KINGFIELD — Selectmen finished their review of the 2014-15 budget Monday and will present it to the Budget Committee at 6 p.m. Monday, April 14, at Webster Hall. The public is encouraged to attend.

At the start of Monday’s meeting, the budget was approximately $884,852, which is about $80,000 more than last year.

Most of the increases are for equipment and services, Administrative Assistant Leanna Targett said. If there are no additional revenues, more money could be cut before the June town meeting to keep the budget the same as last year.

“I don’t know if we can pull $80,000 out of this, but we should make every effort to do it,” board Chairwoman Heather Moody said.

By the end of the meeting, selectmen trimmed approximately $20,000.

“This is still a work in progress,” Moody said.

Much of the conversation involved money set aside for future equipment and expensive repairs.

The town supports a gray water system and a wastewater system. The ratepayers on the wastewater system have a separate account.

Targett said Public Works employees do maintenance and repairs on both systems.

Selectmen agreed that if either of these systems failed, the town would have to borrow money to replace them, no matter how much money they kept in reserve accounts.

Originally, the Poland Spring Water Co. bottling plant had planned to truck the gray water it used to wash trucks to Farmington for disposal, because the Kingfield system could handle the volume.

After the town entered a 30-year Tax Increment Financing agreement with Poland Spring parent company, Nestle Waters North America, it borrowed money to expand their system. Poland Spring has been using the gray water system and paying the town $70,000 a year, which the town uses to pay for the expansion.

Some of those TIF monies have been allocated to planning funds, streetscapes, sidewalks and village parking fund.

The town is also being asked to give financial support to organizations that serve Franklin County. The Flagstaff Area Business Association, which has never asked the town for money before, has requested $6000. Among nonprofit requests are Webster Memorial Library, United Methodist Economic Ministry, Safe Voices, Work First, the Stanley Museum and Kingfield Pops.

In other business Monday, Targett said her original list of 19 foreclosures on properties with outstanding tax bills is now at five.