FY 2015 Budget Update Board of Selectmen February 18, 2014

FY2015 Budget Update Revenue Projections Operating Budget Educational Budget(s) Capital Budget Chatham Budget Update Feb 18,

Revenues Allowable Growthestimated $819,800 Local Receiptsincrease$ 40,000 Departmental Feesreview ▫ Transfer Station Fees – increase may offset tax levy State AidGovernor’s (House 1) Chatham Budget Update Feb 18,

FY2015 Revenue Chatham Budget Update Feb 18,

Tax Levy (not Tax Rate) Property Tax FY2015 –Allowable Growth $30,533,306 vs $30,008,306 ▫ now $30,033,159(all inclusive) ▫ 2.33% increase (projected) Local Receipts ▫ Transfer Station Fee Increase Other Available Funds ▫ Old Articles, Waterways; Flat to FY2014 based on Gov’s H1 (1/22/14) Chatham Budget Update Feb 18,

Tax Levy Chatham Budget Update Feb 18,

Local Receipts Chatham Budget Update Feb 18,

FY2015 Operating Budgets FY2013Voted FY2014 TM Recommend FY2015% Change I. General Government $ 1,898,390 $ 1,926,680 $ 1,982, % II. Public Safety $ 5,544,029 $ 5,754,115 $ 5,799, % III. Community Development $ 661,747 $ 715,365 $ 744, % IV. Health & Environment $ 805,927 $ 835,157 $ 859, % V. Public Works $ 4,252,406 $ 4,349,927 $ 4,458, % VI. Human & Public Services $ 921,677 $ 976,340 $ 999, % Sub-total:$ 13,896,630$ 14,557,584$ 14,845, % Continued on next slide Chatham Budget Update Feb 18,

FY2015 Operating Budgets FY2013Voted FY2014 TM Recommend FY2015% Change I – VI sub-total$ 13,896,630$ 14,557,584$ 14,828,3731.9% (From prior slide) VII. Debt Service $ 5,852,861 $ 7,905,583 $ 7,658, % VIII. Employee Benefits $ 4,219,258 $ 3,952,910 $ 4,142,9704.8% IX. Undistributed/Reserve $ 342,353 $ 501,135 $ 537, % Total, I-IX $ 25,876,851 $ 26,916,212 $ 27,183, % Chatham Budget Update Feb 18,

FY15 Expenses Chatham Budget Update Feb 18,

Operating Budget (Article 6) FY2015 proposed -$27,166,672 ▫ $27,183,314 Increase of $250,460 ▫ $267, % over FY2014 ▫ 0.99% Chatham Budget Update Feb 18,

FY2015 Changes from Jan 28, 2014 Operating Budget Community Development ▫ Increase $16,642 Monomoy Regional Schools ▫ Decrease $26,595 CCRTHS ▫ Decrease $30,781 Chatham Budget Update Feb 18,

FY2015 Capital Plan Changes Police Vehicle – 1 additional for a total of three vehicles for FY15 Adds $32,000 (tax levy & old articles) Outboard Engine – for patrol boat Adds $10,000 (from Waterways Improvement Fund) Chatham Budget Update Feb 18,

5 Five Year Capital Plan CAPITAL PROGRAM & BUDGET SUMMARY FY 2015 Dept. RequestTMGR Recommendation General Government$217,500$157,500 Public Safety342,250225,000 Community Development95,00050,000 Health & Environment1,761,000374,000 Public Works (without Water)1,363,500938,500 Equipment$587,800 $326,000 Total Town Funded Capital Budget4,367,0502,071,000 Funding Sources: Free Cash 1,000,000 Waterways Improvement Funds 55,000 PEG Access Funds 30,000 Cemetery Sale of Lots 1,000 Shellfish Revolving Prior Articles 5,000 Capital Exclusion Raise & Appropriate (available Tax Levy) 980,000 Total Funding Sources2,029,0002,071,000 ($2,338,050)$0 Chatham Budget Update Feb 18,

Capital Plan Chatham Budget Update Feb 18,

Educational Assessments (Separate Articles) Monomoy Regional ▫ Overall Increase of 11.1% 10.9% in assessment to Chatham ($819,604) ▫ 793,009 ▫ Total Operating Budget 0.88% increase ▫ Required Minimum Contribution ▫ $336,245 due to change in FY14 Chatham Budget Update Feb 18,

Monomoy Regional School District Chatham Budget Update Feb 18,

Cape Cod Regional Tech High School Budget Presentation 1/29/14 Actual decrease in Chatham’s assessment ▫ Down 2 students from FY2014 Chatham Budget Update Feb 18,

Cape Cod Regional Tech High School Chatham Budget Update Feb 18,

Next Steps Board of Selectmen Recommendations ▫ Presented 2/18/2014 Budget Updates Tax Levy – estimate Sustainability – ▫ 5 year forecast (update) Chatham Budget Update Feb 18,