town of adams fy2012 budget presentation. town of adams fy2012 budget presentation
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Town of Adams
FY2012 Budget Presentation
TOWN OF ADAMS FY2012BUDGET PRESENTATION
FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 11,700,000
12,200,000
12,700,000
13,200,000
13,700,000
14,200,000
13,298,883
13,111,857
13,927,696
13,275,678
13,437,737
12,710,431
BUDGET TRENDS - TOTAL BUDGET
TOWN OF ADAMS FY2012BUDGET PRESENTATION
FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 $1,500,000
$1,750,000
$2,000,000
$2,250,000
$2,500,000
$2,750,000
$2,589,097 $2,654,280
$2,426,576
$2,188,597 $2,118,499
$1,959,109
STATE AID TRENDSNET OF OFFSETS - 9C REDUCTION FY2009 INCLUDED
TOWN OF ADAMS FY2012BUDGET PRESENTATION
2007 2008 2009 2010 2011 2012* -
250,000
500,000
750,000
1,000,000
1,250,000
1,500,000
1,750,000
2,000,000
2,250,000
2,500,000
ADAMS FREE CASH TRENDS
FREE CASH AVAILABLE
FREE CASH USED ON TAX RATE
FREE CASH USED FOR PROJECTS
* PROPOSED USE
TOWN OF ADAMS FY2012BUDGET PRESENTATION
Revenues By Category - FY2012 Budget
TYPE OF ESTIMATED REVENUE ESTIMATED AMOUNT
Property Taxes - up $587,845 8,724,131
Local Aid (State Aid) Governor's 7% Reduction 1,969,915
Estimated Local Receipts 1,249,500
Other Available Funds - Stabilization Fund 187,885
Other Avail. Funds - Parking Meter Fund 15,000
Other Available Funds - Technology/Perpetual Care 15,000
Other Available Funds - Council on Aging Fund 49,000
Free Cash - to offset Tax Rate 500,000
Total Revenue 12,710,431
TOWN OF ADAMS FY2012BUDGET PRESENTATION
8724131; 69%
1969915; 15%
1249500; 10%
187885; 1%
Other Avail. Funds - Parking Meter Fund; 15000; 0%
15000; 0%49000; 0%
500000; 4%
Revenues by Category - FY2012 BudgetOther Avail. Funds - Tech-nology & Perpetual Care
Other Avail. Funds - Council on Aging
Fund
Free CashOther Avail. Funds - Stabilization Fund
Estimated Local Receipts
Estimated Local Aid
Property Taxes
TOWN OF ADAMS FY2012BUDGET PRESENTATION
Tax Levy VS Total BudgetHistorical Comparison
Fiscal Property Total Budget Property Tax as Year Tax a % of Total Revenue
2006 6,675,729 12,710,232 52.6%2007 7,349,753 13,518,883 54.4%2008 7,515,089 13,332,857 56.4%2009 7,957,840 14,158,696 56.2%2010 7,812,601 13,690,678 57.1%2011 8,197,966 13,437,737 61.0%
EST 2012 8,724,131 12,710,431 68.6%
FY2011 Cherry Sheet Estimate
FY2012 Governor’s Budget (H1) Difference
Education: Chapter 70 0 0 School Transportation 0 0 0 Charter Tuition Reimbursement 0 0 0Offset Receipts: School Lunch 0 0 0 School Choice Receiving Tuition 0 0 0Sub-Total, All Education Items 0 0 0 General Government: Unrestricted General Government Aid 1,980,179 1,837,004 -143,175 Local Share of Racing Taxes 0 0 0 Regional Public Libraries 0 0 0 Police Career Incentive 3,859 3,799 - 60 Urban Renewal Projects 0 0 0 Veterans’ Benefits 24,853 11,401 -13,452 State Owned Land 51,862 51,672 - 190 Exemptions: Vets, Blind, Surviving Spouses & Elderly 57,746 55,233 -2,513Offset Receipts: Public Libraries 11,571 10,806 - 765Sub-Total, All General Government 2,130,070 1,969,915 -160,155 Total Estimated Receipts 2,130,070 1,969,915 -160,155
Massachusetts Department of RevenueDivision of Local Services
FY2012 Local Aid EstimatesADAMS
TOWN OF ADAMS FY2012BUDGET PRESENTATION
TOWN OF ADAMS FY2012BUDGET PRESENTATION
ESTIMATED LOCAL RECEIPTS
Actual 2009ESTIMATED
FY2010 ACTUAL 2010 ESTIMATED
FY2011 ESTIMATED
FY2012
