Steve Felton / Chairman Mark Scarano / Vice Chairman Susan MacLeod / Secretary Anne Abear ...
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Transcript of Steve Felton / Chairman Mark Scarano / Vice Chairman Susan MacLeod / Secretary Anne Abear ...
Steve Felton / Chairman
Mark Scarano / Vice Chairman
Susan MacLeod / Secretary
Anne Abear
Jeanette Stewart
The CIP CommitteeThe CIP Committee
To prepare and recommend a 10 year plan on anticipated capital project needs and costs to help the governing bodies and budget committee as well as the town residents to better plan for anticipated future capital costs.
Purpose of the Capital Purpose of the Capital Improvement ProgramImprovement Program
3
Ashland CIP Update Ashland CIP Update 2013 2013
What has been accomplished?
What will be the next steps?
Why we need to plan for the future?
Expertise and input of Department Heads
Depreciation tables of all town assets
Master Plan direction and needs
Templates and information other municipalities have used to prepare their CIP plans
Data on past and estimated future operating budget needs to create a picture of potential future budget costs
Tools to UseTools to Use
Meet with each of the governing bodies of the town to include Select Board, School, Utility Commissioners and Library Trustees to discuss purpose and process
Have the Department Heads prepare a 10 year capital project needs list to include reason, priority, estimated cost, year of need, and supporting information
What is the Process ?What is the Process ?
Work with each Department Head to refine and expand information submitted
Review other tools mentioned to construct a 10 year spreadsheet of estimated capital costs
Prepare recommendations by year for the Budget Committee and governing boards
What is the Process ?What is the Process ?
Develop previous 10 year trend and future 10 year estimate of operating budgets to create a clear picture of future needs, their estimated costs, and anticipated cost to taxpayers.
Create a financial picture that includes operating budgets, capital needs budgets, and factoring in state, county, federal, and education costs to allow for better long term planning
What is the Process ?What is the Process ?
Town
School
Sewer
Water
Electric
Total
10 year Capital Project 10 year Capital Project CostsCosts
$5,559,810
$312,400
$3,107,500
$797,000
$575,387
$10,352,097
See 2014 Handout
Review 2014 Review 2014 Recommendations Recommendations
Impact on property tax burden Growing assessed value of town Thinking “out of the box” for solutions Pursuing regional cooperation Potential long term bond needs for water
and sewer Creating an action plan for pursuing grants Leveraging our financial situation,
demographics and size for additional state and federal funds
Issues to ConsiderIssues to Consider
Input additional information needed
Create worksheet with history of expenses
Create estimated revenue projections
Create estimated operating expense projections
Present additional information to governing bodies and public
Next StepsNext Steps
To maintain/create a financial vision for Ashland
To maintain financial stability
To save for known expenses
To help stabilize tax rates
To be prepared for changes in state, county or federal funding
Planning for the FuturePlanning for the Future