TOWN OF BELMONT CAPITAL IMPROVEMENTS PROGRAM

Transcription

1 TOWN OF BELMONT CAPITAL IMPROVEMENTS PROGRAM October 26, 2015

2

3 BELMONT LAND USE OFFICE DATE: November 2, 2015 TO: FROM: RE: Budget Committee Candace Daigle, Town Planner CIP Update We are enclosing a copy of the Capital Improvements Program Funding Schedule as adopted by the Planning Board on October 26, Additional information will also be available on the Town s website at The CIP is a financial planning tool that utilizes historic funding data, incorporates recommendations from the Master Plan, and anticipates needed Capital Project costs over a multi-year schedule, avoiding unnecessary extreme variations in the tax rate. It benefits the Selectmen, Budget Committee and Voters in making funding decisions for the community. It is not a budget, but a list of Capital projects, proposed to meet specific community needs, tentatively scheduled to spread out the impact on the tax rate. Please do not hesitate to contact our office for any further assistance we can provide. 143 Main Street, PO Box 310, Belmont, NH planner@belmontnh.org (603) x 113 (603) Fax

4 Town of Belmont Informational Sheet 09/30/15 C A P I T A L I M P R O V E M E N T S P R O G R A M ( C I P ) C I P C O M M I T T E E F O R M A T I O N The Belmont Planning Board serves as the Capital Improvements Program Committee. Special points of interest: Preserving public health, safety, and welfare. Anticipating the demands of growth. Improving communication and coordination. Avoiding undue tax increases. Developing a fair distribution of capital costs. Building a foundation for growth management and impact fees. Belmont Population , , , , , , , , , ,449 Sources: Census OEP Estimates 2015 OEP Projections PURPOSE OF THE CIP A Capital Improvements Program is a decision making tool used to plan and schedule town improvements over a period of six years or more. It is a statement of a town s intended schedule for the construction, expansion or replacement of public facilities and equipment that have an appreciable life expectancy such as schools, libraries, and highway equipment. For Belmont, a capital improvement has been defined as an item costing at least $25,000 and having a useful life expectancy of at least one year. Operating expenditures are not included in this definition. It is recommended that a CIP should be updated on an annual basis. The first year of the CIP is typically referred to as the capital budget and includes all capital projects to be appropriated by the governing body. While the CIP should be used as a guide for the municipal budget process, it is an advisory document only and not a strict set of guidelines. The responsibility for preparing the annual town budget remains with the Selectmen and the Budget Committee, with the final approval for appropriations made by the voters at Town Meeting. Using the CIP to make annual expenditures for public improvements is one of the best ways to implement the town s Master Plan. For example, the recently completed Community Facilities Chapter of the Belmont Master Plan identifies several recommendations for improvements to public facilities. The ideals and recommendations represented in the Master Plan should be consistent with capital improvement requests made by individual community departments. It has been the case in several Lakes Region communities that a Master Plan update is followed by the development of a CIP. In fact, a stated goal in the Belmont Master Plan is the development of a CIP. A leading purpose for a CIP is to show the financial impact caused by major expenditures for larger projects. Funding for capital improvements can come from a variety of sources including town appropriations, bonds, and state and federal programs. An understanding of project funding sources aids in determining the impact of capital improvements on the municipal portion of the local tax rate. By planning, fluctuations in the municipal portion of the tax rate can be minimized. Another purpose of the CIP is that it allows for the coordination of planned capital expenditures of the various departments within a town government. Often school capital expenditures are not included in the municipal CIP because the focus of a CIP is the impact capital projects have on the town tax rate However, annual updates on anticipated capital projects from the school district may aid the CIP Committee in understanding and coordinating these expenditures with their own work on the municipal capital improvements program. D E V E L O P M E N T I M P A C T S THE D E L I V E R Y OF M U N I C I P A L S E R V I C E S The CIP can be used as a tool for the Planning Board in the review of proposed subdivisions. Under RSA 674:36, II (a), a municipality may provide against such scattered or premature subdivision of land as would involve danger or injury to health, safety, or prosperity by reason of lack of water supply, drainage, transportation, schools, fire protection or other public services.. In such a case where a subdivision is proposed which would require a large public investment not specified in the CIP, the Planning Board could use the CIP as it considers whether a subdivision is in fact premature. A CIP is also a prerequisite for establishing impact fees and a growth control ordinance (RSA 674:21 and RSA 674:22).

5 THE TOWN OF BELMONT S CIP Belmont Master Plan Recommendations Steps in the Process of Capital Improvements Programming COMMUNITY FACILITIES CHAPTER: Annually review and update the Capital Improvements Plan to maintain and improve facilities and services that become outmoded or insufficient to maintain adequate levels of service. Encourage and report on the development of a Town Recycling Center including a cost/benefit analysis. Assure adequate health care for all citizens. Board of Selectmen request projects from department heads and committees for the next six years. Recreation Sewer District Town Hall Conservation Public Works Library Fire Dept. Police Dept. Capital Project Worksheet Define Capital Projects Perform Historic Fiscal Analysis Review Master Plan Review Proposed Capital Requests Provide an education for every child from pre-school through grade 12 that enables each to become a productive and involved citizen. Evaluate the need for a new Community Center. Annually review and recommend changes to the Transportation Improvements Plan with respect to the impact of growth within the Community and the stress that growth puts on local roads and transportation systems. Capital Requests Summary Prepare Six-Year Project Schedule Perform Future Fiscal Analysis Adopt and Implement the CIP Review and Update Annually PREPARED BY: David Jeffers, Planning Technician Lakes Region Planning Commission 103 Main Street, Suite #3 Meredith, NH Notes: Updated by: Belmont Town Staff

6 Capital Improvements Program Process Planning Board w/public input Board of Selectmen w/public input Capital Improvement Recommendations Budget Committee w/public input Department Heads/Staff/Public March Budget Ballot Vote October 6, 2009

7 BELMONT CIP PROJECT LIST OF DEPARTMENTS FOR THE SOLICITATION OF CAPITAL PROJECTS Board of Selectmen o Municipal Facilities o Patriotic Purposes o Safety o Environmental o Information Technology o Accrued Benefits Liability o Economic Development Town Clerk/Tax Collector Financial Accounting o Election & Registration o Personnel Administration Property Assessing Cemetery Trustees Police Department Fire Department o Belmont Fire Department o Emergency management Public Works Department o Highway Administration o Highways and streets o Street lighting o Water o Sewer o Sanitation and Solid Waste collection w/recycling o Sidewalks Library Land Use o Planning o Zoning o Building o Conservation Commission BRATT Heritage Commission 9/2/14

