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Q1 2017Q1 / FY2017 General Fund UpdateRevenue by SourceFY17 Budget Q1 / FY17 Actual Q1 / FY16 Actual Q/Q ($) Q/Q (%)\ Q1 / FY17 Revenue by Source - Excluding Real Estate & Property Taxes Q1 / FY17 Financial HighlightsReal Estate & Property Taxes 74,200,967$ 18,703,138$ 17,629,409$ 1,073,729$ 6%Excise Tax - Motor Vehicles 2,150,000 385,571 268,589 116,982 44%Excise Tax - Other (Meals, Rooms) 4,106,470 2,136,156 2,160,481 (24,325) (1%)Charges for Services44 600 13 545 8 366 5 179 62%Revenue For Quarter Ended September 30, 20168.8%2.9%1.0%3.5%Motor Vehicle ExciseOther Excise (Meals, Rooms)Total General Fund Revenue was up 6% quarter-over-quarter. FY2016 Revenue by Source a slowing growth in major local receipts Charges for Services44,600 13,545 8,366 5,179 62%Fees & Rentals 1,127,035 390,702 566,101 (175,399) (31%)License & Permits 1,457,050 327,881 387,789 (59,908) (15%)State Local Aid 3,178,487 823,777 539,982 283,795 53%Other Intergovernmental 244,800 125,918 89,154 36,764 41%Miscellaneous 342,535 44,241 97,377 (53,136) (55%)Transfers & Other Sources - 154,825 35,521 119,304 336%Total86,851,944$ 23,105,754$ 21,782,769$ 1,322,985$ 6%Revenue by FunctionFY17 Budget Q1 / FY17 Actual Q1 / FY16 Actual Q/Q ($) Q/Q (%)General Government 85,965,904 22,861,015 21,358,849 1,502,166$ 7%Safety & Protection 567,450 182,669 153,842 28,827 19%Marine & Coastal Resource 211,150 38,701 123,917 (85,216) (69%)Maintenance 107,440 9,508 140,936 (131,428) (93%)Local Revenue by Department Budget vs. ActualHuman Services 2 900 2 425 475 20%8.8%48.5%0.3%8.9%7.4%18.7%Other Excise (Meals, Rooms)Charges for ServicesFees & RentalsLicense & PermitsState Local AidOther Intergov'talMiscellaneousTransfers & Other Sources•Revenue excluding real estate and property taxes earned during Q1 is largely made up of excise taxes from the peak tourist season on the island. This quarter, revenue earned on rooms tax and meals tax were basically flat. In comparison, there was a 16% increase quarter-over-quarter during the same period last year.•By contrast, there was a sharp increase to motor excise taxes collected as compared to the t lt Total General Fund Revenue was up 6% quarter-over-quarter. •FY2016 Revenue by Source - a slowing growth in major local receipts categories•Local receipts, including all excise taxes, charges for services, fees & rentals, as well as license & permits, were up 4% over Q1/FY16.•Motor vehicle excise taxes were up 44% over the same quarter last year, while meals & rooms taxes were down 1%.•Fees and Rentals were lower in Q1/FY17 because of a timing issue in the payments of slip rentals in FY16 (repairs to Town Pier).•Building Permits drove License & Permits somewhat lower.•State Local Aid was up materially over last year's first quarter but was normalized on an annualized basis.•Miscellaneous revenue was lower due to investment interest which Human Services - 2,900 2,425 475 20%Transfers & Other Sources - 10,803 2,800 8,003 286%Total86,851,944$ 23,105,596$ 21,782,769$ 1,322,827$ 6%Revenue by Dep't - Excl. Real Estate & Property Taxes (Q1/FY17 vs Q1/FY16)-$ Local Revenue by Dep'tFY17 Budget Q1 / FY17 Actual Q1 / FY16 Actual Q/Q ($) Q/Q (%)Town Administration 494,650$ 181,512$ 184,235$ (2,723)$ (1%)Finance & Operations 9,633,637 3,505,357 3,061,079 444,279 15%Town Clerk 53,150 17,861 15,724 2,138 14%Planning and Land Use Services 1,557,400 446,530 456,872 (10,342) (2%)Police 510,500 171,169 142,452 28,717 20%Fire 56,950 11,500 11,390 110 1%Marine & Coastal Resource 211,150 38,701 123,917 (85,216) (69%)Natural Resources 26,100 6,617 11,532 (4,915) (43%)Public Works (DPW) 37,940 685 117,223 (116,537) (99%)T G69 500 8 822 23 713 (14 891) (63%)0% 50% 100%Town AdministrationFinance & OperationsTown ClerkPlanning and Land Use ServicesPoliceFireMarine & Coastal ResourceQ1 / FY16 Actual Q1 / FY17 Actual tax and meals tax were basically flat. In comparison, there was a 16% increase quarteroverquarter during the same period last year.