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Home My WebLink AboutTown Admin GF Budget for BoS - FY20 Final as of COB 12_14_2018Town Administration Fiscal Year 2020 General Fund Budget Recommendations December 19, 2018 Select Board Meeting Administration & Select Board Goals and Priorities for FY 2020 •Balanced budget –within projected revenue •Strategic Plan •Staffing Study •Capital and operational investment in infrastructure/facilities •Project management •Housing (community and employee) 212/14/2018 •Strategic Plan -Environmental Leadership -Coastal Resiliency/Hazard Mitigation -Water Quality -Sustainability •Housing •Transportation –Parking Demand Management •Staffing Study –Resources for Legal and other mandates –Addresses Service Demands 312/14/2018 Initiatives/Needs/Goals Addressed with Budget Recommendations •Personnel -Review staffing when key positions become vacant -Combine/consolidate duties where appropriate -Cross-train staff where appropriate -Increase training and educational opportunities so as to reduce reliance on consultants, reduce legal fees and increase professional qualifications and expertise (i.e. technical skills such as project management) •Review and refine internal controls/processes, procedures and policies •Awarded 2 Compact Community Grants –1) ADA Transition Plan –2) Implementation of Human Resources Best Practices •Update of HR Policies and Procedures •Collective Bargaining Best Practices Review •Seek grant for Sustainability Plan 412/14/2018 Efforts to Reduce Expenses and Increase Efficiency, Transparency •Revenue –Total Projected Revenue of $101,476,558 –Net of Property Tax Abatements •Expenses –Total Projected Expenses of 101,474,236 •Projected FY 2020 Unused Levy Capacity $2,322 512/14/2018 FY 2020 General Fund Budget Overview FY 2020 General Fund Budget Summary Comparison 612/14/2018 (1) FY 2020 state aid represents level funding from FY 2019 approved figure. •See Appendix A for detailed breakdown. REVENUES FY2019 FY2020 $ Change % Change Property Tax 79,820,606 85,639,814 5,819,208 7.3% Local Receipts (All other)2,535,680 2,605,300 69,620 2.7% Motor Vehicle Excise 2,450,000 2,690,000 240,000 9.8% Rooms and Meals Tax 3,850,000 4,394,800 544,800 14.2% Licenses and Permits 1,479,100 1,450,000 (29,100) (2.0%) State Aid (1) 3,320,527 3,809,322 488,795 14.7% Free Cash 1,125,900 885,000 (240,900) (21.4%) Other Available Funds - - - na TOTAL REVENUES 94,581,813 101,474,236 6,892,423 7.3% EXPENDITURES Municipal Departments 27,099,244 29,198,463 2,099,219 7.7% School Department 29,269,642 30,636,642 1,367,000 4.7% Non-Departmental 26,125,777 29,602,663 3,476,886 13.3% Special Appropriations 12,087,150 12,036,468 (50,682) (0.4%) TOTAL EXPENDITURES 94,581,813 101,474,236 6,892,423 7.3% THE FY2020 BUDGET 712/14/2018 FY 2020 General Fund Budget Projected Revenue Tax Revenue 85% Local Receipts -All Other 3% Motor Vehicle 3% Rooms and Meals 4%Licenses and Permits 1% State Aid 4% 812/14/2018 FY 2020 General Fund Projected Expenses Municipal Departments 28.9% School Department 30.4% Non-Departmental 29.3% Special Appropriations 11.4% Category FY 2020 Current Projection Notes Town Operational Expenses $8,085,254 Town Operational EIR’s (1)$1,048,026 Included in Town expenses Town Salaries $21,113,209 Contracts in negotiations; c/b allowance Town Personnel EIR’s $673,807 Included in Town salaries School Operational Expenses $5,217,620 School Operational EIR’s $160,000 Included in School expenses School Salaries $24,919,022 Contracts in negotiations; c/b allowance School Personnel