8 TOWN OF BELMONT CAPITAL IMPROVEMENTS PROGRAM COMMITTEE MEMBERS 2016 BUDGET SCHEDULE Members Peter Harris, Chairman Claude Patten Recardo Segalini Ward Peterson Michael LeClair Steven Paquin x 111 Jon Pike, ex officio K. Jeanne Beaudin, Town Administrator x 124 Staff Candace Daigle, Town Planner x 113 October 5, 2015

9 Belmont Master Plan Goals Master Plan Goals The following Goals enhance the Town s ability to manage growth while balancing the needs of present and future generations. Community Facilities 1. Evaluate and balance over time the financial impact of Community Facilities and services. 2. Provide for expanded services and facilities to meet the demand of growth within the Community. 3. Develop regulations to mitigate the impact of new development on existing services and community facilities. 4. Provide an education for every child from pre-school through grade 12 that enables each to become a productive and involved citizen. 5. Assure adequate health care for all citizens. Conservation & Preservation of Natural Resources 1. Incorporate annual studies and mapping of wildlife, habitat and travel corridors throughout the town November 7, 2002

10 Belmont Master Plan Goals 2. Preserve the availability and quality of Belmont's recreational opportunities through increased conservation planning and initiatives. 3. Preserve natural features of Belmont and ensure that they are not adversely affected by future development. 4. Encourage conservation through public/landowners education. 5. Protect, conserve and preserve the remote portions of Belmont from excessive development pressures and/or activities that would be detrimental to the unique environmental characteristics and qualities of these areas and that would detract from the peaceful enjoyment and tranquility they afford local residents. 6. Identify and consider ordinances or other mechanisms for protecting key scenic community vistas, views and viewsheds. 7. Establish proactive administrative goals to research, monitor and apply for established, available funding opportunities (state, federal and foundation sources). 8. Seek guidance from the Center for Land Conservation Assistance on benefits of establishing and funding a dedicated Belmont Conservation Community Trust Fund or partnering with other organizations. 9. Identify Belmont historic buildings and sites and areas of special importance. 10. Protect farmland resources and heritage as an integral part of Town rural character. Construction Materials 1. Determine the present state of extraction operations in the Town. 2. Ensure appropriate closure of obsolete or depleted sites. 3. Ensure that future construction material extraction operations are compatible with planned land uses, applicable regulations, community values, and transportation infrastructure November 7, 2002

11 Belmont Master Plan Goals Housing 1. To provide guiding principles and strategies for managing present and future housing needs. Create a range of housing opportunities and choices. 2. Establish architectural housing design standards in accordance with the characteristics of the various neighborhood areas of Belmont. 3. Increase revenues to offset costs associated with Land Use Department services. Land Use 1. Preserve and protect the rural qualities 2. Protect our agricultural land because it provides us with the very essence of rural character, open space, woodlots, scenic vistas, wildlife habitat and the ability to maintain some self-sufficiency to feed ourselves. All of this requires a minimal demand on community resources, but is vital to our economy. 3. Preserve and protect our water resources 4. Preserve and protect our natural resources 5. Guide residential development to meet the overall housing needs of various income groups, while retaining open space to preserve the rural character. 6. Guide and support non-residential development. 7. Protect transportation corridors from encroachment of structures, congestion and blight 8. Recommend land use chapter be reviewed annually to keep pace with development. Recreation 1. Acknowledge the need to create new recreational opportunities for all ages while maintaining existing recreation throughout parts of Town November 7, 2002

12 Belmont Master Plan Goals 2. Determine the need for, and the responsibilities of, a Parks and Recreation Department. 3. Establish, create, expand, and map a series of loop trails to link Town lands, scenic and wildlife areas, restaurants, and sleeping facilities throughout the Town. 4. Enhance and create recreational opportunities for adults and families through the use of the Shaker Regional School District Facilities November 7, 2002

13 Belmont Master Plan Goals Transportation 1. Improve, maintain, and inventory existing roads, streets, bridges, and culverts. 2. Develop a funding plan. 3. Maintain, enhance and manage a transportation infrastructure that facilitates, encourages and supports public transit and non-motorized travel to reduce energy consumption, preserve air quality, and reduce pollution. 4. Promote use of technology and tools available now and in the future to provide and ensure safe mobility. 5. Participate in transportation discussions with residents, Town, County, Regional, State, and Federal officials. 6. Provide new road construction guidelines using access management principals and flexible road standards. 7. Coordinate transportation planning with conservation and preservation goals. 8. Establish a gateway enhancement initiative to improve the image of Belmont. Electric Utility Utilities and Public Services 1. Assure that the needs of the users are being met and the changes to the Public Utility laws are not negatively impacting the residents and businesses of the Town of Belmont. 2. Assure that to the greatest possible extent all utility lines are installed underground in accordance with the ordinances of the Town. Water Utility 1. In cooperation with the Fire Department, conduct a comprehensive study of water demand for firefighting needs November 7, 2002

14 Belmont Master Plan Goals 2. Address the adequacy of water quality. Are the minimum NH DES standards adequate or should a higher standard be set? 3. Plan ahead for the expansion of the water utility outside of the Village area. This will be on a pay as you go basis with payment made by the users from the new areas and successful applications for grant monies. 4. Work with the State of New Hampshire and the local towns sharing the same aquifer to insure its future purity. This may require the elimination of certain residential, commercial or industrial expansion in the areas of the aquifer. This study commenced in mid-2002 and the results should be available in Sewer Utility 1. Extend as required the sewer mains to assure that the quality of water in the lakes and the aquifer are not compromised. 2. Require that upon any extension of the sewer line all nearby residents and business be required to hook-up. 3. Continue the policy of submittal of grant applications for the expansion of the system. This will help keep the cost to the user at the lowest possible level. Gas Supply (Natural & Bottled) 1. Coordinate the expansion of this utility with the goals of the Town to insure that natural gas will be where it will be needed to best benefit the Town. Expansion of this utility is directly related to the expansion of the Town. 2. Assure that all expansion of the bottled gas utility and usage is in accordance with the applicable building codes and safety measures. Telecommunication Utility 1. Since this will be the utility that will most likely have the greatest change in the near future, special attention must be paid to assure that the Town s ordinances are kept current with these changes. 2. The placement of telecommunication/cellular towers will be one of the most sensitive issues to face the Town in the near future. The placement must be unobtrusive yet technically located to minimize the number of November 7, 2002

15 Belmont Master Plan Goals towers. Towers should first be located on public property and out of the residential/rural areas where possible. Co-locating users will help the town minimize the total number of towers, which must be a major goal of the Town. Locating on the sides of Town buildings, existing towers and water tanks will also aid in reaching this goal. 3. With the expansion of the cellular type of communication, there will hopefully be a reduction in the overhead wires and applicable telephone poles. This will be a noticeable improvement in the visual impact on the community. Cable and Satellite Communication Utility 1. This area will experience the greatest growth in the next decade. Included is the Internet, which is fast becoming the Way to communicate, research and spend leisure time. Therefore, review of this utility will also require overview to assure the proper handling of the services to all the residents of the Town November 7, 2002

