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HomeMy WebLinkAbout2007-10-10 Budget AdjustmentsTOWN OF LEXINGTON, MASSACHUSETTS Lexinr ;iverty" FY 2008 Appropriated Budget - October 10, 2007 Addendum Packet Changes - FY08 Budget as Adopted vs. Proposed Revisions Summary of Expenditures & Revenues Program Summary Budget Supplement to Town Meeting 1 October 10, 2007 FY 2008 Appropriated Budget Budget Changes: Appropriated Budget to Today STM Article 3: Amend Operating Budget (Amendments to Article 21: Operating Budget, 2007 ATM) FY08 Budget Proposed Difference Reason as Adopted Revisions Revenues Overlay Surplus 1 1 $ - 1 1 $ 100,000 $ 100,000 Surplus should have been voted at ATM - technical correction necessary for tax rate setting State Aid I I $ 8,994,407 I I $ 9,064,275 $ FY08 Budget Proposed as Adopted Revisions Expenses 69,868 I (Final State Aid amount Difference Reason 2310 Reserve Fund $ 450,000 $ 469,868 $ 19,868 Balance of New State Aid $ (317,964) Final Assessment lower than allotment necessary to balance budget for tax rate setting. 8500 Town Clerk $ 246,101 $ 271,101 $ 25,000 Costs for two special elections Personal Services $ 13,413 Increases needed for additional for Sen. Havern's Seat 8500 Town Clerk $ 80,759 $ 115,759 $ 25,000 Costs for two special elections Expenses interest & issuance costs Wastewater MWRA $ for Sen. Havern's Seat STM Article 4: Amend Enterprise Budget (Amendments to Article 22: Enterprise Budget, 2007 ATM) FY08 Budget Proposed Difference Reason as Adopted Revisions Expenses Water MWRA $ 4,435,739 $ 4,117,775 $ (317,964) Final Assessment lower than budgeted Water Debt $ 490,833 $ 504,246 $ 13,413 Increases needed for additional interest & issuance costs Wastewater MWRA $ 6,197,216 $ 5,630,863 $ (566,353) Final Assessment lower than budgeted Wastewater Debt $ 473,256 $ 482,424 $ 9,168 Increases needed for additional interest & issuance costs And further to approve the use of $362,570 of Water Enterprise Retained Earnings for support of operations of the fund. Budget Supplement to Town Meeting 2 October 10, 2007 Summary of Revenues & Expenditures This summary is inclusive of all actions taken by Town Meeting and the June 5, 2007 Override vote. Revenue Summary FY 2006 FY 2007 FY 2008 FY 2008 FY 2007 -2008 FY 2007 -2008 Shared Expenses Actual Actual Budoet as Adonted Proposed revisions Oran Orange `%) Tax Levy $ 89,868,589 $ 95,306,611 $ 103,992,380 $ 103,992,380 $ 8,685,769 8.31% State Aid 8,603,524 8,304,953 8,994,407 9,064,275 759,322 8.30% Local Receipts 13,321,875 12,910,181 9,707,463 9,707,463 - 3,202,718 -7.09% Available Funds 2,188,182 4,923,000 4,115,347 4,215,347 - 707,653 - 16.41% Revenue Offsets - 3,145,438 - 1,530,137 - 1,640,063 - 1,640,063 - 109,926 7.18% Enterprise Funds (Indirect) 1,789,916 1,772,313 1,752,885 1,752,885 - 19,428 -1.10% Total General Fund $ 112,626,648 $ 121,686,920 $ 126,922,418 $ 127,092,286 $ 5,405,366 5.83% Other Revenues Revolving Funds 542,343 635,992 