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HomeMy WebLinkAboutFY 2002 Budget History and Three Year ForecastBudget History and Three -Year Forecast Expenditures Town Wages $11,181,962 $11,474,758 $11,597,064 $12,459,698 8,574,162 Town Benefits 1,995,504 1,742,819 $1,952,636 $2,442,775 $542,148 Retirement, Workers Comp, Etc. 2,646,379 2,810,455 $2,862,345 $3,107,921 14, 787,907 Town Expenses (excl. debt) 6,142,092 6,300,075 $6,365,258 $7,128,063 34,497,930 Total Town Gen. Fund (less debt) 21,965,937 22,328,107 22,777,303 25,138,457 542,148 Public Schools Wages 32,584,140 34,391,932 $36,641,456 $39,009,771 954,493 School Benefits /Medicare 3,578,891 3,514,337 $3,857,510 $3,862,444 $142,100 School Expenses 6,995,028 7,884,547 $8,559,482 $10,067,635 61,322,549 Regional Vocational School 732,188 725,556 $797,604 $811,455 67,784,263 Total Education 43,890,247 46,516,372 49,856,052 53,751,305 142,100 Existing Debt (Principal, Interest) 2,568,026 2,711,997 $3,210,374 $3,788,579 2,247,098 Authorized /Unissued Debt (Prin., Int.) - 0 0 $0 Cash Capital Policy 737,000 1,104,129 715,500 $321,419 Other Capital - 70,000 - $500,000 Total Capital and Debt 3,305,026 3,886,126 3,925,874 4,609,998 - Temporary Borrowing 346,891 220,136 $106,386 $175,000 Existing /Projected Exempt Debt 1,100,500 1,033,500 $69,375 $950,625 Ttl. Capital & Debt (Including Exempt Debt) 4,752,417 5,139,762 4,101,635 5,735,623 - Water Enterprise 4,314,413 4,927,347 4,856,688 5,217,230 Sewer Enterprise 6,443,363 7,086,888 7,751,713 8,302,671 Recreation Enterprise 971,572 1,131,652 1,180,991 1,247,520 Enterprise Articles 380,000 447,000 610,000 590,000 Total Enterprise 12,109,348 13,592,887 14,399,392 15,357,421 - Town Meeting Articles - Supplemental Appropriation - 245,722 Assessments, Offsets and Overlay 2,665,924 2,662,317 2,905,273 2,924,537 Prior Year Deficits & Judgements 222,337 225,362 199,059 79,753 Total Suppl, Assmts, Prior Year 2,888,261 2,887,679 3,104,332 3,250,012 - Revenue State Aid Local Receipts Available Funds Enterprise Revenue Non -Tax Levy Revenue Previous Year Tax Levy Allowable 2 1/2% Inc. Allowable New Constr. Voter Approved Override Real Est.Tax Levy Limit Actual Tax Levy (w /out Debt Excl. or PAYT) PAYT Tax Levy Reduction Existing /Projected Debt Exclusion Budget Deficit/Surplus 6,890,255 7,520,396 8,528,199 9,976,815 142,100 8,574,162 8,805,190 9,177,275 7,500,000 2,491,898 3,321,903 2,627,943 1,663,694 542,148 12,956, 357 13,171, 670 14, 787,907 15, 357,421 30,912,672 32,819,159 35,121,324 34,497,930 684,248 53,569,140 55,862,862 57,904,293 61,322,549 1,339,229 1,396,572 1,447,607 1,533,064 954,493 644,859 1,970,649 1,535,451 - - - 3,440,829 55,862,862 57,904,293 61,322,549 67,831,893 - 55,840,136 57,895,877 61,144,139 67,784,263 1,100,500 1,033,500 120,000 950,625 $87,853,308 $91,748,556; $96,385,465 $1',03,252,818; $684,248 i 2,247,098 1,283,729 2,146,749 0 0 $13,230,152 $13,627,057 $14,035,868 $14,456,944 3.0% increase in FY2003/04/05 $3,411,663 4,251,663 5,091,663 5,931,663 $840,000 increase in FY2003/04/05 $3,058,874 3,150,640 3,245,159 3,342,514 3.0% increase in FY2003/04/05 $6,367,846 6,633,881 6,907,898 7,190,135 3.0% +$75,000 NESWC increase 26,068,535 27,663,241 29,280,589 30,921,256 Based on Debt Schedule $41,700,272 44,500,272 47,300,272 50,100,272 $2,800,000 increase in FY2003/04/05 $6,068,707 8,028,707 9,988,707 11,948,707 $1,960,000 increase in FY2003/04/05 $10,225,833 10,875,833 11,525,833 12,175,833 $650,000 increase in FY2003/04/04 $787,116 810,729 835,051 860,103 3.0% increase in FY2003/04/05 58,781,928 64,215,541 69,649,863 75,084,915 Level Funded at $329,500 $3,511,066 2,477,933 1,888,072 1,273,984 Based on Debt Schedule - - Based on Debt Schedule 628,723 1,643,919 1,248,690 1,492,975 Based on Cash Capital 5% Policy 500,000 500,000 500,000 500,000 Level Funded at $500,000 4,639,789 4,621,852 3,636,762 3,266,959 $329,500 329,500 329,500 329,500 Level Funded at $329,500 $1,708,200 2,156,000 2,156,000 2,156,000 Estimate of Issued Debt 6,677,489 7,107,352 6,122,262 5,752,459 5,934,482 6,260,255 6,613,996 6,998,355 Based on Water Enterprise Expense Trends 8,320,745 9,561,777 10,984,064 12,587,605 Based on Sewer Enterprise Expense Trends 1,301,352 1,326,430 1,352,386 1,379,250 Based on Rec. Enterprise Expense Trends 635,000 500,000 500,000 500,000 Varies 16,191,579 17,648,462 19,450,445 21,465,210 50,000 - - 2,729,515 2,696,503 2,754,915 2,954,788 Varies 2,779,515 2,696,503 2,754,915 2,954,788 110,499,046 119, 331,100 127, 258, 075 136,178,629 10,773,599 10,751,102 11,431,102 12,111,102 $680,000 Increases in FY2003/04/05* 10,407,389 10,557,389 10,707,389 10,857,389 $150,000 Increases in FY2003/04/05 1,837,589 1,600,000 1,600,000 1,600,000 Level Funded at $1,600,000 in FY2003/04/05 16,191,579 17,648,462 19,450,445 21,465,210 Equals Enterprise Expenses 39,210,156 40,556,953 43,188,936 46,033,701 67,831,893 70,327,690 72,585,883 77,900,530 Prev. Yr. Total Tax Levy 1,695,797 1,758,192 1,814,647 1,947,513 2.5% Established by Proposition 2 1/2 800,000 500,000 500,000 500,000 $500,000 in FY2003/04/05 - - 3,000,000 - Blue Ribbon Committee Override Projection 70,327,690 72,585,883 77,900,530 80,348,043 - NA NA NA (747,000) 1,708,200 2,156,000 2,156,000 2,156,000 Equals Exempt Debt Expenses 0 (4,032,264) (4,012,609) (7,640,885) *FY03 marks the end of SBAB funding for a 1986 school project. The projection includes a decrease of $702,497