16 NEW HAMPSHIRE MUNICIPAL ASSOCIATION (/) New Hampshire Town And City The Best Planning Tool You Aren t Using: Capital Improvements Plans New Hampshire Town and City, September/October 2014 By C. Christine Fillmore Although it is a tool many larger communities have been using for years, a capital improvements program (CIP) can be useful and valuable for even very small communities. Essentially, it is a prioritized list of anticipated large expenses. The threshold of what a large expense is and the details of what is needed may vary from municipality to municipality, but the process, the governing law and its usefulness are the same across the state. Why do we need a capital improvements program? CIPs are not required by law, but there are a host of reasons a municipality should prepare one and keep it up to date. Here are a few: A plan helps anticipate needs rather than just reacting to unanticipated problems (thus preventing surprises among government officials and the voting public). Planning ahead allows time to get the necessary resources in place bit by bit rather than all at once, avoiding spikes in the tax rate. This advance planning leaves time to identify alternate sources of funding (grants, etc.). A good CIP can help identify the most economical means of financing a project. The plan informs and prepares decision makers so that everyone is familiar with it. A plan prepared cooperatively among officials and employees increases the buy-in among them so that they are willing to help the voters understand why items in the plan are important. Shovel-ready or prepared plans can help a community be ready to participate in federal or state grant programs when they arise. Good plans help promote economic development if they create needed infrastructure. Regular attention to capital assets increases the likelihood of proper maintenance to extend the life of existing assets. A CIP is a legal prerequisite for some other land use tools. Where does the CIP fit into local government? A CIP is a planning tool. Under the law, [t]he sole purpose and effect of the capital improvements program shall be to aid the mayor or selectmen and the budget committee in their consideration of the annual budget. RSA 674:5. The final CIP must be submitted to the governing body and the budget committee for consideration as part of the annual budget. RSA 674:8. The projects

17 identified in the CIP are not mandatory; the CIP is simply a set of recommendations and an outline for achieving them. However, the list of reasons above shows that a CIP goes a long way toward helping that budget meet the real needs of the community at a time, in a way, and for a price that makes sense. It is also important to note that a CIP has no effect on applications before the planning board or zoning board of adjustment other than as a guide for off-site exactions, and to the extent it is used to guide the development of growth management ordinances or impact fee ordinances. Zukis v. Fitzwilliam, 135 N.H. 384 (1992). The overall purpose is to help communities make good planning choices for the future based on goals and resources. In doing so, the CIP integrates many other facets of local government. The CIP is tied to the goals of the master plan. It puts the operating budget and the capital budget in perspective. A good CIP is based on the existing fixed asset inventory and presents a replacement and renewal schedule that makes sense. It also requires cooperation among department heads, the governing body, town/city manager, and planning officials. A capital improvements program acts as a bridge between the planning process and the budget process. With all of the information gathered during the CIP process, municipal officials can help voters make informed decisions about appropriations and policies. It is also important to note that, without a CIP in place, a municipality is not permitted to enact a growth management ordinance under RSA 674:22, I. This makes sense because a growth management ordinance is only valid to the extent it accurately balances the municipality s need for restrictions on growth and a projection of what is deemed to be normal growth. Rancourt v. Barnstead, 129 N.H. 45 (1986). In other words, how can a town know what a growth management ordinance needs to accomplish if it hasn t considered what reasonable projected growth is and what infrastructure is required to support it? The CIP also provides information about the municipality s need for additional services to accommodate growth and a reasonable timetable for developing those services. The other major ordinance that may be adopted only after a CIP is adopted is an impact fee ordinance under RSA 674:21, V. Impact fees may be assessed for a lot of things, including and limited to water treatment and distribution facilities; wastewater treatment and disposal facilities; sanitary sewers; storm water, drainage and flood control facilities; municipal road systems and rights-of-way; municipal office facilities; the municipality s proportional share of capital facilities of a cooperative or regional school district of which the municipality is a member; public safety facilities; solid waste collection, transfer, recycling, processing and disposal facilities; public library facilities; and public recreational facilities. A town may still levy exactions for off-site improvements under RSA 674:21, V(j) without an impact fee ordinance, but they are limited to the cost of improvements located outside the subject property and include only any necessary highway, drainage, and sewer and water upgrades pertinent to that development. Although school districts are, for the most part, separate political entities which adopt their own budgets, a town or city CIP can also look at school-related projects. This information is useful in a variety of ways. It provides perspective on the overall financing burden of capital improvements that taxpayers will be bearing because, of course, the same taxpayers are paying both municipal and school taxes. It may make sense to stagger some school and municipal projects to avoid spikes in the tax rate. It may also make sense to time certain school and municipal projects in a certain

18 order to create efficiency. For example, if a town needs to repair a road and the school district needs to rebuild a school, add sewer connections and change the location of its curb cuts on the same road, it may make sense for the road improvement to wait until the school project is completed. In addition, school capital projects are part of the underlying rationale for both growth management and impact fee ordinances. Where do we begin? Before a capital improvements program can be prepared, (a) the municipality must have established a planning board under RSA 673:1, and (b) the planning board must have created and adopted a master plan under RSA 674:1. When considering how this fits with a CIP, it is helpful to remember that a master plan is intended to delineate the best and most appropriate future development of the area to guide the planning board in its work, so the community can achieve smart growth, sound planning, and wise resource protection. RSA 674:2, I. After those two prerequisites are met, the legislative body (town meeting, town council or city council/aldermen) may authorize the creation, adoption and amendment of a capital improvements program. RSA 674:5. In a town meeting town, this is done by approval of an article on the warrant. Municipalities may authorize either the planning board or a special CIP committee to work on the CIP. If the warrant article is silent on this issue, it is assumed that the planning board will do it. Alternatively, the article may provide for a CIP committee appointed by the governing body (selectmen, town/city council). The committee must include at least one member of the planning board and may (but isn t required to) include other members of the planning board and other local officials. It is important to note that the planning board cannot grant itself the authority to prepare a CIP; the authorization must come from the legislative body. Once authority has been given to prepare a CIP, the planning board or committee and any subcommittees must realize that they are public bodies subject to all of the requirements of RSA Chapter 91-A, New Hampshire s Right to Know law. This means that all meetings require at least 24 hours notice posted in at least two public places, the public must be permitted to attend the meetings, and minutes must be kept of all meetings. RSA 91-A:2. In addition, virtually all documents given to or created by the planning board or committee in the process of preparing the CIP will be governmental records which must be disclosed to the public upon reasonable request. RSA 91- A:4. What is a capital improvement? In the most general sense, a capital improvement is something that has a high cost and a useful life of several years, in contrast with regular operations and maintenance, which generally have a lower cost and occur on a more frequent basis. Typically, capital improvements will include infrastructure projects, land acquisition, buildings, or engineering studies for any of those projects, and may include vehicles or highway maintenance equipment in some municipalities. One useful starting point is the list of improvements for which impact fees may be assessed; the list in RSA 674:21, V is a good place to look for ideas. Each community must define for itself what qualifies as high cost and a useful life of several years. The specific definition in each community will be slightly different based on the population, capital needs, and available budget. There is no single right way to define this. Smaller towns may have a different definition than larger towns or cities. For example, the City of Franklin sets its

