|
APPROPRIATION COMMITTEE REPORT TO 2009 ATM MARCH 2009
<br />reductions in available funds. Here, the available funds line includes free cash as well as amounts in the
<br />Parking Fund, the Cemetery Fund, etc.
<br />Table A -l: Numeric Assumptions for Scenarios 1 and 2
<br />Category
<br />Scenario
<br />FY2010
<br />FY2011
<br />FY2012
<br />FY2013
<br />New growth
<br />1
<br />$1,900K
<br />$2,714K
<br />$2,020K
<br />$2,096K
<br />2
<br />$1,900K
<br />$2,614K
<br />$1,920K
<br />$1,996K
<br />State aid
<br />1
<br />$9,059K
<br />$8,923K.
<br />$8,789K
<br />$8,833K
<br />2
<br />$9,059K
<br />$8,606K
<br />$8,176K
<br />$8,176K
<br />Local receipts
<br />1
<br />$9,770K
<br />$9,623K
<br />$9,623K
<br />$9,816K
<br />2
<br />$9,770K
<br />$9,526K
<br />$9,288K
<br />$9,334K
<br />Available Funds
<br />1
<br />$6,054K
<br />$4,650K
<br />$4,150K
<br />$4,150K
<br />2
<br />$6,054K
<br />$4,650K
<br />$4,150K
<br />$4,150K
<br />School
<br />1
<br />$55,927K
<br />3.25%
<br />3.25%
<br />3.25%
<br />Compensation
<br />2
<br />$55,927K
<br />3.25%
<br />3.25%
<br />3.25%
<br />Out of district SPED
<br />1
<br />$6,529K
<br />15%
<br />15%
<br />15%
<br />Costs
<br />2
<br />$6,529K
<br />15%
<br />15%
<br />15%
<br />Municipal
<br />1
<br />$18,877K
<br />3%
<br />3%
<br />3%
<br />Compensation
<br />2
<br />$18,877K
<br />3%
<br />3%
<br />3%
<br />Health insurance
<br />1
<br />$20,987K
<br />8 %, $22,662K
<br />8%,$24,479K
<br />8%,$26,437K
<br />2
<br />$20,987K
<br />10 %, $23,085K
<br />10 %, $25,394K
<br />10%,
<br />Note to Table A -1:
<br />a) A percentage reflects the change from the preceding fiscal year.
<br />b) The column "FY2010" is here for reference. It gives the base values to which the percentage increases
<br />in FY2011 are applied.
<br />For neither scenario have we assumed that there will be any revenue increases from local taxation of
<br />telephone equipment or from any form of increase in the meals or hotel/motel taxes.
<br />In regard to expenses, both scenarios assume identical increases in school compensation, out of district
<br />SPED costs, and municipal compensation. The compensation increases are intended to include the net
<br />effects of step increases, step decreases due to retirements, and cost of living adjustments (COLAs). The
<br />numbers chosen represent increases wherein the COLAs are positive, and fall into a range of 1% to 2 %.
<br />The two scenarios make somewhat different assumptions about the future escalation of health care costs.
<br />Changes to the expense assumptions would, of course, lead to changes in the bottom lines of the different
<br />fiscal years. The following list gives approximate differences in expenses (up or down) that the described
<br />changes would make if they were to take effect in FY2011. The effect of the changes would be slightly
<br />larger for the first year if it is later than FY2011 and would accumulate over later years.
<br />Page 54 of 59
<br />
|