|
Summary of Revenues and Expenditures
<br /> The summary below shows revenues&expenditures for the Town of Lexington for FY 2011-2014. It reflects actual results
<br /> of FY2011 and FY2012, FY2013 estimated revenues and budgeted expenditures submitted to the Department of Revenue
<br /> for the certification of the FY2013 tax rate, and the budget recommendations of the Town Manager and School
<br /> Superintendent for FY2014 budget and projected revenues to support those recommendations.
<br /> Revenue Summary FY2011 Actual FY2012 Actual FY2013 Recap FY2014 Projected
<br /> Tax Levy $ 122,259,637 $ 128,615,715 $ 135,386,782 $ 140,804,184
<br /> State Aid $ 8,506,691 $ 8,401,617 $ 9,410,134 $ 9,410,134
<br /> Local Receipts $ 11,991,001 $ 12,340,329 $ 10,188,650 $ 10,525,979
<br /> Available Funds $ 6,819,892 $ 7,975,216 $ 7,499,652 $ 11,724,570
<br /> Revenue Offsets $ (1,687,257) $ (2,474,521) $ (1,645,350) $ (1,953,751)
<br /> Enterprise Funds(Indirect) $ 1,615,973 $ 1,564,441 $ 1,512,892 $ 1,512,892
<br /> Total General Fund $ 149,505,937 $ 156,422,796 $ 162,352,760 $ 172,024,008
<br /> General Fund Expenditure Summary
<br /> Education
<br /> Lexington Public Schools $ 67,947,664 $ 73,144,885 $ 76,628,356 $ 81,924,343
<br /> Minuteman Regional School $ 1,538,811 $ 1,702,930 $ 1,407,979 $ 1,548,777
<br /> sub-total Education $ 69,486,475 $ 74,847,815 $ 78,036,335 $ 83,473,120
<br /> Municipal Departments $ 27,162,858 $ 28,808,008 $ 29,904,653 $ 30,471,682
<br /> Shared Expenses
<br /> Benefits&Insurance $ 28,063,123 $ 28,380,746 $ 30,052,729 $ 29,048,455
<br /> Debt(within-levy) $ 4,675,175 $ 4,849,052 $ 5,669,343 $ 5,534,823
<br /> Reserve Fund $ - $ 900,000 $ 900,000 $ 900,000
<br /> Facilities $ 9,756,143 $ 9,242,458 $ 9,431,662 $ 9,760,460
<br /> sub-total Shared Expenses $ 42,494,441 $ 43,372,256 $ 46,053,734 $ 45,243,738
<br /> Capital
<br /> Cash Capital(designated) $ 1,983,112 $ 2,627,174 $ 3,952,794 $ 5,360,748
<br /> sub-total Capital $ 1,983,112 $ 2,627,174 $ 3,952,794 $ 5,360,748
<br /> Other
<br /> Stabilzation Fund $ 710,000 $ - $ - $ -
<br /> Other(allocated) $ 829,399 $ 726,885 $ 2,436,250 $ 5,000,497
<br /> Other(unallocated) $ - $ - $ 1,968,994 $ 2,474,222
<br /> sub-total Other $ 1,539,399 $ 726,885 $ 4,405,244 $ 7,474,719
<br /> Total General Fund $ 142,666,285 $ 150,382,138 $ 162,352,760 $ 172,024,007
<br /> !Surplus/(Deficit) $ 6,839,652 $ 6,040,658 $ 0 $ 0 '
<br /> 4
<br />
|