Motor vehicle excise 773,380 700,000 764,353 746,000 760,000 Other excise 9,723 8,000 8,196 8,000 8,000 Penalties and interest on taxes and excises 61,153 42,000 83,732 50,000 68,500 Payments in lieu of taxes 116,885 110,000 122,532 110,000 110,000 Charges for Services - sewer 38,204 25,000 47,143 33,000 47,000 Other charges for services Fees 73,526 63,000 65,575 65,000 65,000 Rentals 10,962 10,000 11,412 10,000 10,000 Departmental revenue - Libraries Departmental revenue - Cemeteries 30,729 25,000 28,925 25,000 28,000 Departmental revenue - Recreation Other departmental revenue 13,115 Licenses and permits 79,100 74,000 82,716 82,000 78,000 Special assessments Fines and forfeits 40,508 35,000 43,282 40,000 40,000 Investment income 59,290 35,000 22,486 22,000 35,000 Misc Non recurring 159,658 57,082 TOTALS 1,453,118 1,127,000 1,350,549 1,191,000 1,249,500
TOWN OF ADAMS FY2012BUDGET PRESENTATION
Fund Balance Estimates available for appropriationOther Available Funds:
Actual Estimated Additions Appropriated Estimated Available PROPOSED
ESTIMATED REMAINING
Balance Fiscal 2011 Fiscal Balance Appropriation BALANCE
as of 7/01/10 INTEREST PRINCIPAL 2011 FOR FY12 Fiscal 2012
Stabilization 638,569 7,000 150,000 191,460 604,109 187,885 416,224
Council on Aging - Receipts 137,490 30,000 107,865 59,625 49,000 10,625
Cemetery Investment Fund (Sale of Lots) 208,797 1,200 8,000 7,000 210,997 0 210,997
Parking Meter Fund 95,912 5,500 35,000 66,412 15,000 51,412
Technology Fund 36,066 21,500 33,600 23,966 10,000 13,966
Quaker Meeting Trust 16,340 160 3,000 13,500 0 13,500
Cemetery Perpetual Care - 384,066 8,000 392,066
Interest only available for expenditure 30,287 4,500 5,000 29,787 5,000 24,787
Total Estimate to be used for FY2012 266,885
TOWN OF ADAMS FY2012BUDGET PRESENTATION
Stabilization Fund- 2007 to Current
Stabilization Fund - 7-1-07 1,586,276.94 Deducted FY08 (621,566.00)Interest FY08 65,102.53 Addition FY08 100,000.00 Transfer in from Reserve Account Balance 6/30/08 93,509.00
Stabilization Fund - 7-1-08 1,223,322.47 FY09 Appropriation (599,721.00)Estimated Interest Est FY09 45,882.71 Addition FY09 150,000.00 Transfer - Balance of Reserve Account 6/30/09 188,615.29
Stabilization Fund - 7-1-09 1,008,099.47 Deduction FY10 (450,000.00)Interest Est FY10 26,115.95 Addition FY10 NoneTransfer - Balance of Reserve Account 6/30/10 54,354.00
Stabilization Fund - 7-1-10 - Estimated 638,569.42 Appropriated Deduction - FY11 (191,460.00)Estimated Interest FY11 7,000.00 Estimated Transfer - Balance of Reserve Fund FY11 150,000.00
Estimated Balance 604,109.42
Stabilization Fund - 7-1-11 - EstimatedProposed Deduction - FY12 (187,885.00)Estimated Interest FY12 4,000.00
Estimated Balance 420,224.42
TOWN OF ADAMS FY2012BUDGET PRESENTATION
Free Cash
Free Cash - Certified for July 1, 2010 For use through June 30, 2011 1,254,485
Free Cash Article to reduce the Tax Rate 500,000
Total to be used for FY11 Tax Rate 500,000
Balance Available for appropriation thru June 30, 2011 754,485.00
TOWN OF ADAMS FY2012BUDGET PRESENTATION
Estimated Expenditures By Category - FY2012 Budget
Personal Services 5,421,992 Operating Expense 1,824,116 Capital 660,680 ACRSD Budget 3,940,208NBVRSD Budget 622,968Offset Receipts: Library Aid 10,806 State Cherry Sheet Charges 44,413 Overlay Reserve 185,248
Total Expenditures 12,710,431
TOWN OF ADAMS FY2012BUDGET PRESENTATION
5421992; 43%
1824116; 14%660680; 5%
3940208; 31%
622968; 5%
10806; 0%44413; 0%
185248; 1%
Estimated Expenditures by Catagory - FY2012
NBVRSD
State Charges Library Grant Overlay
Personal Services
Operating Expenses
ACRSD
Capital