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APPROPRIATION COMMITTEE-2018 ATM
<br /> Article 5: Appropriate FY2019 Enterprise Funds Budgets
<br /> Funds Requested Funding Source Committee Recommendation
<br /> $9,922,051 Water EF
<br /> $9,612,995 Wastewater EF
<br /> $2,850,493 Recreation EF Approve (9-0)
<br /> $253,007 tax levy
<br /> $22,638,546
<br /> This article addresses the appropriation of funds for the operation of the Town's three enterprise funds:
<br /> the Water Enterprise Fund, the Wastewater Enterprise Fund, and the Recreation and Community Pro-
<br /> grams Enterprise Fund. For an overview of the legal framework and accounting concepts that apply to the
<br /> operation of an enterprise fund,please refer to Appendix B.
<br /> The appropriations addressed in this article cover the complete operating costs of the respective enterpris-
<br /> es with the exception of indirect costs, which are routinely appropriated under Article 4, and a new pro-
<br /> posal to begin making contributions on behalf of employees assigned to the Town's water and sewer de-
<br /> partments to the Post-Employment Insurance Liability (PEIL) Fund for retirement health benefits, which
<br /> are appropriated under Article 21.
<br /> The following discussion focuses on the anticipated expenses and revenues of the enterprise funds for
<br /> FY2019 and issues they raise. Capital appropriations are addressed in Articles 15 (Recreation Capital), 16
<br /> (Municipal Capital), 17 (Water System Improvements) and 18 (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 /> FY2017 FY2018 FY2019 $ 0/0
<br /> Water Enterprise Fund
<br /> Actual Appropriated Requested Change Change
<br /> Compensation $631,564 $701,128 $771,886 $70,758 10.09%
<br /> Expenses $402,571 $427,025 $494,025 $67,000 15.69%
<br /> Debt Service $1.374,696 $1,466,428 $1,476,402 $9,974 0.68%
<br /> MWRA Assessment $7,376,976 $7,246,531 $7,179,738 -$66,793 -0.92%
<br /> Total Requested in Article 5 $9,785,807 $9,841,112 $9,922,051 $80,839 .82%
<br /> Indirect Expenses (Article 4) $877,411 $872,458 $869,833 -$2,625 -0.30%
<br /> OPEB Contribution(Article 24) $9,089 $9,089 $9,089 0.00%
<br /> Total Water Enterprise Budget $10,663,218 $10,722,659 $10,800,973 $78,314 0.73%
<br /> 19
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