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Summary of Revenues & Expenditures
<br /> The summary provided below shows revenues & expenses for the Town of Lexington FY 2008 -2010. This summary reflects actual results of FY 2008,
<br /> adjusted figures from FY 2009 and the recommendations of the Town Manager & Superintendent for FY 2010.
<br /> Revenue Summary
<br /> FY2008 Actual FY2009 Recap FY2010 Projected
<br /> Tax Levy $ 104,879,746 $ 110,705,521 $ 114,759,106
<br /> State Aid $ 9,064,275 $ 9,963,453 $ 9,963,453
<br /> Local Receipts $ 12,189,265 $ 9,395,065 $ 9,652,000
<br /> Available Funds $ 4,216,097 $ 5,620,168 $ 6,253,619
<br /> Revenue Offsets $ (1,897,006) $ (2,540,476) $ (1,841,016)
<br /> Enterprise Funds (Indirect) $ 1,752,885 $ 1,710,887 $ 1,662,522
<br /> Total General Fund $ 130,205,261 $ 134,854,618 $ 140,449,683
<br /> Less Set -Aside for Potential Local Aid Reductions $ - $ - $ ( 900,000)
<br /> Less Set -Aside for Unanticipated Current Fiscal Year Needs $ - $ - $ ( 200,000)
<br /> Net General Fund $ 130,205,261 $ 134,854,618 $ 139,349,683
<br /> General Fund Expense Summary
<br /> Education
<br /> Lexington Public Schools $ 60,193,779 $ 64,414,139 $ 68,015,286
<br /> Minuteman Reg. School $ 1,194,216 $ 1,510,598 $ 1,800,000
<br /> sub -total Education $ 61,387,995 $ 65,924,737 $ 69,815,286
<br /> Municipal $ 25,651,593 $ 25,688,411 $ 26,694,297
<br /> Shared Expenses
<br /> Benefits & Insurance $ 23,425,240 $ 26,782,252 $ 28,717,730
<br /> Debt (within -levy) $ 3,572,204 $ 4,017,541 $ 4,471,432
<br /> Reserve Fund $ - $ 532,500 $ 550,000
<br /> Facilities $ 8,994,689 $ 8,869,428 $ 8,862,472
<br /> sub -total Shared Expenses $ 35,992,133 $ 40,201,720 $ 42,601,635
<br /> Capital
<br /> Cash Capital $ 1,355,000 $ 1,520,750 $ 1,545,719
<br /> sub -total Capital $ 1,355,000 $ 1,520,750 $ 1,545,719
<br /> Other
<br /> Stabilzation Fund $ 1,000,000 $ 1,000,000 $ -
<br /> Other $ 390,000 $ 519,000 $ 935,690
<br /> sub -total Other $ 1,390,000 $ 1,519,000 $ 935,690
<br /> Total General Fund $ 125,776,721 $ 134,854,618 $ 141,592,627
<br /> Surplus/ (Deficit) $ 4,428,540 $ (0) $ (2,242,944)
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