Town of Adams FY2012 Budget Presentation. TOWN OF ADAMS FY2012 BUDGET PRESENTATION.

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


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


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


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


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


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



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


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


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


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


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


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

Town of Adams FY2012 Budget Presentation. TOWN OF ADAMS FY2012 BUDGET PRESENTATION.

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Transcript of Town of Adams FY2012 Budget Presentation. TOWN OF ADAMS FY2012 BUDGET PRESENTATION.