•By contrast, there was a sharp increase to motor excise taxes collected as compared to the same quarter last year.was normalized on an annualized basis.•Miscellaneous revenue was lower due to investment interest which will be recorded in Q2. Important note: Revenue remains a projection until certified by the Town Gas 69,500 8,822 23,713 (14,891) (63%)Human Services - 2,900 2,425 475 20%Miscellaneous Recurring - 2,800 2,800 - -Miscellaneous Non-Recurring - 8,003 - 8,003 naTotal12,650,977$ 4,402,458$ 4,153,360$ 249,097$ 6%Total General Fund RevenueFY17 Budget Q1 / FY17 Actual Q1 / FY16 Actual Q/Q ($) Q/Q (%)86,851,944$ 23,105,754$ 21,782,769$ 1,322,985$ 6%FireMarine & Coastal ResourceNatural ResourcesPublic Works (DPW)Town GasHuman ServicesMiscellaneous RecurringMiscellaneous Non-Recurring General GovernmentBudget w/Carry forward Actual (As of 03/31/2016) LY Actual (As of 03/31/2015) % to BudgetFinance Committee 17,675$ 8,175$ 189$ 46%Finance & Operations 2,290,531$ 1,467,416$ 1,331,019$ 64%Human Resources 181,470$ 152,215$ 124,905$ 84%Information Systems / GIS 861,803$ 578,697$ 522,232$ 67%Legal / Town Counsel 369,834$ 255,447$ 269,907$ 69%Moderator 1,675$ -$ -$ 0%FY16 General Fund UpdateOperating Expenditures As of March 31, 20169%10%1%5%0%Planning and Land Use Services 1,898,884$ 1,149,315$ 1,034,727$ 61%Town Administration 987,946$ 782,686$ 702,559$ 79%Natural Resources 556,886$ 384,255$ 257,807$ 69%Town Clerk 320,990$ 217,333$ 208,534$ 68%Total7,487,695$ 4,995,540$ 4,451,878$ 67%Safety & ProtectionBudget w/Carry forward Actual (As of 03/31/2016) LY Actual (As of 03/31/2015) % to BudgetEmergency Management 7,000$ 1,859$ 1,714$ 27%Fire Department 2,634,975$ 1,947,945$ 1,694,622$ 74%Police & Animal Control 5,711,650$ 4,066,146$ 3,301,902$ 71%Street Lighting 181,808$ 70,575$ 55,798$ 39%Total8,535,434$ 6,086,525$ 5,054,035$ 71%Marine & Coastal ResourcesBudget w/Carry forward Actual (As of 03/31/2016) LY Actual (As of 03/31/2015) % to BudgetMarine Department 787,958$ 545,430$ 473,237$ 69%Total787,958$ 545,430$ 473,237$ 69%MaintenanceBudget w/Carry forwardActual (As of 03/31/2016)LY Actual (As of 03/31/2015)% to BudgetImportant Notes: A budget with carry forward includes an encumbrance of prior year funds carried into the next fiscal year and any Annual Town Meeting or Reserve Fund transfers.Overall General Fund actual expenses in FY2016 have decreasedby 2% as Important Notes: A budget with carry forward includes an encumbrance of prior year funds carried into the next fiscal year and any Annual Town Meeting or Reserve Fund transfers.Overall General Fund actual expenses in FY2016 have decreasedby 2% as 2%73%General GovernmentSafety & ProtectionMarine & Coastal ResourcesMaintenanceHuman ServicesCulture & RecreationOther ExpendituresImportant Notes: A budget with carry forward includes an encumbrance of prior year funds carried into the next fiscal year and any Annual Town Meeting or Reserve Fund transfers.Overall General Fund actual expenses in FY2016 have increasedby 11% as Maintenanceudget /Ca y o a dctua ( s o 03/3/06)ctua ( s o 03/3/05)% to udgetGas / Town Vehicles 380,000$ 150,778$ 186,042$ 40%Mosquito Control 111,843$ 73,764$ 70,782$ 66%Public Buildings 1,000,431$ 535,820$ 616,896$ 54%Public Works 2,590,103$ 1,928,516$ 1,595,869$ 74%Snow & Ice Removal 27,400$ 231,363$ 213,056$ 844%Total4,109,777$ 2,920,240$ 2,682,645$ 71%Human ServicesBudget w/Carry forward Actual (As of 03/31/2016) LY Actual (As of 03/31/2015) % to BudgetHuman Services 426,225$ 200,194$ 242,726$ 47%Total426,225$ 200,194$ 242,726$ 47%Culture & RecreationBudget w/Carry forward Actual (As of 03/31/2016) LY Actual (As of 03/31/2015) % to BudgetAtheneum 693,439$ 693,439$ 513,925$ 100%Town Clock 4,998$ 317$ 2,197$ 6%Visitor Services 431,030$ 328,495$ 240,244$ 76%Total1,129,467$ 1,022,251$ 756,366$ 91%funds carried into the next fiscal year