966,234 966,234 330,242 21.78% Grants 173,390 173,390 173,390 173,390 0 0.00% Enterprise Funds (Direct) 13,393,865 15,445,321 15,076,798 14,215,032 - 1,230,289 5.91% Total Other Revenues 14,109,599 16,254,703 16,216,422 15,354,656 - 900,047 6.67% Total Revenues $ 126,736,246 $ 137,941,624 $ 143,138,840 $ 142,446,942 $ 4,505,319 5.93% Expense Summary Education FY 2006 Actual 60,652,760 FY 2007 FY 2008 ,,al Bucket as Adonted 62,411,611 68,295,983 FY 2008 FY 2007 -2008 FY 2007 -2008 Proposed Revisions (hands (hands (%) Public Schools 68,295,983 5,884,372 7.69% 61,482,994 63,436,428 69,496,421 69,496,421 6,059,993 7.84% Municipal 22,624,947 23,804,280 26,214,557 26,264,557 2,460,277 5.30% Shared Expenses 173,390 173,390 173,390 173,390 0 0.00% Benefits &Insurance 19,015,811 21,720,931 24,668,304 24,668,304 2,947,373 9.45% Debt (within-levy) 3,417,301 3,760,126 3,798,137 3,798,137 38,011 2.10% Reserve Fund 0 0 450,000 469,868 469,868 12.50% sub -total Shared Expenses 22,433,112 25,481,058 28,916,441 28,936,309 3,455,251 8.47% Capital 80,000 75,000 25,000 25,000 - 50,000 - 66.67% Cash Capital 1,153,000 1,195,000 1,355,000 1,355,000 160,000 13.39% sub -total Capital 1,153,000 1,195,000 1,355,000 1,355,000 160,000 13.39% Other Stabilzabon Fund 603,647 2,650,000 1,000,000 1,000,000 - 1,650,000 - 62.26% Other 86,000 40,000 40,000 46,000 - 53.49% sub -total Other 603,647 2,736,000 1,040,000 1,040,000 - 1,696,000 - 61.99% Total General Fund $ 108,297,700 $ 116,652,766 $ 127,022,418 $ 127,092,286 $ 10,439,520 5.91 Other Expenses Revolving Funds 542,343 635,992 966,234 966,234 330,242 21.78% Grants 173,390 173,390 173,390 173,390 0 0.00% Enterprise Funds (Direct) Water 5,408,102 5,628,900 6,078,058 5,773,477 144,577 6.10% Wastewater (Sewer) 6,279,508 6,681,282 7,346,035 6,788,850 107,568 9.55% Recreation 1,481,913 1,503,079 1,627,705 1,627,705 124,626 -5.72% Cash Capital 80,000 75,000 25,000 25,000 - 50,000 - 66.67% sub -total Enterpnse Funds 13,249,523 13,888,261 15,076,798 14,215,032 326,771 5.91% Total Other Expenses 13,965,256 14,697,643 16,216,422 15,354,656 657,013 6.67% Total Expenses $ 122,262,956 $ 131,350,409 $ 143,238,840 $ 142,446,942 $ 11,096,534 6.00% Notes: ' FY 2007 amounts are unaudited. Amount shown represent Initial reconciliations Does not Include_ Exempt Debt FY 2008 Appropriated Budget & Financing Plan 3 October 10, 2007 Program Summary This spreadsheet presents the recommended budget and financing plan by subprogram. A B C D E F G H I ELEMENT DESCRIPTION 2006 Actual 2007 Actual Department All Appropriated I Appropriated to FY 08 2008 Request Ad Total Change C . 