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FY2016 Operating Budget Annual Town Meeting May 11, 2015.

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Presentation on theme: "FY2016 Operating Budget Annual Town Meeting May 11, 2015."— Presentation transcript:

1 FY2016 Operating Budget Annual Town Meeting May 11, 2015

2 Budget Building Blocks REVENUE $25,091,848 $25,091,848 STATE AID: $ 848,130 TAX LEVY: $ 21,198,188 LOCAL RCPTS.: $ 1,540,808 FREE CASH: $ 1,284,460 OTHER: $ 294,299 ENT. FUND IMPACT: $ 552,388 (C.S. charges): ($ 626,425) EXPENSE & SAVINGS $25,091,848 OMNIBUS $12,006,682 ASRSD ASSESSMENTS $10,815,455 NVRTHS ASSESSMENT $ 705,284 OPEB (GASB 45)FUNDING $ 577,585 STABILIZATION FUNDING $ 577,585 Raise articles capital assets $ 359,075 all other raise articles $ 50,182 KEY FACTORS: Health Ins $104k increase (premium increase) ASRSD increase $435K; NVRTHS assessment $122K increase (increase in students) $217K increase in police, fire, public works BALANCED BUDGET WITH $578K TO STABILIZATION & $578K TO OPEB

3 FY2016 REVENUE PROJECTIONS

4 Revenue Projections FY2015FY2016$ Change% Change State Aid848,130 00.0 Taxes20,572,76221,198,188625,4263.0 Local Receipts1,468,8081,540,80872,0004.9 Free Cash1,695,4261,284,460(410,966)(24.2) Other121,245294,299173,054142.7 Total Revenues24,706,37125,165,885459,5141.9 Charges(513,027)(626,425)(113,398)(22.1) Available for Appropriation 24,193,34424,539,460346,1161.4

5 Taxes FY2015 RECAPFY2016 ESTIMATE PROPERTY TAX BASE$17,940,301$19,351,784 STATUTORY BASE – 2.5%$448,508$483,795 NEW GROWTH$962,975$300,000 UNUSED LEVY CAPACITY($894,362)($900,000) SUBTOTAL$18,457,422$19,235,580 DEBT EXCLUSION OVERRIDES$1,100,322$ 950,729 NEW DEBT EXCLUSION – SCHOOLS$1,015,018$1,011,879 TOTAL TAX LEVY$20,572,762$21,198,188

6 CHARGES DescriptionFY2015FY2016 State Cherry Sheet Charges 89,41489,425 Overlay Account314,185300,000 Appropriation Deficits109,428237,000 Total Charges513,027626,425

7 FY2016 OMNIBUS BUDGET

8 Dept. 100 FY2015 APPROVED FY2016 RECOMMEND % Chg Selectmen153,280176,42215.10 Town Counsel85,00090,0005.88 Town Clerk73,70277,1324.65 Moderator500 0 Parking Tickets9501,0005.26 Public Buildings299,301305,7922.17 Regis. & Election12,97313,8967.11 Postage19,000 0 Amer. Legion600 0 Memorial Day2,000 0

9 FY2015 APPROVED FY2016 RECOMMEND % Chg July 4 th Celebration10,000 100.0 Communications Committee 700 0 Personnel Board100 0 Total: Dept. 100 Gen’l Governmnt 658,106697,1425.93

10 Dept. 200 FY2015 APPROVED FY2016 RECOMMEND % Chg Accountant169,658182,6677.67 Payroll & Benefits50,90065,71329.1 Computer Support44,24544,340.21 Assessors165,286167,9881.63 Collector87,70690,5693.26 Treasurer67,89269,4022.22 Health & Life Ins.1,324,1051,428,7257.90 Property & Liability Insurance 144,151154,2417.00 Workers Comp.53,75357,5157.00 Police/Fire Accid’t161,953173,2897.00

11 FY2015 APPROVED FY2016 RECOMMEND % Chg Unemploy Comp15,511 0 Retirement1,344,1551,343,292(.06) Debt – Principal949,520906,520(4.53) Debt – Interest232,733199,624(14.23) Tax Title8,000 0 FICA Medicare78,88781,6483.50 Finance Comm200500150.00 Reserve Fund300,000150,000(50.00) Total: Dept. 200 Finance 5,198,6555,139,544(1.14)

12 Dept. 300 FY2015 APPROVED FY2016 RECOMMEND % Chg Police Dept.1,991,8342,099,4815.40 Fire Dept.1,479,7891,523,8292.98 Building Inspect88,29189,7011.60 Emergency Mgmt9,5609,611.53 Animal Control13,03913,2701.77 Animal Inspector1,0002,600160.00 Tree Warden20,99721,112.55 Total: Dept. 300 Public Safety3,604,5103,759,6044.30

13 Dept. 400 FY2015 APPROVED FY2016 RECOMMEND % Chg Public Works1,075,6731,141,7676.14 Street Lighting76,40074,000(3.14) Care of Graves2,500 0 Total: Dept. 400 Public Works1,154,5731,218,2675.52

14 Dept. 500 FY2015 APPROVED FY2016 RECOMMEND % Chg Council on Aging 126,502128,6091.67 Board of Health 16,05417,0946.48 Nashoba – BOH 23,60624,5514.00 Parks 126,086133,3865.79 Pop Warner 4,000 0 Little League 4,000 0 Veteran’s Agent 19,03919,192.80 Veteran’s Benefits 168,000 0 Library 478,263496,8823.89 Disabilities 700 0 Total: Dept. 500 Human Services 966,250996,4143.12

15 Dept. 600 FY2015 APPROVED FY2016 RECOMMEND % Chg Conservation19,92225,81729.59 Econ & Comm Develop 33,25534,9595.12 Historic Comm750 0 MRPC2,2192,2742.48 Mgmt support6,5008,50030.77 Info Technology115,897123,4116.48 Total: Mgmt Support 178,543195,7119.62

16 SUMMARY FY2015 APPROVED FY2016 RECOMMEND % Chg 100 – General Gov’t 658,106697,1425.93 200 – Finance 5,198,6555,139,544(1.14) 300 – Public Safety 3,604,5103,759,6044.30 400 – Public Works 1,154,5731,218,2675.52 500 – Human Svcs. 966,250996,4143.12 600 – Mgmt Support 178,543195,7119.62 Total FY Omnibus11,760,63712,006,6822.09

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