Board of Selectmen Proposed Budget

Transcription

1 Board of Selectmen Proposed Budget Board of Finance Budget Forum/Workshop March 17, 2018, 9 am Municipal Office Building Emmett Lyman, First Selectman Susan Link, Selectman Robert Smith, Selectman

2 Vision Statement To present a budget that: Sustains East Haddam as a cherished destination to live, work, play and visit Addresses our short-term and long-term goals and objectives Music on the River

3 Goals and Objectives To maintain our AA+ Standard and Poor s bond rating continue to strive for the highest rating of AAA To continue our capital savings plan to offset debt costs associated with the four major capital improvement projects To focus on the economic development opportunities in the two villages and the industrial areas To continue public safety initiatives and measures To continue to maintain and improve our infrastructure To continue improving the appearance of town properties parks and greens To continue to build on recreational opportunities To continue to build on programs and services for senior citizens

4 Board of Selectmen Budget Highlights Grand List growth of $13,762,573 or 1.8% Utilizes state aid to municipalities based on the approved biennial budget of the legislature Features innovative ideas for cost savings and additional revenues based on proposals of town departments Includes infrastructure expenditures that were reduced last year due to reduced state aid especially the reclamation of Petticoat Lane Reduces or realigns staffing in the areas of the Building Department, Library System and Fire Department without reduction to services to our citizens

5 Recent Accomplishments Maintained AA+ bond rating with Standard & Poor s. Issued short term debt for major capital projects at a net interest cost of 1.56% Major Capital Projects kudos to the Municipal Office and Firehouse building committees for their dedication and great work: The Municipal Office Complex is open, under budget, beautiful and technologically amazing. The feedback from citizens that have toured the building is a gratitude for the preservation of history (the restored mural in the former library) and the tribute to East Haddam Veteran s in the foyer area of the main entrance painstakingly prepared by our veterans. Our employees are delighted to say the least! The Firehouse renovations are completed, on budget and equally as beautiful and functional.

6 Next Steps Positioning for Economic Development and growth in the two villages and industrials areas there are many opportunities on the horizon: We have interest in the former Town Offices site and will be taking steps for Request for Proposals to solicit ideas for the site. Now that we have actually vacated the property there is a keen interest. The move of the town offices to the Moodus Village has been enthusiastically received by the area businesses provided the staff of the Municipal Office Complex with a donation of an array of their products for breakfast and lunch last Tuesday. The staff was impressed with their products and very appreciative of their generosity. Preparing for a town vote for the acceptance of East Haddam Free Library as a town property.

7 Budget Expenditure Summary Actual Budget Budget Request $ Change % Change General Government 2,225,074 2,521,379 2,621,243 99, % Public Safety 1,088,361 1,128,401 1,102,115 (26,285) -2.3% Public Works 1,947,286 2,000,070 1,920,184 (79,886) -4.0% Health and Social Services 436, , ,787 2,196.5% Culture and Recreation 546, , ,874 (44,459) -7.9% Debt Service 1,805,522 1,771,388 1,767,688 (3,700) -.2% Interfund Transfers 3,116,250 2,559,149 3,117, , % Education 19,653,492 19,779,902 20,339, , % Grand Total 30,818,209 30,782,211 31,847,607 1,065, %

8 Town Government Actual Budget Budget Request $ Change % Change General Government 2,225,074 2,521,379 2,621,243 99, % Public Safety 1,088,361 1,128,401 1,102,115 (26,285) -2.3% Public Works 1,947,286 2,000,070 1,920,184 (79,886) -4.0% Health and Social Services 436, , ,787 2,196.5% Culture and Recreation 546, , ,874 (44,459) -7.9% Grand Total 6,242,945 6,661,774 6,623,204 (48,570) -.7% General Government: Increase for operating of new Municipal Complex and shift for cleaning of all town buildings to the Central Services budget $121,416 Public Safety: Building Department reduced to reflect part-time Building Official and reduction in hours of Assistant ($24,617) Fire Department reduced to reflect reduction in hours of career staff and conversion to two full-time firefighters ($17,869) Public Works: Transfer Station reduced to reflect savings on hauling charges by purchasing our own roll-off truck (truck in capital plan) ($69,976) Culture and Recreation: Library System reduced to reflect not replacing Assistant Library Director ($34,605)