EIR’s $540,000 Included in School salaries 912/14/2018 FY 2020 General Fund Budget Expense Categories (1) EIR = Expense Increase Request, excludes AHTF. Category FY 2020 Current Projection % Change over FY 2018 Budget Health Insurance Active $9,958,798 11.0% increase Retiree $3,319,596 11.0% increase General Insurance $1,983,520 10.0% increase Debt Service $9,071,843 per established schedule Retirement $4,796,286 8.5% increase Enterprise Fund Subsidies $8,915,845 8.07% Increase 1012/14/2018 FY 2020 General Fund Budget Fixed Costs •See Appendix A for detailed breakdown. Category FY 2020 Current Projection % Change over FY 2019 Budget Health & Human Services $450,000 No Change County Assessment $170,201 No change Reserve Fund $500,000 No change Unpaid Bills $20,000 No change Other Post Employment Benefits (OPEB) $500,000 No change Overlay & Other Deficits $0 $0 Cherry Sheet Charges $506,166 2.5% increase Community School $500,000 11.0% Increase Min Cap Funding Req.$974,276 n/a -1% of prior year revenue TOTAL EXPENSES $101,434,236 1112/14/2018 FY 2020 General Fund –Special Appropriations •$ 6,209,782 Submitted Requests •$ 5,142,533 Recommended –One-time $ 1,003,000 •Affordable Housing Trust Fund $ 3,000,000 –On-going $ 1,139,533 •To be funded through available tax levy, budget adjustments, alternate funding sources, free cash, potential revenue increases 1212/14/2018 FY 2020 Town Expense Increase Requests (included in recommended budget, excluding school) 13 FY 2020 Recommended Town Expense Increase Requests (1) Department Description of Expense Request One-Time or Ongoing Approved EIRs Personnel Expense Increase Requests (EIRs) Fire Addition of one Clerical Postion Ongoing 35,000 Fire Addtition of 2 FF/Paramedics Ongoing 183,496 Health Create one additional full-time Health Inspector Ongoing 107,000 HR HR Generalist Ongoing 95,000 NRD Addntl Seasonal Position One-Time 15,000 Finance Capital Asset Manager Ongoing 115,000 IT Add a MUNIS Application Support Specialist Ongoing 112,000 Police Create an Addtnl Police Officer Position in the Ops Division Ongoing 93,000 Harbormaster Create one additional Lifeguard Supervisor position Ongoing 23,500 NRD Coordinator Position / Resiliency Coordinator Ongoing 114,000 Various Overtime and Reclassifications Ongoing 73,511 Total Personnel Expense Increase Requests 966,507$ Operating Expense Increase Requests (EIRs) C&T Installation of 2 outdoor water stations One-Time 13,000 C&T Electric Vehicle One-Time 40,000 C&T Purchase of 10 Bike racks One-Time 10,000 Fire Replacement of Fire Prevention Officer Vehicle One-Time 45,000 Fire Additional Department Vehicle for command staff One-Time 49,000 Fire Purchase Mechanical CPR devices One-Time 18,000 Health Replace one of two inspection vehicles One-Time 35,000 HR MEPA Audit One-Time 30,000 HR OSHA Compliance Plan One-Time 50,000 IT Department Vehicle One-Time 20,000 IT Phase II of EnerGov project for permitting/liscensing interface One-Time 82,000 IT Security Assessment (should be performed every 3-5yrs)One-Time 50,000 IT Virtualization maintenance and support One-Time 16,000 IT Team Dynamix Project Portfolio Managetment Software One-Time 15,000 NRD Harbor Plan Update One-Time 100,000 Police/Harbormaster Shark Warning Signs with Theft Proof Mounts for Beaches One-Time 10,000 Town Admin Strategic Plan Initiatives One-Time 100,000 Town Admin Strategic Plan Facilitation One-Time 100,000 Town Admin Legal Budget Increase One-Time 100,000 Town Admin Affordable Housing Trust One-Time 3,000,000 Town Admin Sustainability Plan One-Time 50,000 Town