1990-Annual Report - Laserfiche WebLink

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Finances at a Glance The purpose of these two pages is to put the town's finances, spending in particular, in some perspective; to show the fiscal relationship of each major town operation to all others. It is customary for Town Meeting to tackle the budget item by item. And in the past, Town Report has shown spending item by item, or to be more exact, department by department. It is hoped that this new way of presenting expenditures will be more useful to those who would like to see the whole picture, the forest as well as the trees. Summarizing anything as complex as a $50 million plus town budget has its limitations. Thus the graphic on the next page intentionally covers operating costs only. It does not include capital outlays which can vary widely from year to year. However, it does show the cost of financing debt incurred by such capital projects as school building improvements and the Pine Meadows Golf Course purchase. To cite two more examples, the graphic does not reflect the fact that the DPW maintains school grounds, or that the Recreation Department, beginning July 1, 1990, became an Enterprise Fund operation, dependent on user fees. For more detailed data on where the money went, see the "Appropriation Accounts" following the Comptroller's report in the back of the book. Revenue Sources 1990 Residential Real Estate Commercial Real Estate $10,017,000 $26,946,000 Industrial Real Estate 1IM11111 $2,705,000 Personal Property ■ $723,000 Local Receipts � $4,003,000 State � $5,257,000 Available Funds M $2,015,000 Available Surplus $4,702,000 Enterprise Fund Water $2,117,000 Revenues Sewer $2,128,000 Enterprise revenues are collected outside the tax levy. They are shown here in scale to traditional revenue sources. 2