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Home My WebLink AboutFY19 Town Admin GF Budget Follow Up Slides w LG corrections BT - 12.20.17 Town Administration Fiscal Year 2019 General Fund Budget Revised Recommendations/Updates December 20, 2017 Board of Selectmen’s Meeting 12/20/2017 2 General Fund Certified Free Cash $6,215,883 Fund Town Expense Increase Requests (one-time) $192,900 Fund Town Expense Increase Requests (one-time) $492,900 Fund School Expense Increase Requests (one-time) $133,000 Fund Town & School Capital Projects $4,605,416 Fund Affordable Housing Trust Fund $800,000 Fund Affordable Housing Trust Fund $600,000 Unallocated Free Cash $384,567 Preliminary Free Cash Recommendation (Subject to Change) •Current structure does not allow for full funding of Town and School priorities •Options could free up additional funds in the General Fund 3 12/20/2017 Our Island Home Our Island Home FY 2019 Budget Funding Alternatives Recommendation: Option #1 – REVISED •Reduce FY19 General Fund subsidy to Our Island Home to $755,723 •Use approx. $750,000 now available to fund ONE-TIME expenses to pay for DPW transportation and facilities capital projects currently proposed as part of capital exclusion •Resume higher subsidy in FY20 or recommend override with updated plan for future OIH facility & operations Status Quo Option #1 Decrease Subsidy / Increase Use of Retained Earnings Option #2 Cover Deficit Solely with Retained Earnings Option #3 Cover Deficit with Tax Override Revenue $4,284,095 Expenses (8,199,762) Operational Deficit (3,915,667) (3,915,667) (3,915,667) (3,915,667) Transfer from Retained Earnings 2,404,221 3,159,944 3,915,667 - General Fund Subsidy 1,511,446 755,723 - - Tax Override - - - 3,915,667 Operational Deficit After Transfers - - - (3,915,667) Certified Retained Earnings as of July 1, 2017 5,321,795 Less: Transfer from Retained Earnings (2,404,221) (3,159,944) (3,915,667) - Projected Retained Earnings 2,917,574 2,161,851 1,406,128 5,321,795 12/20/2017 4 Historical Information Our Island Home 2013 2014 2015 2016 2017 General Stabilization $3,740,988 $4,776,308 $4,834,733 $5,044,535 $5,053,411 Capital Stabilization $0 $0 $1,000,000 $1,250,000 $1,250,000 OPEB Trust Fund $250,111 $248,522 $765,994 $1,341,213 $1,903,825 Stabilization and Trust Funds Certified Free Cash 2013 2014 2015 2016 2017 Certified Free Cash $5,671,200 $5,201,357 $5,405,506 $6,642,219 $6,215,883 FY2013 FY2014 FY2015 FY2016 FY2017 General Fund Subsidy 2,261,560$ 2,295,000$ 2,267,598$ 2,295,000$ 2,762,535$ Certified Retained Earnings 2,054,350 1,747,556 1,649,432 5,962,402 5,321,795 CPE Payment 1,798,751 1,017,038 1,690,143 5,204,549 1,324,207 (1) (1) CPE payment received in FY2016 represented two years of payments. •$ 3,729,089 Submitted Requests •$ 1,544,200 Recommended (+287,300) –One-time $ 573,900 (+300,000) –Ongoing $ 973,300 (-12,700) •To be funded through available tax levy, budget adjustments, alternate funding sources, free cash, potential revenue increases 5 12/20/2017 FY 2019 Town Expense Increase Requests (included in recommended budget, excluding school & AHTF) 6 12/20/2017 FY 2019 Recommended Town Expense Increase Requests (1) (1) Includes health insurance benefits. Department Description of Expense Request One-Time or Ongoing Amount Recommended Personnel Expense Increase Requests (EIRs) DPW Capital Project Manager / DPW Facilities Director Ongoing $ 150,000 DPW Add'l Mechanic Ongoing 86,000 PLUS Senior Planner / Code Enforcement Ongoing 114,000 Town Admin Open Meeting Law (OML) Compliance Position Ongoing 95,000 HR Benefits Coordinator Ongoing 90,000 DPW Add'l Mechanic Ongoing 86,000 Police Dispatch PT to FT position Ongoing 54,300 PLUS Building Inspector (PT) Ongoing 72,000 Various Increase in Overtime, Shift Coverage and Reclassifications Ongoing 75,000 Total Personnel Expense Increase Requests $ 822,300 Operating Expense Increase Requests (EIRs) DPW / Facilities Increase in overall Facilities and Public Works budget One-time 225,000 DPW (Mosquito Control) Increase in island-wide service Ongoing 50,000 Fire Siasconset fire station building study One-time 30,000 Fire Purchase of mechanical CPR devices One-time 16,000 Health (Central Fleet) Replacement of inspection vehicle One-time 35,000 IS GIS Support services for virtualization project Ongoing 12,000 IS GIS MUNIS self-service project One-time 11,400 Natural Resources Pond management program Ongoing 25,000 Natural Resources (Central Fleet) Replacement of department vehicle One-time 35,000 Town Admin Board of Selectmen strategic plan implementation One-time 50,000 Town Admin Municipal employee housing rent Ongoing 34,000 Town Admin NCTV annual meeting recording increase Ongoing 27,000 Town Admin (Facilities) Mobile bathroom trailer for Surfside or Cisco Beach One-time 50,000 Town Admin Real Estate Specialist (Contract Services) One-time 100,000 Town Clerk Increase for election-related expenses One-time 15,000 Town Clerk Voter check-in tablets One-time 6,500 Total Operating Expense Increase Requests $ 721,900 Total Town Personnel & Operational Expense Increase Requests $ 1,544,200 Funding Source Amount Tax Levy & Other General Revenues $839,000 Tax Levy & Other General Revenues $829,300 Free Cash $192,900 Free Cash $492,900 Other Funds $81,000  Ambulance Reserve $16,000  Beach Improvement Revolver $65,000 Departmental Budget Reallocations $144,000 Total - All Funding Sources $1,256,900 Total - All Funding Sources $1,544,200 7 12/20/2017 FY 2019 Town Expense Increase Requests Funding Source Detail