Admin Staffing Study Implementation One-Time 80,000 DPW Mosquito Control contractual increase Ongoing 4,010 DPW Increase safety uniforms budget Ongoing 4,000 DPW Vehicle maintenance budget increase Ongoing 10,000 DPW Equipment maintenance budget increase Ongoing 30,000 DPW Design/construction support srvcs to implement various DPW projects Ongoing 30,000 DPW Increase protective clothing budget Ongoing 5,000 Fire Increase funding for training Ongoing 63,000 IT Upgrade current comcast modem service to Ethernet Dedicated Internet Ongoing 17,016 Total Operating Expense Increase Requests 4,176,026$ Total Town Personnel & Operational Expense Increase Requests 5,142,533$ (1) (1) Includes Health Insurance Benefits Italics represents overlap between Staffing Study Recommendation and Departmental Request * PLUS Overtime; DPW Overtime; Asst. Harbormaster; HR Reclassification; IT Increase * Funding Source Amount Tax Levy & Other General Revenues $1,076,833 Free Cash $885,000 Other Funds $3,130,700 ▪Ambulance Reserve $18,000 ▪Beach Improvement Revolver $112,700 ▪Cape & Islands License Plate Fund (Up to) $50,000 ▪CPC Borrowing $3,000,000 Total -All Funding Sources $5,142,533 1412/14/2018 FY 2020 Town Expense Increase Requests Funding Source Detail 12/14/2018 15 General Fund Certified Free Cash $9,593,671 Fund Town Expense Increase Requests (one-time)$885,000 Fund Town & School Capital Projects $5,000,000 Fund Debt Service $300,000 Unallocated Free Cash*$3,408,671 Preliminary Free Cash Recommendation (Subject to Change) *Held until ATM 1612/14/2018 Outstanding Items and Current Unknowns •Strategic Plan •Staffing Study •Update of 5 Year Forecast •Potential Future Tax Overrides to Fund: o Our Island Home o Solid Waste o NRTA •State Aid impact •Harbor Place Project •Citizen Warrant Articles Potential Cost Impact •Open Space and Recreation Plan •New Revenue Options •December 19: Town Administration FY 2020 Budget presentation to Select Board & County •January 8: Review of Recommended Budget with School Committee •January 9: Select Board public hearing; endorsement of recommended FY 2020 General Fund Budget •Mid-January –mid-March: Finance Committee review of General Fund & Enterprise Fund budgets; other financial appropriations •Monday, April 1: Annual Town Meeting (2019) 1712/14/2018 Next Steps 1812/14/2018 General Fund Revenue Breakdown FY 2015-FY 2020 $66.8m $69.3m $74.1m $78.2m $80.3m $85.6m $11.4m $13.7m $12.9m $12.9m $10.6m $11.1m $2.3m $3.2m $3.3m $3.4m $3.4m $3.8m$5.4m $6.6m $6.2m $0.0m $0.0m FY2015 FY2016 FY2017 FY2018 FY2019 (Budget)FY2020 (Budget) Real Estate & Personal Property Tax Local Receipts State Aid Free Cash 12/14/2018 19 Town Expense Breakdown FY 2016-FY 2020 $15.9m $16.5m $15.7m $19.5m $21.1m $11.5m $12.0m $10.9m $14.0m $15.3m$3.6m $3.9m $4.1m $4.4m $4.8m $5.5m $5.9m $5.8m $7.3m $8.1m $6.7m $6.7m $8.5m $7.1m $9.1m FY2016 (Actual)FY2017 (Actual)FY2018 (Actual)FY2019 (Budget)FY2020 (Budget) Debt Service Operations Retirement Medical &General Insurance Salaries * Full Time Equivalent Calculation = 33-40 Hrs 1.0; 20-32 Hrs 0.50; Seasonal = 0.25 **For comparative purposes, Town Personnel History does not include Our Island Home *** Education Personnel History includes Community School Employees 2012/14/2018 General Fund Personnel History FY 2015-FY 2020 ***** 0 50 100 150 200 250 300 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Town School 12/14/2018 21 Appendix 12/14/2018 22 FY 2020 Status of Capital Projects Requests General Fund Department Projects Submitted Amount DPW - Facilities FAC-19-005 Annual