EDIC Considers 2022 Budget, Projects, And Recruitment

By Calli Remillard
Falmouth Enterprise

The Falmouth EDIC December monthly meeting on Tuesday, December 14, was largely dominated by talk of budget, the technology park, and Falmouth Station as the board gets ready to begin a new fiscal year.

Executive director Wayne Lingafelter took to the lectern to present a short PowerPoint outlining the projected budget for the 2022 calendar year. Based on a select few budget assumptions and drivers, projected net income for the EDIC in 2022 is $88,296. Main sources of income include payments from the landfill solar array, retention of current tenancy at the Falmouth Station, and the projected sale of a parcel of land at Falmouth Technology Park. These, coupled with minimal projected expenditures and investments, would yield a projected base net income of over $240,000 before overhead and administrative costs are considered. To read more of this article click here.