19 capital improvement threshold at $25,000 with a useful life of seven or more years. Expenditures that do not meet both the cost and useful life threshold are not included in the capital improvements plan; instead, they are included as a part of the city s operating budget. In a smaller community like Plymouth, (population 6,500), the threshold is $10,000 with a useful life of five years. An even smaller community may define it as any project having a useful life of at least 3 years and requiring a gross expenditure of more than $5,000. An expenditure that seems very large to one community and that occurs only rarely (and thus should be part of a capital improvements program) may be considered part of the ordinary operating budget in a much larger community. If a city has a large fleet of vehicles and expects to replace three or four of them every year, vehicle replacement may simply be a line in the operating budget. For a small town, however, the replacement of a vehicle may occur only once every few years, and the expenditure may be significant. This is something that may belong in a capital improvements program so it can be planned and saved for appropriately. What goes into a capital improvements program? According to RSA 674:5 and :6, there are required elements and optional elements. A CIP shall do the following: Address capital improvement projects over a period of at least six years. It can be a longer period, of course, and 6-10 years is typical in many municipalities. Classify projects according to the urgency and need for implementation. Include a timetable for implementation of projects. Take into account public facility needs that are indicated by the development shown in the master plan or which are permitted under the municipality s zoning ordinances and regulations. A CIP may include the following: The estimated cost of each project. The probable operation and maintenance costs. The probable revenues (if any) from each project. Suggested funding sources. Some larger communities prefer to have the CIP concentrate solely on what is needed and when, and to have the budget committee, administrator/manager, and governing body concentrate on the cost and funding mechanisms. Again, there is no single right answer here. Each community needs to do what is right for them. How does the process work? First of all, it is critical to recognize that the planning board or CIP committee does not operate in a vacuum. The law grants quite a bit of authority to the planning board or CIP committee. It is true that under RSA 674:6, the CIP is based on information submitted by the departments and agencies

20 of the municipality. All town or city departments, agencies, officials, and any affected school board, are required to provide to the planning board or CIP committee, upon its request, a statement of all capital projects proposed to be undertaken during the CIP period. RSA 674:7, II. However, although the law gives the planning board or CIP committee authority to gather information, this authority means little if the planning board or CIP committee does not act in a way that fosters cooperation and coordination with everyone else in municipal government. To be effective, the process should involve the governing body and the chief administrative officer (town/city manager). The process is actually somewhat similar to the way an official budget committee prepares a budget: information is gathered from all corners of municipal government and put together in a proposal for the town or city to consider. And just as with budgeting, the development of a CIP works well only when all of the parties cooperate with one another. The planning board may have the responsibility to prepare the plan, but it cannot do so without the assistance of almost every other municipal official. Who is in charge is not the most important issue here. Organization The first issue is organization. The planning board or committee should have an initial meeting to consult with the town administrator, town or city manager, the governing body and the budget committee to discuss the process and the timetable. RSA 674:7. The goal here is to have fewer surprises and more cooperation among all officials and employees. Working together, this group should establish a timeline for preparation of the CIP. The timeline should be two things: reasonable and well-publicized. It is important for the planning board or committee to recognize that the officials and employees from whom they are trying to get information each have a lot of other things on their plate. The further in advance they know the information is needed, the easier it should be for them to prepare the information in a timely way. The other general preparation task is to establish policies. This should be done as part of the initial meeting(s) suggested above, and should address: A definition of what a capital improvement is for your community (threshold expense and useful life) How will items be prioritized? Points of contact how will the planning board or committee communicate with other officials and employees about this project? What general categories of information will be requested from the town administrator or manager, city manager, department heads, and governing body? Is there any specific format to be followed or any particular information that will be requested? The board or committee should be able to communicate what it is they are looking for. Timelines After the initial meetings, the planning board or committee should establish a timeline for its activities based on the feedback from the initial meetings. This internal timeline should include:

21 A period to assess the current fiscal and capital asset situation and to review the master plan. If there are many departments or too much information, the planning board or committee might consider creating subcommittees to each review a certain portion of the information (perhaps a specific department) and report back to the larger group. A discussion period during which the planning board or committee can discuss issues with the town/city manager or administrator, ask and answer questions and gather additional information. A plan for exactly who will draft the CIP and when. A timetable for drafting, revision and adoption of the CIP. Assessing the Current Situation It is difficult to plan where you are going if you don t know where you are. Thus, the planning board or committee should look at three important areas relating to the current situation. The first is a capital asset inventory. It may already exist in larger communities, but smaller towns may need to put one together for the first time. The list should include everything the municipality has that falls within the established threshold of what is a capital asset. (One place you might consider checking is the list of insured properties and equipment.) Once a list is established, it is important to note the deficits. Department heads are particularly helpful in pointing out the holes in the existing inventory. The second issue is a fiscal analysis. The planning board or committee should obtain or create a comprehensive list of all of the trust funds, capital reserve funds, special revenue funds, and other funds (and the balances in each fund). Other important information includes the most recent tax rate, fixed costs going forward (such as bond payments or other debt service), and the past, present and future expected revenues, expenditures and debt (i.e., what can the municipality afford?) The third area of importance is the current status of previously approved projects. What are the cost estimates and funding sources for projects which are currently underway and when are they expected to be completed? What impact do those projects have on the fiscal analysis and asset inventory once they are finished? Reviewing the Master Plan A review of the recommendations of the master plan in relation to the capital improvements program being considered is a required step in the preparation of a CIP. RSA 674:7. This review may reveal indicators of long-term capital needs to improve existing services to accommodate reasonable growth. Local zoning ordinances and land use regulations should also be reviewed as part of this step to see how proposed capital projects may fit. Evaluating Project Requests Under RSA 674:7, the planning board or committee is required to confer with the governing body, the chief fiscal officer or budget committee, the school board, and other municipal officials and agencies. These officials are required to provide a statement of all capital projects they propose during the term of the CIP. Information provided should, ideally, include justifications, estimates of project costs, estimates of future operation and maintenance costs for each project, the relationship of this project to other (existing and proposed) projects, implementation schedules and the degree of urgency for each one. It is also important to obtain information regarding the