Facility Roof Repairs 515,000 FAC-19-006 Annual Facility ADA Accessibility Upgrades 154,500 FAC-19-007 Annual Facility Utility Updates 515,000 FAC-19-008 Annual Facility Site Paving Updates 515,000 FAC-19-004 Public Bathrooms Upgrades 257,500 FAC-19-009 Annual Facility Equipment Replacements 257,500 FAC-19-010 Annual Facility Lighting Updates 103,000 FAC-18-005 Jetties Beach Facility Upgrades 1,000,000 Total DPW Facilities 3,317,500 Fleet Management DPW-18-01 Loader 250,000 DPW-19-01 Trash Compactor Truck 140,000 DPW-19-02 Service Response Truck 150,000 DPW-19-03 Excavator 240,000 DPW-19-04 Passenger Vehicle 50,000 DPW-19-05 Vehicle Lifts 50,000 DPW-18-04 DPW Directors Vehicles 100,000 DPW-18-09 Sweeper 250,000 Total Fleet Management 1,230,000 12/14/2018 23 FY 2020 Status of Capital Projects Requests General Fund cont’d Department Projects Submitted Amount DPW- Admin DPW-18-12 GIS Data Integration 154,500 DPW - Admin 154,500 DPW - Transportation TRAN-19-2 Parking Improvements - 2FG & Town Pier 1,000,000 TRAN-19-3 Orange St. Bike Path 2,508,000 TRAN-20-15 Newtown Road Improvements 1,109,716 TRAN-17-001 Sidewalk Improvement Program 1,000,000 TRAN-17-005 Surfside Area Roads Reconstruction (Lovers Lane, Monohanssett and Okorowaw)6,294,022 TRAN-17-006 Road Improvements/Maintenance 3,574,643 TRAN-19-002 Multi-Use Path Maintenance 500,000 TRAN-19-010 Cobblestone Improvements/Maintenance 500,000 TRAN-19-4 Fairgrounds Area Roadways (Waitt Drive)1,500,000 TRAN-20-010 Wauwinet Road Shared Use Path 354,000 TRAN-21-002 Tom Nevers Bike Path 331,487 TRAN-20-016 Decomissioning Fire Cisterns 100,000 Total DPW - Transportation 18,771,868 IS/GIS ADMIN-17-001 Network Infrastructure 250,000 ADMIN-18-001 Replace Town Computers & Printers 50,000 ADMIN-17-003 Epermitting 200,000 Total - IS/GIS 500,000 12/14/2018 24 FY 2020 Status of Capital Projects Requests General Fund cont’d Department Projects Submitted Amount Police & Marine PUBL-19-001 Harbormaster Industry Road Layup Yard and Workshop 495,000 PUBL-19-002 Town Pier Construction 1,000,000 PUBL-20-010 Public Safety Auxiliary Building 3,000,000 PUBL-20-011 Maintenance Seasonal Housing Building 950,000 Total Police & Marine 5,445,000 School NPS-20-003 Athletic Complex Master Plan 250,000 NPS-18-006 Backus Lane Playing Fields Phase III 500,000 NPS-17-005 NPS Building Improvements 300,000 NPS-20-002 Handheld Radio Replacement 200,000 NPS-24-001 NPS Land Acquisition 500,000 NPS-19-010 NPS Central Office Addition 650,000 Total - School 2,400,000 Fire FIRE-19-4 SCBAs Replacement 92,534 FIRE-20-010 ALS Equipment 50,000 FIRE-17-002 Replace Ambulance #1 325,000 FIRE-17-001 Replace Engine 7 450,000 Total Fire 917,534 12/14/2018 25 FY 2020 Status of Capital Projects Requests General Fund cont’d Department Projects Submitted Amount Town Administration ADMIN-20-001 Seasonal Employee Housing Feasibility Study 300,000 ADMIN-20-002 Town Pier Supplemental Funding 5,000,000 ADMIN-20-003 Traffic Modeling 150,000 ADMIN-20-004 Town Wide Document Management Solution 100,000 ADMIN-20-005 Coastal Resiliency Plan 550,000 ADMIN-20-006 Baxter Road Relocation 500,000 ADMIN-20-007 Meeting Room Trailer 450,000 ADMIN-20-008 Central Fire Station Reuse 250,000 ADMIN-20-009 Strategic Planning 150,000 Senior Center Relocation 150,000 Total Town Administration 7,600,000 TOTAL GF ITEMS $40,336,402 Proceeds from Real Estate Sales $0 Prior Year Capital Article Reappropriations $0 Free Cash*$0 CPC Funds $0 Capital from Operating Budget $0 Tax Levy $0 Ambulance Reserve $0 Total other funding sources $0 Items left to fund $40,336,402 *Total Free Cash certified = $9,593,671 12/14/2018 26 FY 2020 Status of Capital Projects Requests Enterprise Funds Enterprise Fund Projects Submitted Amount Airport Remove Pipeline Piles at GHYC 116,000 Sanitary Sewer Upgrade 102,420 Maintenance Vehicle Replacement 63,100 Paint and Beads & Rubber & Markings Removal 321,000 Ecological Restoration Equipment 119,200 Taxiway Echo 19,100,000 Security Project 2,093,000 Total - Airport 21,914,720 Sewer SEWER-18-003 Current Force Main Assessment and Inspections 2,000,000 SEWER-18-004 CMOM (Capacity/Maintenance/Ops/Management) 2,000,000 SEWER-19-002 Perimeter Fencing 1,000,000 SEWER-19-008 Surfside WWTF Phase 2 Upgrades 6,500,000 SEWER-19-020 National Grid L8 Feeder Project Area Sewer Replacement (TBD)6,500,000 SEWER-19-021 Jetties Beach - Bathing Beach Road Sewers (TBD)285,000 SEWER-20-003 Replace Loader 150,000 SEWER-20-004 Replace One Ton Truck 106,000 SEWER-20-005 Replace Sewer Rodding Truck 206,000 SEWER-20-006 Sconset Design and Construction New Collections 350,000 SEWER-20-022 New Sewer Force Main Design & Planning 2,500,000 SEWER-21-003 Pump Station Upgrades - Aurora Way 295,000 SEWER-20-023 New Excavation Equipment 165,000 Total Sewer 22,057,000 12/14/2018 27 FY 2020 Status of Capital Projects Requests Enterprise Funds cont’d Enterprise Fund Projects Submitted Amount Solid Waste SWEF-20-001 Capping Cells 1 A, B, C 14,000,000 SWEF-19-002 Facility Access Road & Parking Lot Maintenance 500,000 SWEF-19-003 Repair Electrical Systems MRF 50,000 SWEF-19-004 Floor Drain & Collection Tank MRF 100,000 SWEF-19-005 Overhead Doors MRF 50,000 SWEF-19-006 Fire Alarm System MRF 60,000 SWEF-17-003 Unlined Landfill Mining 800,000 Total Solid Waste 15,560,000 Wannacomet Water Company WWCO-20-001 New Source Investigation 1,500,000 Total Wannacomet Water Company 1,500,000 Sconset Water Company SIAS-20-001 Water Main Replacment 1,943,355 Sconset Water Company 1,943,355 12/14/2018 28 FY 2020 Status of Capital Projects Requests Enterprise Funds cont’d Enterprise Fund Projects Submitted Amount Our Island Home OIH-20-001 Replace Flooring 250,000 Total - Our Island Home 250,000 SUBTOTALL ALL EF $63,225,075 Less other funding sources* TOTAL EF $63,225,075 *AP Grants = $XXXX; SWEF = $700,000 from GF 12/14/2018 29 FY 2020 General Fund Budget Breakdown –Revenues Budget Budget FY2019 FY2020 $ Change % Change Tax Revenue Limitations Levy Limit from Prior Year 71,686,428$ 74,761,587$ 3,075,159$ 4.3% Add: 2 1/2 % increase 1,792,161 1,869,040 76,879 4.3% Add: Prop 2.5% operating override - - - na Add: new growth estimate 800,000 800,000 - - Add: operating override - - - na Levy Limit for Current Year 74,278,589 77,430,627 3,152,038$ 4.2% Add: Debt Exclusion 6,691,602 8,661,509 1,969,907 Maximum Allowable Levy for Current Year 80,970,191$ 86,092,136$ 5,121,945$ 6.3% OVERLAY (900,000)(450,000)450,000 (50.0%) Net available:80,070,191$ 85,642,136$ 5,571,945$ 7.0% State Aid 3,320,527$ 3,809,322$ 488,795$ 14.7% Local Receipts: Motor Vehicle Excise 2,450,000 2,690,000 240,000 9.8% Rooms and Meals Tax 3,850,000 4,394,800 544,800 14.2% Licenses and Permits 1,479,100 1,450,000 (29,100) (2.0%) Local Receipts - All Other 2,534,680 2,605,300 70,620 2.8% Total Local Receipts 10,313,780 11,140,100 826,320 8.0% Total Revenue 93,704,498$ 100,591,558$ 6,887,060$ 7.3% Other Sources Other Sources - - - na Free Cash Used 1,125,900 885,000 (240,900) (21.4%) Excess Overlay - Total Revenue and Other Sources 94,830,398$ 101,476,558$ 6,646,160$ 7.0% Total Expenses and Other Uses 94,581,813$ 101,474,236$ 6,892,423$ 