $111,276.95 from billing income for the period of July 1, 2011 to March 24, 2012. Over the same time period, the company paid $129,027.04 in expenses, resulting in a current deficit of $17,645.34.
The majority of the expenses — $109,351.55 — went to payroll and taxes, acccording to the documents.
Records for the previous fiscal year show that the ambulance corps received nearly $159,000 in billing income. After expenses the company had $10,398.10 in net cash assets.
While the ambulance corps requested nearly $62,000 in next year's budget, the finance board has approved $27,985. In the two previous years, the corps received $36,555 from the town.
"I'm satisfied with it as it was presented," Korn said when asked if he was satisfied with the information. "I think it really depends on what the budget requests are in the future. If there are requests for significantly higher funding levels I think we would have to have more information, that's all I can tell you."
Korn provided further details on the nearly $28,000 amount the corps will receive under the budget proposal, which includes $10,500 for medical supplies, $6,000 in training and $2,000 for physicals.
$3,000 is needed for vehicle maintenance, he said.
The budget also includes a $132,065 reserve account for a new ambulance, to which there are no additions in the proposed budget.