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APPROPRIATION COMMITTEE-ATM 2017
<br /> Article 5: Appropriate FY2018 Enterprise Funds Budgets
<br /> Funds Requested Funding Source Committee Recommendation
<br /> $9,869,785 Water EF
<br /> $9,182,509 Wastewater EF
<br /> $2,725,114 Recreation EF Approve (9-0)
<br /> $220,152 Tax levy
<br /> $21,997,560
<br /> This article addresses the appropriation of funds for the operation of the Town's three enterprise funds: the
<br /> Water Enterprise Fund, the Wastewater Enterprise Fund, and the Recreation and Community Programs Enter-
<br /> prise Fund. For an overview of the legal framework and accounting concepts that apply to the operation of an
<br /> enterprise fund,please refer to Appendix B.
<br /> The appropriations addressed in this article cover the complete operating costs of the respective enterprises
<br /> with the exception of indirect costs, which are routinely appropriated under Article 4, and a new proposal to
<br /> begin making contributions on behalf of employees assigned to the Town's water and sewer departments to
<br /> the Post-Employment Insurance Liability (PEIL) Fund for retirement health benefits, which are appropriated
<br /> under Article 21.
<br /> The following discussion focuses on the anticipated expenses and revenues of the enterprise funds for FY2018
<br /> and issues they raise. Capital appropriations are addressed in Articles 11 (Recreation Capital), 13 (Water Sys-
<br /> tem Improvements) and 14 (Wastewater System Improvements).
<br /> Water and Wastewater Enterprise Funds
<br /> A breakdown of the funding request for the Water and Wastewater Enterprise Funds, and the percentage
<br /> changes from the prior fiscal year,is shown in the following tables.
<br /> FY2016 FY2017 FY2018 $ Change cyo
<br /> Water Enterprise Fund
<br /> Actual Appropriated Requested Change
<br /> Compensation $627,911 $699,218 $701,128 $1,910 0.27%
<br /> Expenses $373,934 $404,025 $427,025 $23,000 5.69%
<br /> Debt Service $1,307,938 $1,408,576 $1,466,428 $57,852 4.11%
<br /> MWRAAssessment $6,695,144 $7,349,661 $7,275,204 -$74,457 -1.01%
<br /> Total Requested in Article 5 $9,004,927 $9,861,480 $9,869,785 $8,305 0.08%
<br /> Indirect Expenses (Article 4) $898,614 $877,411 $872,458 -$4,953 -0.56%
<br /> OPEB Contribution $9,089 $9,089
<br /> Total Water Enterprise Budget $9,903,541 $10,738,891 $10,751,332 $12,441 0.12%
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