and any Annual Town Meeting or Reserve Fund transfers.Overall, General Fund actual expenses in FY2016 have decreased by 2% as compared to FY2015.In the General Government category, the largest increase in costs in FY2016 as compared to FY2015 is in Natural Resources, where expenses have grown by 22% due to the addition of an Assistant Biologist position in FY2015. Town Administration experienced an increase of 11.47%, primarily driven by maintence costs, and the cost of the IT operational review. The Finance Department had an increase of 7%, which is a result of the triennial revaluation. In the Safety & Protection Category, the largest increase was in the Police Department, the increase was 27% year over year, this was primarily a result of increased personnel costs in FY16 v. FY15. In FY16, personnel costs increased 25% from FY15. The Marine Department increased by 15%, which is a result of increased seasonal staffing during FY16. Overall Maintenance increased by 13%, with the Public Works Department increasing by 25%, which is a result of increased staffing levels, which had been budgeted for. The decrease in Human Services is related to the timing of the entry to move a portion of the OIH Administrator salary to the Human Services budget. The Culture and Recreation budget experienced a 23 % increase in FY16 as compared to FY15. This increase is a result of the inclusion of the costs associated with the fireworks into the Visitor Services budget. Prior to FY16, this was paid from the C & I License plate fund. The increase in the Db S i Pi i l i l f db bi b kd h i l funds carried into the next fiscal year and any Annual Town Meeting or Reserve Fund transfers.Overall, General Fund actual expenses in FY2016 have decreased by 2% as compared to FY2015.In the General Government category, the largest increase in costs in FY2016 as compared to FY2015 is in Natural Resources, where expenses have grown by 22% due to the addition of an Assistant Biologist position in FY2015. Town Administration experienced an increase of 11.47%, primarily driven by maintence costs, and the cost of the IT operational review. The Finance Department had an increase of 7%, which is a result of the triennial revaluation. In the Safety & Protection Category, the largest increase was in the Police Department, the increase was 27% year over year, this was primarily a result of increased personnel costs in FY16 v. FY15. In FY16, personnel costs increased 25% from FY15. The Marine Department increased by 15%, which is a result of increased seasonal staffing during FY16. Overall Maintenance increased by 13%, with the Public Works Department increasing by 25%, which is a result of increased staffing levels, which had been budgeted for. The decrease in Human Services is related to the timing of the entry to move a portion of the OIH Administrator salary to the Human Services budget. The Culture and Recreation budget experienced a 23 % increase in FY16 as compared to FY15. This increase is a result of the inclusion of the costs associated with the fireworks into the Visitor Services budget. Prior to FY16, this was paid from the C & I License plate fund. The increase in the Db S i Pi i l i l f db bi b kd h i l funds carried into the next fiscal year and any Annual Town Meeting or Reserve Fund transfers.Overall, General Fund actual expenses in FY2016 have increased by 11% as compared to FY2015.In the General Government category, the largest increase in costs in FY2016 as compared to FY2015 is in Natural Resources, where expenses have grown by 49.05% due to the addition of an Assistant Biologist position in FY2016 and by the purchase of a vehicle . Town Administration experienced an increase of 10%, primarily driven by building maintenance costs. The Finance Department had an increase of 10%, which is a result of the triennial revaluation and the purchase of new capital software. In the Safety & Protection Category, the