22 replacement, repair or renovation of existing capital assets. The planning board or committee should also consider the estimated tax impact of proposed projects. How well will the total annualized tax impacts of capital spending fit within the municipality s overall fiscal goals and the urgency of the needs? As information is gathered, the planning board or committee should review it and respond to the official, board or employee who provided it as appropriate with recommendations, questions or comments. RSA 674:7. While some municipalities prefer to have the town administrator or manager help with the financial and tax impact end of things, in others the planning board or committee handles all of it. If the administrator or manager is part of the committee, this can all be made much more seamless. In any case, the planning board or committee should engage in a thorough discussion with all of the officials and employees it needs to in order for the CIP to address the municipality s needs. Funding The most straightforward way to pay for municipal projects is through a one-year appropriation, but that is certainly not the only way. Regular appropriations into capital reserve funds targeted for specific projects are, essentially, savings accounts for future projects. They prevent spikes and dips in the property tax rate and can be much easier for taxpayers to handle than a sudden, very large expense in one year. Municipalities may also borrow to pay for capital projects, either by borrowing directly from a bank or, more commonly, by issuing bonds. Borrowing spreads the expense out after the project rather than before. Another funding source is impact fees. They may be assessed and collected from those receiving approval from the planning board for development projects and used to fund capital projects, although they must be refunded if they are not spent or encumbered for the purpose for which they were collected within six years after collection. RSA 674:21, V. This means that they should be targeted toward projects that are projected to occur within that timeframe. It is often possible for a municipality to pay for much of a project with grant money from the state or federal government, and occasionally from private sources. Most grants require some matching portion of the funds to be provided by the municipality, but they can still significantly reduce the tax impact. Taxes may also be targeted toward capital improvements through a tax increment financing district under RSA 162-K. Most importantly, all of these methods may be used in combination with one another. A mix of funding sources is often the best way to move projects forward without undue pressure on taxpayers. Drafting, Revision and Adoption of the CIP There is no statutory procedure for the planning board or committee to follow to adopt the final product. The New Hampshire Office of Energy and Planning (OEP) recommends using the same process that a planning board would use to adopt a master plan under RSA 675:6. Under that procedure, the board/committee holds at least one public hearing with ten days posted and published public notice (exclusive of posting and hearing days). If substantive changes are made after the first hearing, a second hearing may be held with the same notice. In any case, the planning board or committee should take a formal vote at a public meeting to adopt the final version. A copy should be sent to NH OEP for filing. RSA 675:9.

23 The planning board or committee must present the CIP to the mayor or selectmen and the budget committee, if one exists, for consideration as part of the annual budget. RSA 674:8. Although only the plan for the current year must be presented each year, it does not make sense to present proposals in a vacuum. Providing the entire CIP will allow those preparing the budget to put the recommendations in context and make them more useful. Next Steps: Begin Again! To be effective, a CIP cannot simply be prepared, put on the shelf and forgotten. It must be an ongoing project. The best CIPs are reviewed and amended on a regular basis (every 1-3 years) and kept up to date. Priorities, needs and opportunities will change over time, and the CIP needs to change as well. The original authority by the legislative body is sufficient for the planning board or committee to continue work past the first year, although additional appropriations may be required in subsequent years to fund the review and amendment process. Each time the CIP is amended, it should be filed with NH OEP and shared once again with the mayor or selectmen and budget committee. A great CIP is worth the time and effort that go into it. It is a versatile planning tool that can help municipalities make better choices and plan for future needs in a way the community can afford. C. Christine Fillmore is a municipal attorney and former Staff Attorney with the New Hampshire Municipal Association. < Back to Town And City Home (/TownAndCity) NHMA Shop ( Directions (/About#directions) Meeting Notices (/About#notices) NHMA RSS Feeds (/Datafeeds/Index) Contact NHMA (/About#contact) Website Feedback (/About/Feedback) Sitemap (/About/Sitemap) New Hampshire Municipal Association 25 Triangle Park Dr. Concord, NH nhmainfo@nhmunicipal.org (mailto:nhmainfo@nhmunicipal.org) 2013

24 NHLGC :: Legal Q & A: Capital Budgeting and the Planning Board Page 1 of 3 10/28/2011 Home > Publications > New Hampshire Town and City > Article Index New Hampshire Town and City Article Index Legal Q & A: Capital Budgeting and the Planning Board New Hampshire Town and City, October 2011 The following is a short discussion about budgeting for major purchases of capital items at the municipal level. Sometimes this will be an important piece of equipment, like a fire truck or a snowplow, but it also includes much larger public works projects, such as a water line or sewer line, which may require years of planning before the actual work begins. Q. Is there any requirement that a municipality adopt a separate budget for major capital items, like the State legislature creates every two years? A. No, the municipal budget law, RSA Chapter 32, does not have a provision for a separate capital budget at the municipal level. Instead, the focus is on how major purchases will be funded. In approving an appropriation for the project, the voters may choose to pay for the item immediately through current taxes, or they may vote to borrow the money by issuing a note or a bond. If they decide to accomplish the project in the future, they may put money aside over a period of years by adding amounts to a capital reserve fund dedicated to funding the item. Q. Is there any board or group who is responsible to identify these important items, and make recommendations about when they should be acquired, and how they should be funded? A. There are several ways the issue may come before the voters. The selectmen are responsible for creating the language in the annual warrant for town meeting, and they may identify the items after consulting with department heads, or an advisory or official budget committee. Citizens may create warrant articles through the petition process, and thus any group in town able to persuade 25 citizens to sign a petition document will bring the issue forward for discussion and a vote. However, the task of planning for the future infrastructure needs of a municipality is assigned by statute to the planning board, which must create a "master plan" that deals with a vision of how the municipality should apply principles of smart growth, sound planning and wise resource protection. If authorized by the local legislative body, either the planning board or a "capital improvement program committee" may also prepare a "capital improvements program" (CIP) report, which recommends projects that should be considered over a period of at least the next six years. These two tasks are related, but they are not the same. The statutory authorization is found at RSA Chapter 674 in sections 1 through 8. Q. If a major infrastructure project, such as a water line or a sewer line, is identified by the master plan, does that mean that the municipality is required to construct the item? A. The New Hampshire Supreme Court held in Treisman v. Bedford, 132 N.H. 54 (1989), that a master plan is meant to be a general guide to assist planning boards in making zoning decisions. The master plan created by the planning board does not commit a municipality to expend funds, since only the legislative body has the authority to appropriate funds for public purposes. Q. What about the CIP? If we create such a plan, does that commit the municipality to actually go forward on all of the identified projects?