4 1n Operating Budget - General Fund Expenses - Article 21 Program 1000: Education 1100 Lexington Public Schools $ 60,652,760 $ 62,411,611 $ 70,027,605 $ (1,731,622) $ 68 295,983 $ 5,884,372 7.69% ; 1200 Regional Schools $ 830,234 $ 1,024,817 $ 1,000,000 $ 200,`438 $ 1,200,438 $ 175,621 17.14 Program 2000: Shared Expenses 2110 Contributory Retirement 2120 Non-ContribUtory Retirement 2130 Health Insurance 2140 Unemployment 2150 Workers Compensation* 2160 Property & Liability Insurance 2170 Uninsured Losses* sub -tab/ 2100 Benefits 2210 Payment on Funded Debt 2220 Intereston Funded Debt 2230 Temporary Borrowing sub -tab/ 2200 Debt Service 2310 Reserve Fund sub -tab/ 2300 Operating Articles $ 3,214,947 $ 3,279,170 $ 3,449,284 $ 61,439 $ 46,758 $ 41,000 $ 14,874,738 $ 17,293,354 $ 19,862,000 $ 139,819 $ 74,263 $ 76,500 $ 195,465 $ 250,649 $ 300,235 $ 529,404 $ 726,486 $ 582,853 2,760,000 $ 2,875,000 $ 2,833,980 450,750 $ 533,428 $ 703,832 Program 3000: Community Services 3100 -3500 DPW Personal Services 3100 -3500 DPW Expenses Program 4000: Public Safety 4100 Law Enforcement Personal Services 4100 Law Enforcement Expenses sub -total 4100 Law Enforcement 4200 Fire Personal Services 4200 Fire Expenses sub -total 4200 EMS /Nre 3,942,601 $ 4,165,092 $ 4,205,699 3,976,087 $ 4,057,339 $ 4,256,423 Program 5000: Culture & Recreation 5100 Library Personal Services $ 1,406,782 $ 1,463,666 $ 1,643,200 $ (6,500) $ 1,636,700 $ '.. 173,034 4,69% 5100 Library Expenses $ 347,692 $ 442,506 $ 473,384 $ (36,230) $ ;452,154 $ 9,648 - 3.18 Total Culture &Recreation $ 1,754,474 $ 1,906,172 $ 2,116,584 $ (4&7307 S 2088.854 $ 182,682 288% Program 6000: Social Services 6000 Social Services Personal Services $ 226,490 $ 349,737 $ 403,722 $ - $ 403,722 $ 53,985 3.89% 6000 Social Services Expenses $ 172,623 $ 231,165 $ 283,390 $ (208) $ .:283,182 $ 52,017 1.16% Note: Line -Items marked with an asterisk ( *) will be presented at Town Meeting as continuing balance accounts. $ 3,208,832 $ 3,399,606 $ 3,339,971 $ 4,897,551 $ 4,867,504 $ 5,494,594 FY 2008 Appropriated Budget & Financing Plan 4 October 10, 2007 Program Summary This spreadsheet presents the recommended budget and financing plan by subprogram. A B C D E F G H I ELEMENT DESCRIPTION 2006 Actual 2007 Actual Department All Appropriated I Appropriated to FY 08 2008 Request Ad Total Change C . 4 1n Program 7000: Community Development $ $ 7100 Comm. Devel. Personal Services $ 7100 Comm. Devel. Expenses $ sub- tol317100 Comm. Dev. $ 7200 Planning Personal Services $ 7200 Planning Expenses $ sub- tol317200 Planning $ 7300 Economic Devel. Personal Services $ 7300 Economic Devel. Expenses $ sub -total 7300 Eco. Devo. $ Proaram 8000: General Government 8110 Selectmen Personal Services $ 8110 Selectmen Expenses $ 8120 Legal $ 8130 Town Report $ sub-total 8100 Board ofSelecbnen $ 8210 -8220 Town Manager Personal Services $ 8210 -8220 Town Manager Expenses $ 8230 Salary Transfer Account* $ sub -total 8200 Town Manager $ 8310 Appropriations Committee $ 8320 Misc. Towns and Committees $ 8330 Public Celebrations Committee $ sub -total 8300 Town Committees $ 8400 Finance Personal Services $ 8400 Finance Expenses $ sub - =318400 Finance $ 8500 Town Clerk Personal Services $ 8500 Town Clerk Expenses $ sub -total 8500 Town Clerk $ 8600 MIS Personal Services $ 8600 MIS Expenses $ sub - =318600 MIS $ 568,057 $ 666,201 $ 756,424 195,945 $ 188,981 $ 205,987 33,001 51,454 $ $ 40,023 63,384 $ $ 120,572 98,830 84,455 $ 103,407 $ 219,402 31,287 $ 1,044,281 $ 1,256,907 53,176 $ 65,952 $ 65,180 60,871 $ 63,558 $ 71,150 356,229 $ 278,455 $ 350,000 386,558 $ 415,741 $ 479,797 101,768 $ 197,805 $ 144,125 c c a7i cnn 848 $ 126 $ 1,500 8,300 $ 6,342 $ 8,755 25,000 $ 7,240 $ 28,500 34,148 $ 13,708 $ 38,755 789,702 $ 936,661 $ 1,004,615 227,012 $ 191,556 $ 267,695 .016,715 $ 1,128,217 $ 1,272,310 214,886 $ 269,592 $ 246,101 71,149 $ 73,957 $ 83,175 286,035 $ 343,549 $ 329,276 144,206 $ 99,245 $ 187,941 Total Municipal $ 22,624,947 $ 23,804,280 $ 26,047,201 Capital* - Articles 26, 29, 31 & 34 Capital Requests (Cash -GF) $ 653,000 $ 235,000 $ 830,000 Capital Requests (Cash - Other) $ 460,000 $ 50,000 Streets Set Aside $ 500,000 $ 500,000 $ 500,000 "Dce,N T,,kdb G Afu dedcrolects Other Stabilization Fund Article 40 $ 603,647 $ 2,650,000 $ 1,000,000 $ - $ 1,000,000 $ '.. (1,650,000) - 62,26% Senior Tax Work -Off Program Article 24 $ - $ 36,000 $ 40,000 $ - $ 40,000 $ 4,000 11.11% Brookhaven $ - $ 50,000 $ - $ - $ - $ (50,000) - 100.00% Post - Employment Benefits (OPEB) Article 37 $ - $ - $ - $ $ $ - 0.00% f Total Other Articles $ 603,647 $ 2,736,000 $ 1,040,000 $ - $ 1,040,000 $ (1,696,000) - 61.99% Note: Line -Items marked with an asterisk ( *) have been voted as continuing balance accounts. FY 2008 Appropriated Budget & Financing Plan 5 October 10, 2007 Program Summary This spreadsheet presents the recommended budget and financing plan by subprogram. A B C D E F G H I ELEMENT DESCRIPTION 2006 Actual 2007 Actual Department All Appropriated I Appropriated to FY 08 2008 Request Ad Total Change iC . 4 1n Enterprise Articles - Article 22 3700 Water Enterprise $ 5,408,102 5,628,900 $ 6,078,058 3800 Sewer Enterprise $ 6,279,508 6,681,282 $ 7,346,035 5200 Recreation Enterprise $ 1,481,913 1,503,079 $ 1,608,788 Capital (Operating) $ 80,000 75,000 $ 25,000 Total Recreation Funds (Oyer. Exp.ONLY) $ 13,249,523 $ 13,888,261 $ 15,057,881 Revolving Funds - Article 25 3320 Tree (DPW - Forestry) $ 4,056 $ 9,042 $ 75,000 3330 Burial Container (DPW-Cemetery) $ 18,920 $ 24,280 $ 33,000 3420 Compost Operations (DPW-Rec.) $ 193,132 $ 216,121 $ 229,234 3420 MHHP Operations $ 34,686 $ 85,431 $ 85,000 6120 Council on Aging Programs $ - $ - $ - 7140 Health Programs $ - $ - $ - 8140 Lexington Community Television $ 291,550 $ 301,118 $ 400,000 Total Revolving Funds $ 542,343 $ 635,992 $ 822,234 Grants Grants & Subsidies $ 173,390 $ 173,390 $ 173,390 Education $ 61,482,994 $ 63,436,428 $ 71,027,605 Shared Expenses $ 22,433,112 $ 25,481,058 $ 28,504,020 Municipal $ 22,624,947 $ 23,804,280 $ 26,047,201 Capital $ 1,153,000 $ 1,195,000 $ 1,380,000 Enterprise $ 13,249,523 $ 13,888,261 $ 15,057,881 Revolving Funds & Grants $ 715,733 $ 809,382 $ 995,624 Other S 603.647 S 2.736.000 S 1.040.000 FY 2008 Appropriated Budget & Financing Plan 6 October 10, 2007