ML071570049
| ML071570049 | |
| Person / Time | |
|---|---|
| Site: | Pilgrim |
| Issue date: | 01/16/2007 |
| From: | Town of Plymouth, MA |
| To: | Office of Nuclear Reactor Regulation |
| References | |
| TAC MD3698 | |
| Download: ML071570049 (16) | |
Text
Swn of Plym.outh Fi scal Ye ar 2008 Budget Prnmer Budget Presentation January 16, 2007
Budget Development
- Objectives-
- Goal setting/performance based budget initiatives initiated with the FY 2007 budget
- Matching Department budgets with BoS goals
- Level Service Budget - continuing to see improved /
expanded services
- Continue with long-term perspective and planning
- Operating budgets; P Capital budgets; current year, 5 year and 10 years and over projections/submissions
Key Revenue Assum~ptions
- Revenue
- Taxes
- New Growth; level funded at $2,300,000
- 2.5% levy increase; $2,619,573
- BECO Stabilization Transfer
- $3,000,000
- Local Receipts
" Prior Years; used five year trend analysis
" FY 2006 declined, therefore allocation percent; 90 % of FY 2006 actual revenues
- State Aid
- State aid will be level funded at 2007 until otherwise confirmed by State Delegation
Revenue Summary Edison Payment General Stabilization Fund BECO Stabilization Fund; Operating Tax Levy Local Receipts State Aid Other Sources and Transfers Free Cash/Fund Balance Budget FY 2007 11,000,000.00 3,000,000.00 0.00 82,272,568.08 13,741,274.45 25,709,826.00 963,811.15 4,284,089.00
% Budget FY 2007 7.80%
2.13%
0.00%
58.36%
9.75%
18.24%
0.68%
3.04%
Budget FY 2008 1,000,000.00 3,000,000.00 3,000,000.00 99,729,101.53 13,746,755.04 25,709,826.00 929,275.05 2,693,070.00 Budget EY 2008 0.67%
2.00%
2.00%
66.57%
9.18%
17.16%
0.62%
1.80%
Budget Change FY 07 to 08 (10,000,000.00) 0.00 3,000,000.00 17,456,533.45 5,480.58 0.00 (34,536.10)
(1,591,019.00)
Percent Change FY 07 to 08
-90.91%
0.00%
21.22%
0.04%
0.00%
-3.58%
-37.14%
140,971,568.68 1.00 149,808,027.62 1.00 8,836,458.94 6.27%
R(
Free Cash/Fund wvenues by Category Edison Payment,
/-1,000,000.00,1%
- Balance, 2,693,070.00, 2%
Other Sources and Transfers, 929,275.05,1%
General Stabilization
.Fund, 3,000,000.00, 2%
BECO Stabilization Fund; Operating, 3,000,000.00, 2%
al Edison Payment M General Stabilization Fund o BECO Stabilization Fund; Operating o Tax Levy M Local Receipts M State Aid M Other Sources and Transfers 0 Free Cash/Fund Balance State Aid, 25,709,826.00,17%
Local Receipts, 13,746,755.04, 9%
Tax Levy, 99,729,101.53, 66%
Budget Guidelines
° Expenditures-Zero Base
-Wages and other Employee Compensation
" COLA; 3% increase
" Steps & Other Compensation
- Operating Expenditures
- Contractual Services, 1.5% target increase Fuel/Electricity/Utilities e Expected range 5% - 10% increase Fixed Costs
" Health and Other Insurances; 10% increase
" Pension; 8% increase
" Other Employee Benefits and Insurances 10%
Budgetary Constraints
" Edison "PILOT" payment decrease of $10 million.
" GASB Statements 43 & 45, and IBNR continue funding
" Fixed Costs Member benefits.
o 10% increase, or a $2,700,000 increase over FY 2007 Pension Contribution,
- 8% increase to reflect actuarial Fuel and Utilities; l 10% or $160,000 Other Fixed Costs
- Range up to 14% increases
" Municipal Salaries
- Steps plus 3% Cola; $750,000
" School budget
- Applying similar assumptions, $2,900,000 increase
Expendieture; Summar Budget Fiscal Year 2007 Budget Fiscal Year 2008 Budget Change 07 to 08 Percent Change 07 to 08 Operating Budget Municipal Services Fixed Costs Debt Service School Costs Total Operating Budget Other Uses Transfers to Enterprise Funds Other Funding Articles Total Other Uses Budget Total Projected Appropriations 27,196,425.19 31,297,413.46 6,001,870.99 68,699,573.00 27,374,959.92 35,006,208.58 6,439,457.86 71,599,573.00 178,534.73 3,708,795.13 437,586.87 2,900,000.00 0.66%
11.85%
7.29%
4.22%
133,195,282.63 140,420,199.36 7,224,916.73 5.42%
1,366,889.05 1,368,550.07 1,661.02 0.12%
6,409,397.00 8,009,455.00 1,600,058.00 24.96%
7,776,286.05 9,378,005.07 1,601,719.02 20.60%
140,971,568.68 149,798,204.43 8,826,635.75 6.26%
Expendi'tures; By Categrory Operating Budget m Municipal Services Other Funding
- Articles, 8,009,455.00, 5%
Transfers to Enterprise Funds, 1,368,550.07, 1 %
School Costs, 71,599,573.00, 49%
Municipal
- Services, 27,374,959.92, 18%
Fixed Cos 35,006,208.