25 NHLGC :: Legal Q & A: Capital Budgeting and the Planning Board Page 2 of 3 10/28/2011 A. No. The legislature has clearly stated in RSA 674:5 that the sole purpose of the CIP is to "aid" governing body members and any budget committee in their consideration of the annual budget. If a CIP has been authorized by the voters, RSA 674:8 suggests that the recommendations be updated on an annual basis. Q. If the master plan doesn't bind anyone, and the CIP doesn't bind anyone, then why is the planning board and/or the capital improvements program committee required or authorized to create these products? A. Because the legislature has recognized that planning for land use and implementing zoning controls are about the future needs of a municipality. These bodies are assigned to spend time thinking about the future, to survey the desires of their citizens, to amass and study the available objective data, and to make recommendations to policy makers and voters about how these desires might actually be implemented through future decisions. Q. How do the two products differ? A. By statute, a master plan is only required to deal with the "vision" of the municipality's future, and specific statements about how land might be used in the future. Additional optional sections may be added to the plan to deal with issues such as transportation, utilities, natural hazard mitigation and economic development. These matters are discussed based upon the needs of the community as a whole. The CIP is designed to deal with municipal needs identified at the level of the operating department and the school board. While a master plan might talk about the entire road infrastructure in a municipality, the CIP will help identify when to plan a purchase of a new plow truck or grader. The master plan might talk about health care facilities in the region, while the CIP will identify when a new ambulance should be acquired. Q. Right now, it is difficult to maintain the current level of municipal services. Does it really make sense to put a lot of effort into these plans at this time? A. Yes. In fact, it is times like these when resources are tight that planning is even more important. Every service that a municipality provides uses equipment that will wear out and must eventually be replaced. These planning tools allow citizens to work together to decide which services are most important, and how to best finance these needs in a way that minimizes wide swings in the local tax burden. For example, by establishing a capital reserve fund, the voters make a statement that a certain project is important to them. When amounts are added to the fund annually, the voters are reminded that the project is moving forward, and they may either continue their support, or decide to use the funds for a different project. When replacement equipment must be purchased, either all or most of the funds will already be available. The need to borrow funds is reduced or eliminated, and costs for interest, bond counsel and other financial services may be avoided. Q. But isn't there a chance that the master plan or the CIP will simply turn into a "wish list" for the various departments, without any real chance that the voters will approve the projects? A. As with any planning tool, if the participants do not treat the process seriously, the results will not gain credibility with the voters as decision makers. Neither of these tools can be used to create a meaningful report in a short period of time. Instead, each takes a good deal of effort to collect the necessary information about the cost of these major capital items, how long items of equipment are expected to remain in service, comparisons of the cost to refurbish or rehabilitate an item as

26 NHLGC :: Legal Q & A: Capital Budgeting and the Planning Board Page 3 of 3 10/28/2011 opposed to replacement, and the financial impact of a purchase as compared to financing the item through a bond or note issue. The information needs to be updated annually in order to remain current and meaningful. It is really a continuous process, as projects are completed and decisions are made about which projects to add and which ones to modify or abandon. Since the work is mostly done by volunteers, it takes time and effort to perform the analysis and also to train both participants and users about how the process should be conducted. The time to do this work is now, since there are fewer applications to process and board members have the free time to consider these broader issues. There are resources available to assist boards that are just beginning the process at the state website, select "Capital Improvement Program" from the Resource Library. Q. Are there any downsides if we simply don't deal with the master plan or the capital improvements program? A. Yes. Pursuant to RSA 674:21, planning boards have the ability to implement various types of innovative land use controls. However, RSA 674:21, II requires the planning board to use the master plan as a guide to administration of the innovative land use controls. Also, RSA 674:21, V(b) prohibits the adoption of an impact fee ordinance unless the municipality has enacted a capital improvements program. If another period of intense growth occurs, a master plan and a CIP are prerequisites to the adoption of a growth management ordinance in accordance with RSA 674:22. In the near future, municipal officials will be asked to review large issues, such as planning for future water use, planning for the disposal of solid and other wastes, and planning for transportation networks. The tools of the master plan and the CIP are important ways for the voices of citizens to be heard at the most local level, so that their elected representatives can move forward to make decisions that will appropriate large sums toward projects that will affect each of us every day both at home and at work. Local officials in NHMA-member municipalities may contact LGC's Legal Services Attorneys for more information on this and other topics of interest Monday through Friday from 8:30 a.m. to 4:30 p.m. by calling , ext School officials should contact the New Hampshire School Boards Association attorney at

27 NEW HAMPSHIRE MUNICIPAL ASSOCIATION (/) New Hampshire Town And City Reserve Funds, Special Revenue Funds or Revolving Funds: Choosing the Right Tool for the Right Job New Hampshire Town and City, November/December 2005 By By Barbara Reid Capital reserve funds, expendable trust funds and special revenue funds are useful budgeting tools that allow municipalities to set money apart from the general fund for specific purposes. With the passage of Chapter 79, Laws of 2005 authorizing the use of revolving funds for recycling, ambulance and public safety services outside of ordinary details, towns now have a new vehicle for setting money aside. Understanding the differences between these funds, in terms of how money is placed into each fund and expended from each fund, is necessary to insure that the right tool is chosen for the right job. Capital Reserve and Expendable Trust Funds Towns, school districts and village districts under the provisions of RSA 35 ( and cities under RSA 34 ( may establish capital reserve funds. Expendable trust funds are established under RSA 31:19-a ( for towns and RSA 198:20-c ( for school districts. After many years of confusion over the similarities, differences and terminology used in these particular statutes, in 1995 the legislature enacted an amendment to clarify that the same provisions apply to both capital reserve funds and expendable trust funds regardless of what the fund is called or the statutory authority under which it was established. Hence, the term reserve fund" now commonly refers to both capital reserve funds and expendable trust funds. Reserve funds may be established to finance capital projects, capital acquisitions, revaluations, extraordinary legal fees, and to fund maintenance or operational costs. Placing money into a reserve fund requires an appropriation voted by the legislative body, which is the town, school or village district meeting, city or town council. Withdrawing money from a reserve fund also requires a vote of the legislative body at either an annual or special meeting, unless the legislative body has named agents to expend from the reserve fund. If so named, agents may authorize expenditures from the reserve fund at any time without further appropriation by the legislative body, but only for the purpose for which the fund was established. The legislative body may name agents at the time the reserve fund is established, or at a later date. Regardless of whether or not agents have been named to authorize expenditures, all reserve funds are held in the custody of the Trustees of Trust Funds.

