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