23%
Debt Service,
'-6,439,457.86, 4%
m Fixed Costs D3 Debt Service I3 School Costs
- Transfers to Enterprise Funds M Other Funding Articles
Expenditures;'u Muni~ci~pal Servi~ces Budget Fiscal Year 2007 Budget Fiscal Year 2008 Budget Change 07 to 08 Percent Change 07 to 08 Municipal Services Administrative Services Department of Finance Department of Community Resources Department of Inspectional Serves Department of Planning and Development 1,358,973.32 1,781,499.97 1,944,076.00 718,758.67 510,035.30 16,372,632.43 4,510,449.50 1,461,258.48 2,082,211.63 2,041,358.76 752,189.81 550,376.90 16,422,520.06 4,065,044.28 102,285.16 300,711.67 97,282.76 33,431.14 40,341.60 49,887.63 (445,405.22) 7.53%
16.88%
5.00%
4.65%
7.91%
0.30%
-9.87%
Department of Public Safety Department of Public Works 27,196,425.19 27,374,959.92 178,534.73 0.66%
Expenditures; Fixed Costs Budget Fiscal Year 2007 Budget Fiscal Year 2008 Budget Change 07 to 08 Percent Change 07 to 08 Fixed Costs TOWN: Salary Reserve Account FinCom Reserve Account Fuel and Utility Reserve Tax Title Foreclosure Snow and Ice Street and Traffic Lighting 750,000.00 100,000.00 340,000.00 65,000.00 290,491.88 315,000.00 5,799,028.93 1,803,894.00 21,173,610.00 660,388.65 200,000.00 100,000.00 2,092,129.94 65,000.00 301,526.69 0.00 6,146,245.00 2,051,450.00 23,291,100.00 758,756.95 (55o,000.oo) 0.00 1,752,129.94 0.00 11,034.81 (315,000.00) 347,216.07 247,556.00 2,117,490.00 98,368.30
-73.33%
0.00%
515.33%
0.00%
3.80%
-100.00%
5.99%
13.72%
10.00%
14.90%
Pensions Member Benefits Member Insurance Town Insurance Total Fixed Costs 31,297,413.46 35,006,208.58 3)708)795.13 11.85%
Expenditures;p Other Costs Budget Budget Budget Fiscal Year Fiscal Year Change 2007 2008 07 to 08 Percent Change 07 to 08 Other Costs Debt Service Transfers to Enterprise Funds Airport Enterprise Wastewater Enterprise Water Enterprise Fund Solid Waste Enterprise Fund Total Transfers and Intergovernmental Other Costs 6,001,870.99 971,091.93 122,301.61 273,495.51 1,366,889.05 7,368,760.04 6,439,457.86 971,343.13 115,721.94 281,485.00 1,368,550.07 7,808,007.93 437,586.87 251.20 (6,579.67) 7,989.49 1,661.02 439,247.89 7.29%
0.03%
-5.38%
2.92%
0.12%
5.96%
Expenditres, School Operating Budget Budget Budget Percent Fiscal Year Fiscal Year Change 07 to 08 Change 07 to 08 2007 2008 School Costs Personal Services 51,682,876.0 0
54,070,850.00 17,016,697.0 0
17,528,723.00 2,387,974.00 4.62%
Operating Expenses 512,026.00 3.01%
68,699,573.0 0
71,599,573.00 2,900,000.00 4.22%
Expenditures; Other Amounts to be Raised Budget Budget Budget Percent Fiscal Year Fiscal Year Change Change 2007 2008 07 to 08 07 to 08 Article 8; Non-Cap Equipment Capital Funding Other Funding Articles Unemployment Compensation Plan Transfer to Stabilization Household Hazardous Waste Other Amount to be Raised-Tax Recap Overlay Reserve Cherry Sheet Offsets Snow and Ice Unfunded Lability (GASB 43)
Unfunded IBNR Insurance 500,965.00 1,040,310.00 100,000.00 0.00 12,600.00 445,263.00 693,070.00 103,000.00 1,500,000.00 12,600.00 1,000,000.00 3,755,522.00 0.00 0.00 500,000.00 8,009,455.00 (55,702.00)
(347,240.00) 3,000.00 1,500,000.00 0.00 0.00 0.00 0.00 0.00 500,000.00 1,600,058.00
-11.12%
-33.38%
3.00%
0.00%
0.00%
0.00%
1,000,000.00 3,755,522.00 0.00 0.00 0.00 6,409,397.00 24.96%
Article 8 Clerk Information Technology Parks Engineering Highway Maintenance Emergency Management Fire Harbor Master Library Police Procurement Veterans 11,692.00 75,000.00 15,753.00 13,500.00 21,995.00 54,331.00 5,500.00 13,600.00 9,500.00 10,085.00 223,207.00 4,000.00 1,800.00 459,963.00 7,200.00 7,500.00 Total Article Requests Funded by Sewer Enterprise Funded by Municipal Waterways Account Net General Fund Impact 445,263.00
Pro forma Tax Rate I Tax Bill Data FISCAL YEAR 2008*
2007*
2006 TOTAL VALUE SINGLE FAMILY PARCELS
$5,891,866,583
$6,245,258,065
$5,891,866,583 NUMBER OF SINGLE FAMILY PARCELS 17,431 17,431 17,082 AVG VALUE SINGLE FAMILY PARCELS
$358,285
$358,285
$344,917 AVG BILL TAX RATE 11.19 9.71 9.88 AVERAGE TAX BILL
$4,009.20
$3,478.94
$3,407.78 INCREASE/
(DECREASE) 530.26 71.17 185.12 estimate
$4,201.09 679.49
- Estimated taxes based on FY07 average single famiAy home
- Estimated tax rate