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HomeMy WebLinkAboutATM 18 ART 11 Ent Fund Ops1 Town of Nantucket ————ulu———— OFFICE OF THE TOWN & COUNTY CLERK 16 Broad Street NANTUCKET, MASSACHUSETTS 02554-3590 Catherine Flanagan Stover, MMC, CMMC Town & County Clerk (508) 228-7216 FAX (508) 325-5313 Home: (508) 228-7841 Email: cstover@nantucket-ma.gov flanaganstover@yahoo.com townclerk@nantucket-ma.gov WEBSITE: http://www.nantucket-ma.gov ————ulu———— April 4, 2018 TO WHOM IT MAY CONCERN: I, Catherine Flanagan Stover, duly elected Clerk of the Town and County of Nantucket, hereby certify that the April 3, 2018 ANNUAL TOWN MEETING adopted Article 11: “Appropriation: Fiscal Year 2019 Enterprise Funds Operations ” at the April 3, 2018 adjourned session when “...the adoption of all articles not heretofore acted upon as recommended by the Finance Committee, or as recommended by the Planning Board, was duly motioned, seconded, and voted in accordance with the motions recommended by the Finance Committee or, in the absence of a Finance Committee motion, then in accordance with the motions as recommended by the Planning Board, as printed in the Finance Committee Report, with technical amendments brought forward during the course of the meeting…” VOTE: The vote on the motion pursuant to Article 11 as moved by the Finance Committee, was by Unanimous Voice Vote. The motion was adopted. Catherine Flanagan Stover, MMC, CMMC Town and County Clerk ATM 18 Article 11,Page 1 of 3 2 ARTICLE 11 (Appropriation: Fiscal Year 2019 Enterprise Funds Operations) To see what sums the Town will vote to appropriate, and also to raise, borrow pursuant to any applicable statute, or transfer from available funds, for the operation of the Enterprise Funds of the Town of Nantucket for Fiscal Year 2019, out of anticipated revenues of the designated funds, for the purposes set forth above; or to take any other action related thereto. (Board of Selectmen for the Various Departments Indicated) FINANCE COMMITTEE MOTION: Moved that the following Fiscal Year 2019 operating budgets be approved for the Enterprise Funds, with the Siasconset Water appropriation to be expended through the Siasconset Water Commission; the Wannacomet Water appropriation to be expended through the Nantucket Water Commission; the Airport appropriation to be expended through the Nantucket Airport Commission; the remaining appropriations to be spent through the Board of Selectmen:  FY 2019 FY 2019 FY 2019 FY 2018 FUND PAYROLL EXPENSES TOTAL BUDGET TOTAL BUDGET Airport $4,927,360 $4,817,778 $9,745,138 $9,411,675 Our Island Home $6,585,496 $1,552,660 $8,138,156 $8,244,762 Sewer $2,203,610 $5,948,725 $8,152,335 $7,266,452 Siasconset Water $61,905 $1,001,068 $1,062,973 $1,067,773 Solid Waste $135,320 $9,901,466 $10,036,786 $9,128,884 Wannacomet Water $1,844,411 $3,863,899 $5,708,310 $5,804,090 TOTAL $15,758,102 $27,085,596 $42,843,698 $40,923,636 Further, that the above appropriations be funded as follows: FUND FUNDING SOURCES AMOUNTS Airport FY 19 Anticipated Revenues  $8,515,200 Airport Retained Earnings   $429,938 Airport Retained Earnings – Passenger Facility Charge $400,000 Airport Transfer from Fuel Revolver  $400,000 Our Island Home FY 19 Anticipated Revenues  $3,608,087 Our Island Home FY 19 Tax Levy and Other General Revenues $1,511,446 Our Island Home Retained Earnings  $3,018,623 Sewer FY 19 Anticipated Revenues  $7,387,820 Sewer Retained Earnings  $764,515 Solid Waste FY 19 Anticipated Revenues  $3,596,690 Solid Waste FY 19 Tax Levy and Other General Revenues $6,039,524 Solid Waste Retained Earnings  $400,572 3 Siasconset Water FY 19 Anticipated Revenues  $1,062,973 Wannacomet Water FY 19 Anticipated Revenues  $5,708,310 TOTAL FUNDING SOURCES $42,843,698