7.3% 2,322 2,322 12/14/2018 30 FY 2020 General Fund Budget Breakdown –Expenses Budget BudgetFY2019FY2020 $ Change % Change General Fund Operating Budget Items: Salaries - Town (includes allowance for collective bargaining)18,905,100$ 20,439,402$ 1,534,302$ 8.1% Town Expense increase Requests- Salaries 541,000 673,807 132,807 24.5% Salaries - School (includes allowance for collective bargaining)22,957,555 24,379,022 1,421,467 6.2% School Expense increase Requests- Salaries 455,000 540,000 85,000 18.7% Transfers to community school 450,000 500,000 Subtotal Salaries 43,308,655$ 46,532,231$ 3,223,576$ 7.4% Operating Expenses, Town:6,970,863 6,772,836 (198,027) (2.8%) +Town Expense Increase Requests-Operating 571,900 1,148,026 576,126 100.7% Operating Override - 2011 Mosquito Control 110,381 164,391 54,010 48.9% Operating Expenses, School 5,179,087 5,057,620 (121,467) (2.3%) +School Expense Increase Requests-Operating 228,000 160,000 (68,000) (29.8%) Transfers to community school - - - na Subtotal Expense 13,060,231$ 13,302,873$ 242,642$ 1.9% Group Medical Insurance- Active Employees 9,162,145 9,958,788 796,643 8.7% Group Medical Insurance- Retired Employees 3,054,048 3,319,596 265,548 8.7% General Insurance (all other insurance)2,275,830 2,456,150 180,320 7.9% Subtotal Insurance 14,492,023$ 15,734,534$ 1,242,511$ 8.6% Debt Service 7,016,501$ 9,071,843$ 2,055,342$ 29.3% Retirement 4,617,253$ 4,796,286$ 179,033$ 3.9% Total General Fund Operating Budget Items 82,494,663$ 89,437,768$ 6,943,105$ 8.4% Other Articles Unpaid Bills 20,000 20,000 - - Reserve Fund 500,000 500,000 - - Health and Human Services 450,000 450,000 - - County Assessment 170,201 170,201 - - Other Post Employment Benefits (OPEB / GASB45) 500,000 500,000 - - Affordable Housing Trust Fund 800,000 - (800,000) (100.0%) Capital - naGeneral Fund budgeted from revenue (Town Bylaw 11-12.1)- na Town Capital (Non-Recurring)449,000 487,128 38,128 8.5% School Capital (Non-Recurring)449,000 487,128 38,128 8.5% Enterprise Fund Transfers - na Transfer to Enterprise Fund (Our Island Home - Beginning FY2011)1,511,446 2,026,181 514,735 34.1% Add: Additional Subsidy from Free Cash (Our Island Home)- - - na Transfer to Enterprise Fund (SWEF Operating Overrides 1999/2006)3,478,863 3,565,008 86,145 2.5% Add: Additional General Fund Subsidy to SWEF 2012-Forward 2,560,640 2,624,656 64,016 2.5% Add: Additional General Fund Subsidy to SWEF-Landfill Mining 700,000 700,000 - - Total Other Article Appropriations 11,589,150$ 11,530,302$ (58,848)$ (0.5%) Other Statutory Expenditures Overlay and other deficits - - - na Cherry Sheet Offsets and Charges 498,000 506,166 8,166 1.6% Total Appropriations and Other Statutory Expenditures 94,581,813$ 101,474,236$ 6,892,423$ 7.3% 12/14/2018 31 Historical Information Our Island Home Stabilization and Trust Funds Certified Free Cash (1) (1) CPE payment received in FY2016 represented two years of payments. FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 General Fund Subsidy 2,295,000$ 2,267,598$ 2,295,000$ 2,762,535$ 1,511,446$ 1,511,446$ Certified Retained Earnings 1,747,556$ 1,649,432$ 5,962,402$ 5,321,795$ 2,687,275$ -$ CPE Payment 1,017,038$ 1,690,143$ 5,204,549$ 1,324,207$ 1,515,353$ -$ `2014 2015 2016 2017 2018 General Stabilization $4,776,308 $4,834,733 $5,044,535 $5,053,411 5,059,485.00$ Capital Stabilization $0 $1,000,000 $1,250,000 $1,250,000 1,250,000.00$ OPEB Trust Fund $248,522 $765,994 $1,341,213 $1,903,825 2,390,558.00$ 2014 2015 2016 2017 2018 Certified Free Cash $5,201,357 $5,405,506 $6,642,219 $6,215,883 $9,593,671