FY2016 Operating Budget Annual Town Meeting May 11, 2015.

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Presentation transcript:

FY2016 Operating Budget Annual Town Meeting May 11, 2015

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

FY2016 REVENUE PROJECTIONS

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

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

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

FY2016 OMNIBUS BUDGET

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

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

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

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, Finance Comm Reserve Fund300,000150,000(50.00) Total: Dept. 200 Finance 5,198,6555,139,544(1.14)

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

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

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

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

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