9 Capital Improvement Plan Actual Approved Budget Budget Request $ Change % Change General Government 147,630 18,600 59,100 40, % Public Safety 339, , , , % Public Works 1,207,227 1,325,509 1,033,500 (292,009) -21.6% Recreation and Leisure 41,759 31,000 69,000 38, % Education 106, , ,000 75, % Grand Total 1,841,768 1,704,740 1,716,600 11,860.7% Funding Sources Amount General Fund Support (Taxation) 790,599 Ambulance Reserves 200,000 Education Reserves 100,000 State Grants (Town Aid Road, LoCIP) 494,223 Capital Projects Funds (savings from prior projects transfers in from Shared Services) 131,778 Total 1,716,600 General Government: Plan of Conservation and Development $25,000 Sewer Treatment Plant $25,000 Public Safety: Ambulance $200,000 Public Works: Petticoat Lane $485,000 Replace Truck $110,000 Roll-off Truck for Transfer Station, 5 year lease to own, offset by savings in hauling fees $34,000 Culture and Recreation: Rathbun Library, various improvements $44,000 Recreation, park improvements and saving for basketball hoop replacement in Municipal Office Complex gym $25,000

10 Debt Service Actual Budget Budget Request $ Change % Change Principal 1,320,000 1,320,000 1,330,000 50, % Interest 485, , ,688 (53,700) -12.2% Grand Total 1,805,522 1,771,388 1,767,688 (3,700) -.2%

11 Reserves Transfers to: Actual Budget Budget Request $ Change % Change Ambulance Reserve 40,000 20,000 25,000 5, % Education Reserve 139, , ,000-0% Fire Department Reserve 75,910 75,910 75,910-0% Future Capital Projects Reserve 392, , ,298 3,700.9% Lakes Reserve 5, n/a Revaluation Reserve 40,000 20,000 20,000-0% Grand Total 693, , ,208 8, % Maintains discipline of reserving for future ambulances, education capital, fire apparatus and revaluation and four major capital projects savings.

12 Shared Services Actual Budget Budget Request $ Change % Change Salaries and Benefits 467, , , % Supplies, Materials, Purchased Services 6,497 4,275 4,275-0% Town Maintenance Fund 53,401 75,000 75,000-0% Town Technology Fund 142, , ,000-0% Board of Education Maintenance Fund 119, , ,000-0% Board of Education Technology Fund 312, , ,000-0% Grand Total 1,102,513 1,131,454 1,131,454-0% Shared Services is managed through a multi-year fund. The remaining monies are rolled into the next year and do not revert back to the General Fund. There is no increase because there was savings in Benefits in that offset the increase of $4,380 in Salary and benefits. In addition, the Board of Selectmen has recommended transferring $38,400 from the Shared Services fund to Capital Projects Savings because of the savings in Salaries and Benefits.

13 Revenue Actual Budget Budget Request $ Change % Change Property Taxes 25,356,690 25,538,147 26,391, , % Intergovernmental Agencies 4,410,928 3,915,333 4,202, , % Interest Income 24,232 31,256 24,500 (6,756) -27.6% Local Revenue 780, , ,644 23, % Transfers and Other Funding Sources 552, , ,239 (87,807) -15.8% Grand Total 31,124,212 30,782,211 31,851,107 1,068, % Property taxes Tax Collection Fees: Increased by $7,000. Effective July 1, 2018 the Tax Collector will be assessing fees for bill reprint, delinquent motor vehicle tax reporting, payment history reports and increased charge for returned checks. Intergovernmental Agencies Aid to Municipalities: Budget is built on the budget approved in the state legislature last fall. Intergovernmental Agencies Circuit Breaker: We have not provided for any reimbursement from the State for this program. Transfers and Other Funding Sources There is no reliance on fund balance. Mill Rate Increase of.52

14 We look forward to working with the Board of Finance as we move forward with the budget process.