largest increase was in the Street Lighting category, the increase was 26.48% year over year, this was primarily a result of the repair of street lights. The Police Department increased 23% over FY15 which is a result of increased personnel costs in FY16 v. FY15. The Marine Department increased by 15%, which is a result of increased seasonal staffing during FY16. Overall Maintenance increased by 9%, with the Public Works Department increasing by 20%, which is a result of increased staffing levels, which had been budgeted for. The decrease in Human Services is related to the timing of the entry to move a portion of the OIH Administrator salary to the Human Services budget. The Culture and Recreation budget experienced a 35 % increase in FY16 as compared to FY15. This increase is a result of the inclusion of the costs associated with the fireworks into the Visitor Services bd d h i i f h h N k Ah Pi FY16 h Other ExpendituresBudget w/Carry forward Actual (As of 03/31/2016) LY Actual (As of 03/31/2015) % to BudgetDebt Service Principal 5,498,823$ 5,273,997$ 5,429,287$ 96%Debt Service Interest 1,733,364$ 1,286,789$ 1,544,350$ 74%Group Insurance 11,173,916$ 7,186,058$ 5,824,588$ 64%General Insurance 1,681,585$ 1,223,733$ 953,162$ 73%State & Retirement Assessments 3,971,701$ 3,615,208$ 3,769,744$ 91%Contractual Obligations 442,655$ -$ -$ 0%Intergovernmental 7,105,000$ 7,105,000$ 6,250,539$ 100%Education 25,108,642$ 16,421,349$ 14,577,197$ 65%Total56,715,686$ 42,112,134$ 38,348,868$ 74%Total General Fund Expenses Budget w/Carry forward Actual (As of 03/31/2016) LY Actual (As of 03/31/2015) % to Budget79,192,241$ 57,882,314$ 52,009,756$ 73%Total General Fund Expenses Budget w/ Carry forwardActual (As of 03/31/2016) LY Actual (As of 03/31/2015) % to Budget79,192,241$ 57,882,314$ 52,009,756$ 73%pinclusion of the costs associated with the fireworks into the Visitor Services budget. Prior to FY16, this was paid from the C & I License plate fund. The increase in the Debt Service Principal account is a result of debt payments being booked to the capital project accounts they were associated with, rather than the General Fund, during the review of FY15, this was identified, and the appropriate journal entries were done to correct this. The change from FY16 from FY15 is less than 3% when the entries are accounted for. The Intergovernmental category shows a decrease, which is a result of the transfer to the Enterprise Funds being done after the close of the 1st quarter. pinclusion of the costs associated with the fireworks into the Visitor Services budget. Prior to FY16, this was paid from the C & I License plate fund. The increase in the Debt Service Principal account is a result of debt payments being booked to the capital project accounts they were associated with, rather than the General Fund, during the review of FY15, this was identified, and the appropriate journal entries were done to correct this. The change from FY16 from FY15 is less than 3% when the entries are accounted for. The Intergovernmental category shows a decrease, which is a result of the transfer to the Enterprise Funds being done after the close of the 1st quarter. ygbudget experienced a 35 % increase in FY16 as compared to FY15. This increase is a result of the inclusion of the costs associated with the fireworks into the Visitor Services budget and the timing of the payments to the Nantucket Atheneum. Prior to FY16, the cost for the fireworks was paid from the C & I License plate fund. The increase in the Debt Service Principal account is a result of debt payments being booked to the capital project accounts they were associated with, rather than the General Fund, during the review of FY15, this was identified, and the appropriate journal entries were done to correct this. The Intergovernmental category shows an increase, which is a result of the transfer to the Enterprise Funds being done as a lump sum in the 2nd Quarter.