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APPROPRIATION COMMIT 1'EE REPORT-NOVEMBER 2005
<br /> Exhibit A3:Three-Year Forecast
<br /> A B C D
<br /> FY 2005 FY 2005 FY 2006 FY 2006
<br /> line Appropriated Actual Recommended 11/05 projection
<br /> 1 Expenditures
<br /> 2 Town Wages $13,147,817 $13,147,817 $14,396,218 $14,396,218
<br /> 3 Town Benefits 3,969,387 $3,969,387 4,334,380 $4,334,380
<br /> 4 Retirement,Workers Comp, Etc. 3,313,346 $3,313,346 3,576,180 $3,576,180
<br /> 5 Town Expenses(excluding debt) 6,673,438 $6,673,438 8,027,720' $8,027,7209
<br /> 6 Total Town Gen.Fund(excluding debt) 27,103,988 27,103,988 30,334,498 30,334,498
<br /> 7
<br /> 8 Public Schools Wages 45,566,543 $45,566,543 47,204,681 $47,204,681
<br /> 9 School Benefits/Medicare 9,552,962 $9,552962 10,387,000 $10,387,000
<br /> 10 School Expenses 11,237,963 $11,237,963 11,975,887 $12,823,283'
<br /> 11 Regional Vocational School 928,474 $928,474 887,667" $830,667
<br /> 12 Total Education 67,285,942 67,285,942 70,455,235 71,245,631
<br /> 13
<br /> 14 Existing Debt(Principal, Interest) 3,994,670 $3,994,670 3,210,750 $3,210,750
<br /> 15 Authorized/Unissued and new Debt(Principal, Interest) 0 $0 0
<br /> 16 Cash Capital Policy 0 $0 570,000 $570,000
<br /> 17 Other Capital 500,000 $500,000 500,000 $500,000
<br /> 18 Total Capital and Debt 4,494,670 4,494,670 4,280,750 4,280,750
<br /> 19 Temporary Borrowing 242,512 $242512 280,000 $280,000
<br /> 20 Existing/Projected Exempt Debt 5,325,085 $6,263,044 4,943,313 $4,943,313
<br /> 21 Stablization Fund/Reserves 807,322 $807,322 603,647 $603,647
<br /> 22 Total Capital&Debt(Including Exempt Debt) 10,869,589 11,807,548 10,107,710 10,107,710
<br /> 23
<br /> 24 Water Enterprise 6,554,170 $6,554,170 7,246,090 $7,246,090
<br /> 25 Sewer Enterprise 8,132,321 $8,132321 8,152,693 $8,152,693
<br /> 26 Recreation Enterprise 1,614,355 $1,614,355 1,678,257 $1,678,257
<br /> 27 Enterprise Articles 1,280,000 $1,280,000, 80,000 $80,000
<br /> 28 Total Enterprise 17,580,846 17,580,846 17,157,040 17,157,040
<br /> 29
<br /> 30 Town Meeting Articles 0 $0 0 $0
<br /> 31 Supplemental Appropriation 0 $0 83,000 $83,000
<br /> 32 Assessments and Offsets 1,950,000 $1,996,154 1,998,750 $1,998,750
<br /> 33 Assessors'Overlay 950,000 $899,183 500,000 $500,000
<br /> 34 Prior Year Deficits&Judgments 0 $181,946 0 $1,174,865
<br /> 35 Total Supplimental,Assessments,Prior Year 2,900,000 3,077,283 2,581,750 3,756,615
<br /> 36
<br /> 37 Total Expenditure Requirements $125,740,365 $126,855,607 $130,636,233 $132,601,494
<br /> 38
<br /> 39 Revenue
<br /> 40 State Aid $7,950,556 $8,059,161 $8,059,161 $8,561,958
<br /> 41 Local Receipts 9,333,423 $10,246,954 9,740,513' $9,740,513
<br /> 42 Available Funds 375,000 $1,578,160 1,616,942 $2,579,406
<br /> 43 Enterprise Revenue 17,580,846 17,580,846 17,157,040 $17,157,040
<br /> 44 Non-Tax Levy Revenue 35,239,825 37,465,121 36,573,656 38,038,917
<br /> 45
<br /> 46 Previous Year Tax Levy 78,000,158 $78,000,158 85,867,575 $85,867,575
<br /> 47 'Allowable 2 1/2%Increase 1,950,957 $1,950,957' 2,146,689 $2,146,689
<br /> 48 Allowable New Construction 1,000,000 $1,692,120 1,105,000 $1,605,0009
<br /> 49 Voter Approved Override 4,224,340 $4,224,340 0 0
<br /> 50 Real Estate Tax Levy Linit Subtotal 85,175,455 85,867,575 89,119,264 89,619,264
<br /> 51 'Actual Tax Levy(w/out Debt Exclusions) - $85,831,339'' -
<br /> 52 Existing/Projected Debt Exclusion 5,325,085 $5,325,085 4,943,313 $4,943,313
<br /> 53 Total Tax Levy $90,500,540 $91,156,424 $94,062,577 $94,562,577
<br /> 54
<br /> 55 Total Revenues $125,740,365 $128,621,545 $130,636,233 $132,601,494
<br /> 56 Budget Surplus/(Deficit) - 1,765,938 0 0
<br /> All out year projections are either School or Town staff estimates and have not been voted on by either the Selectmen or the School Committee.
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