28 Special Revenue Funds Special revenue funds are established by towns under the provision of RSA 31:95-c ( and allow the legislative body to vote to restrict all or a portion of future revenues from a specific source to expenditures for a specific purpose. An example would be to establish a special revenue fund from tipping fees for the purpose of funding operating costs at the transfer station. The law requires that the use of special revenue funds be limited to those activities funded primarily through user fees. Although placing money into a special revenue fund only requires an initial vote by the legislative body to identify the revenue source, expenditures from a special revenue fund require an annual appropriation. The law is very specific that special revenue funds shall be expended only after a vote by the legislative body to appropriate a specific amount from said fund for a specific purpose related to the purpose of the fund or source of the revenue." There is no provision under the special revenue fund law for agents to be named to authorize expenditures from the fund, as there is under the reserve fund provisions described above. Also, in contrast to the reserve funds statutes, special revenue funds are not held by the Trustees of Trust Funds, but rather are held by the town or district treasurer. Revolving Funds Since 1996, schools have had authority under RSA 194:3-c ( to establish revolving funds for selfsupporting programs. Towns, cities and village districts have had authority under RSA 35-B ( to establish a revolving fund limited to recreation and parkland purposes. During this past legislative session, a new provision of law was added under RSA 31:95-h ( which now authorizes towns to establish revolving funds for the following additional purposes: facilitating or encouraging recycling; providing ambulance service; or providing public safety services outside the ordinary detail of municipal employees or volunteers, including public safety services in connection with special events, highway construction and other construction projects. After voting to establish the revolving fund, the legislative body may vote to deposit into the fund: all or any part of the revenue from fees, charges, or other income derived from the activities or services supported by the fund, and any other revenues approved by the legislative body." Expenditures from a revolving fund are made upon orders of the governing body, or other board or body designated by the legislative body at the time the fund was created. Unlike a special revenue fund, no further appropriation approval is required by the legislative body in order to expend revolving funds. However, the legislative body may, at any time, vote to place limitations on expenditures from the fund, including restrictions on the types of items or services that may be purchased, limitations on the amount of any single expenditure, or limitations on the total amount of expenditures to be made in a year. Similar to the no-means-no" provision of RSA 32:10 ( no amount may be expended from a revolving fund for any item or service for which an appropriation has been specifically rejected by the legislative body during the same year. Finally, revolving funds are held in the custody of the town treasurer. Which Tool for Which Job? Capital reserve funds are best used in a way similar to a college savings account, in terms of setting money aside to help offset a significant future expense. Expendable trust funds are most often used as maintenance reserve funds, to insure that money is available in the event of situations such

29 as equipment or building failure. Unlike capital reserve funds, which are usually established to fund a particular project several years down the road, expendable trust funds are usually established to address immediate needs that may arise during the year, such as repairs to an ambulance or roof. If immediate access to maintenance reserve funds is needed, then it is advisable to name agents to those reserve funds in order to insure that expenditures from those funds can be authorized without waiting until the next annual meeting of the legislative body. Special revenue funds are an excellent means of segregating specific revenues from the general fund for a specific purpose. Although a special revenue fund restricts the use of the identified revenue, it still allows the legislative body to retain control over the level of expenditure, via an appropriation. Revolving funds segregate a specific revenue source similar to a special revenue fund; but a revolving fund also provides immediate access for expenditure from those funds, much like naming agents to an expendable trust fund. Private police detail is an excellent example of an activity that is well suited to a revolving fund. Finally, it should be noted that expenditures from all of these funds are limited to the specific purpose for which the fund was established. Converting From One Type of Fund to Another The statutes for each of the funds previously discussed outline the procedure necessary to abolish or rescind the fund. Upon voting to abolish or rescind a capital reserve fund, expendable trust fund, special revenue fund or revolving fund, any balance in the fund lapses to the general fund and becomes part of the general fund unreserved fund balance, which is then available for appropriation. For example, a municipality could dissolve the special revenue fund that was established for private police detail, allowing the balance of that fund to lapse to the general fund, and then establish a revolving fund for private police detail, with an initial appropriation funded from fund balance. This could be accomplished in one warrant article, or via two separate warrant articles that are contingent upon passage of each other. Conclusion When preparing the upcoming budget, municipal, school and village district officials should be aware of the statutory provisions governing these various funds, and should recommend establishing the appropriate fund to accomplish the particular objective. The following chart should help determine which fund is the best budgeting tool for a particular purpose. Barbara Reid is a Government Finance Advisor for the Local Government Center. < Back to Town And City Home (/TownAndCity) NHMA Shop ( Directions (/About#directions)

30 Meeting Notices (/About#notices) NHMA RSS Feeds (/Datafeeds/Index) Contact NHMA (/About#contact) Website Feedback (/About/Feedback) Sitemap (/About/Sitemap) New Hampshire Municipal Association 25 Triangle Park Dr. Concord, NH

31 NH LAW ON CAPITAL AND NON-CAPITAL RESERVE FUNDS Section 35:1 35:1 Establishment of Reserves Authorized. Any town, school district, village district, or county, as provided by RSA 35:3 may raise and appropriate money for the establishment of a capital reserve fund for the financing of all or part of the cost of: I. The construction, reconstruction or acquisition of a specific capital improvement, or the acquisition of a specific item or specific items of equipment; or II. The construction, reconstruction, or acquisition of a type of capital improvement or the acquisition of a type of equipment; or III. A reappraisal by appraisers of the department of revenue administration or such other appraisers, appraisal firms or corporations approved by the commissioner of revenue administration, of the real estate in such town for tax assessment purposes; or III-a. The acquisition of land; or IV. The acquisition of a tax map of said town; or V. Extraordinary legal fees and expenses related to present or foreseeable litigation involving the town or its officers and employees; or VI. Municipal and regional transportation improvement projects including engineering, right-of-way acquisition and construction costs of transportation facilities, and for operating and capital costs for public transportation. Source. 1943, 160:1. RSA 35: , 51: , 42: , 285:2, eff. Aug. 10, , 4:3, eff. May 17, Section 35:1-c 35:1-c Non-Capital Reserve Funds Authorized. Any town, school district, county, or village district may establish a reserve fund for the maintenance and operation of a specific public facility or type of facility, a specific item or type of equipment, or for any other distinctly-stated, specific public purpose that is not foreign to its institution or incompatible with the objects of its organization. Such funds shall be subject to all provisions and limitations of this chapter as are applicable to capital reserve funds. The legal validity of such a fund properly established shall not be affected by its designation as a "trust,'' "reserve,'' "capital reserve,'' or any other designation. Source. 1995, 20:6, eff. June 11, Section 35:3 35:3 Meetings. Except as provided in RSA 35:7, the authority granted by RSA 35:1 shall be exercised only by a majority vote of the legal voters present and voting at an annual or special meeting in the case of a town, school district, or village district. The warrant for a town, school district, or village district meeting, to consider the establishment or discontinuance of such a reserve, shall include an article distinctly stating the purposes for which such reserve is to be established or was established as appropriate. In the case of a county, the authority granted in RSA 35:1 shall be exercised by a majority vote of the county delegation after a public hearing on the budget as required by RSA 24:23, RSA 24:13-c, IV, or RSA 24:14-a. The public notice of such hearing shall include a statement distinctly stating the purpose for which such reserve is to be established. Source. 1943, 160:2. RSA 35: , 287: , 167:1, eff. July 26, P age August 1, 2013

