Town of Adams FY2012 Budget Presentation. TOWN OF ADAMS FY2012 BUDGET PRESENTATION.

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Presentation transcript:

Town of Adams FY2012 Budget Presentation

TOWN OF ADAMS FY2012 BUDGET PRESENTATION

Revenues By Category - FY2012 Budget TYPE OF ESTIMATED REVENUEESTIMATED AMOUNT Property Taxes - up $587,845 8,724,131 Local Aid (State Aid) Governor's 7% Reduction 1,969,915 Estimated Local Receipts 1,249,500 Other Available Funds - Stabilization Fund 187,885 Other Avail. Funds - Parking Meter Fund 15,000 Other Available Funds - Technology/Perpetual Care 15,000 Other Available Funds - Council on Aging Fund 49,000 Free Cash - to offset Tax Rate 500,000 Total Revenue 12,710,431

TOWN OF ADAMS FY2012 BUDGET PRESENTATION

Tax Levy VS Total Budget Historical Comparison FiscalPropertyTotal Budget Property Tax as Year Tax a % of Total Revenue 20066,675,72912,710, % 20077,349,75313,518, % 20087,515,08913,332, % 20097,957,84014,158, % 20107,812,60113,690, % 20118,197,96613,437, % EST20128,724,13112,710, %

FY2011 Cherry Sheet Estimate FY2012 Governor’s Budget (H1)Difference Education: Chapter School Transportation 00 0 Charter Tuition Reimbursement 00 0 Offset Receipts: School Lunch 00 0 School Choice Receiving Tuition 00 0 Sub-Total, All Education Items General Government: Unrestricted General Government Aid 1,980,1791,837, ,175 Local Share of Racing Taxes 00 0 Regional Public Libraries 00 0 Police Career Incentive 3,8593, Urban Renewal Projects 00 0 Veterans’ Benefits 24,85311,401-13,452 State Owned Land51,86251, Exemptions: Vets, Blind, Surviving Spouses & Elderly 57,74655,233-2,513 Offset Receipts: Public Libraries 11,57110, Sub-Total, All General Government 2,130,0701,969, ,155 Total Estimated Receipts2,130,070 1,969, ,155 Massachusetts Department of Revenue Division of Local Services FY2012 Local Aid Estimates ADAMS TOWN OF ADAMS FY2012 BUDGET PRESENTATION

ESTIMATED LOCAL RECEIPTS Actual 2009 ESTIMATED FY2010ACTUAL 2010 ESTIMATED FY2011 ESTIMATED FY2012 Motor vehicle excise773, , , , ,000 Other excise9,723 8,000 8,196 8,000 Penalties and interest on taxes and excises61,153 42,000 83,732 50,000 68,500 Payments in lieu of taxes116, , , ,000 Charges for Services - sewer38,204 25,000 47,143 33,000 47,000 Other charges for services Fees73,526 63,000 65,575 65,000 Rentals10,962 10,000 11,412 10,000 Departmental revenue - Libraries Departmental revenue - Cemeteries30,729 25,000 28,925 25,000 28,000 Departmental revenue - Recreation Other departmental revenue 13,115 Licenses and permits79,100 74,000 82,716 82,000 78,000 Special assessments Fines and forfeits40,508 35,000 43,282 40,000 Investment income59,290 35,000 22,486 22,000 35,000 Misc Non recurring159,658 57,082 TOTALS1,453,118 1,127,000 1,350,549 1,191,000 1,249,500

TOWN OF ADAMS FY2012 BUDGET PRESENTATION Fund Balance Estimates available for appropriation Other Available Funds: ActualEstimated AdditionsAppropriated Estimated AvailablePROPOSED ESTIMATED REMAINING BalanceFiscal 2011FiscalBalanceAppropriationBALANCE as of 7/01/10 INTEREST PRINCIPAL2011FOR FY12Fiscal 2012 Stabilization638,5697,000150,000191,460604,109187,885416,224 Council on Aging - Receipts137,49030,000107,86559,625 49,000 10,625 Cemetery Investment Fund (Sale of Lots)208,7971,2008,0007,000210,9970 Parking Meter Fund95,9125,50035,00066,41215,00051,412 Technology Fund36,06621,50033,60023,96610,00013,966 Quaker Meeting Trust16, ,00013,5000 Cemetery Perpetual Care -384,0668,000392,066 Interest only available for expenditure30,2874,5005,00029,7875,00024,787 Total Estimate to be used for FY ,885

TOWN OF ADAMS FY2012 BUDGET PRESENTATION Stabilization Fund to Current Stabilization Fund ,586, Deducted FY08 (621,566.00) Interest FY08 65, Addition FY08 100, Transfer in from Reserve Account Balance 6/30/08 93, Stabilization Fund ,223, FY09 Appropriation (599,721.00) Estimated Interest Est FY09 45, Addition FY09 150, Transfer - Balance of Reserve Account 6/30/09 188, Stabilization Fund ,008, Deduction FY10 (450,000.00) Interest Est FY10 26, Addition FY10 None Transfer - Balance of Reserve Account 6/30/10 54, Stabilization Fund Estimated 638, Appropriated Deduction - FY11 (191,460.00) Estimated Interest FY11 7, Estimated Transfer - Balance of Reserve Fund FY11 150, Estimated Balance 604, Stabilization Fund Estimated Proposed Deduction - FY12 (187,885.00) Estimated Interest FY12 4, Estimated Balance 420,224.42

TOWN OF ADAMS FY2012 BUDGET PRESENTATION Free Cash Free Cash - Certified for July 1, 2010 For use through June 30, 20111,254,485 Free Cash Article to reduce the Tax Rate500,000 Total to be used for FY11 Tax Rate500,000 Balance Available for appropriation thru June 30, ,485.00

TOWN OF ADAMS FY2012 BUDGET PRESENTATION Estimated Expenditures By Category - FY2012 Budget Personal Services 5,421,992 Operating Expense 1,824,116 Capital 660,680 ACRSD Budget 3,940,208 NBVRSD Budget 622,968 Offset Receipts: Library Aid 10,806 State Cherry Sheet Charges 44,413 Overlay Reserve 185,248 Total Expenditures 12,710,431

TOWN OF ADAMS FY2012 BUDGET PRESENTATION