32 Section 35:5 35:5 Payments Into Fund. There may be paid into any such capital reserve fund, except as provided in RSA 35:7, such amounts as may from time to time be raised and appropriated therefor, from any source other than money given to the town, district, or county for charitable purposes. Such amounts shall be within the limits as provided in RSA 35:8, and any such town, district or county may also vote to transfer to said fund, under a proper article in the warrant in the case of a town or district, any of its unencumbered surplus funds remaining on hand at the end of any fiscal year. Source. 1943, 160:4, eff. May 5, , 224:4, eff. July 31, Section 35:7 35:7 Water Departments. Any water works or sewer department of a city or town, organized by general law or special act of the legislature and financed principally by water or sewer rentals, may, by unanimous vote of the body charged with the administration thereof, whether the local governing body, water board, or a board of water or sewer commissioners, establish a capital reserve fund for said department for the purposes as provided in RSA 35:1. Such reserve shall be established only from surplus from water or sewer rentals and no part thereof shall be made from appropriations by said city or town. Source. 1943, 160: , 95:1, eff. July 8, Section 35:15 35:15 Expenditures. I. Persons holding said capital reserve funds in trust, as provided in this chapter, shall hold the same until such time as the town, district or county shall have voted to withdraw funds from such capital reserve fund or shall have named agents of the town, district or county to carry out the objects designated by the town, district or county, in the manner prescribed by RSA 35:3. II. Expenditures from any fund established for the acquisition of land pursuant to RSA 35:1 shall be made only as authorized: (a) By a majority vote of the legal voters present and voting at an annual or special meeting, in the case of a town, school district or village district, or by majority vote of the county delegation, in the case of a county, or (b) By the selectmen, appointed as agents pursuant to RSA 41:14-a, provided that the selectmen shall not have authority to expend any sum in excess of the amount contained in any capital reserve account created for the purchase of land other than any grant moneys which may be received. III. (a) Notwithstanding the prohibition of debt retirement fund establishment in RSA 33:2, capital reserve funds may be used for multiple payments under a financing agreement for the purpose for which the capital reserve was established. If the financing agreement is a lease/purchase agreement the following shall apply: (1) The lease/purchase agreement does not contain an "escape clause'' or "non-appropriation clause''; and (2) The lease/purchase agreement has been ratified by the legislative body by a vote by ballot of 2/3 of all the voters present and voting at an annual or special meeting. (b) If agents have been named according to RSA 35:15, then no further vote is required to disburse funds following the initial vote which ratified the financing agreement. IV. In the case of a water works or sewer department, as provided in RSA 35:7, the governing body, water board, or the water or sewer commissioners if any, shall determine when expenditures from said reserve shall be made. V. In all cases, expenditures from a capital reserve fund shall be made only for or in connection with the purposes for which said fund was established or as amended as provided in RSA 35:16. Source. 1943, 160:9. RSA 35: , 285: , 167: , 95:2, eff. July 8, , 43:1, eff. July 4, , 187:1, eff. Sept. 3, , 178:3, eff. Aug. 17, P age August 1, 2013

33 Section 35:16 35:16 Change of Purpose. After the purpose for which a capital reserve fund is established has been determined, no change shall be made in the purpose for which said fund may be expended unless and until such change has been authorized by a vote of 2/3 of all the voters present and voting at an annual town or district meeting, in the case of a town or district, or by vote of 2/3 of the entire membership of a county delegation, in case of a county, or by unanimous vote of the water board or commissioners of the water department, in the case of a water works department, as provided in RSA 35:7. Source. 1943, 160:10, eff. May 5, Section 35:16-a 35:16-a Discontinuing Fund. Any town, school district, village district or county which has established a capital reserve fund pursuant to the provisions of this chapter may, as provided by RSA 35:3, vote to discontinue such capital reserve fund. If such fund is discontinued, the trustees of the trust fund holding the account for said fund shall pay all the monies in such fund to the town, district or county treasury as applicable. Source. 1977, 287:1, eff. Aug. 26, P age August 1, 2013

34 Figure 2-1. Population Growth, Actual, Estimated, and Projected for Belmont, NH, Residents Year Source: US Census 1980, 1990, 2000, 2010; NH OEP Projections (2013), NH OEP Estimates 2014 (2015) Belmont, First Tier Communities, Lakes Region and State of New Hampshire Growth Comparisons % Change High- Low '80-'90 % Change High- Low '90-'00 % Change High- Low '00-' Change Change Change Belmont 4,026 5,796 6,716 7,356 1, % % % 4 Canterbury 1,410 1,687 1,979 2, % % % 2 Gilford 4,841 5,867 6,803 7,126 1, % % % 6 Gilmanton 1,941 2,609 3,060 3, % % % 1 Laconia 15,575 15,743 16,411 15, % % % 8 Northfield 3,051 4,263 4,548 4,829 1, % % % 5 Sanbornton 1,679 2,136 2,581 2, % % % 3 Tilton 3,387 3,240 3,477 3, % % % 7 First Tier 31,884 35,545 38,859 40,568 3, % - 3, % - 1, % - Lakes Region 78,511 92, , ,735 13, % - 14, % - 5, % - New Hampshire 920,475 1,109,252 1,235,786 1,316, , % - 126, % - 80, % - Source: US Census 1980, 1990, 2000, 2010 Belmont CIP Financial Updates Charts&Graphs.xls2-1 September 29, 2015 Printed: 11/2/2015 8:02 AM

35 Figure 2-2. Population and Housing, Belmont, NH: ,000 7,000 6,000 5,000 4,000 3,000 2,000 1, ,716 7,356 5,796 4,026 2,869 3,113 3,516 1, Residents Housing Source: US Census 1980, 1990, 2000, 2010 Table 2-3. Estimated Total Housing Units for Belmont, NH and Surrounding Communities, High- Census 2000 Census 2010 Change % Change Low '80- '90 Change % Change '00 High- Low '90- High- Low '00- '10 Census 1980 Census 1990 Change % Change Belmont 1,988 2,869 3,113 3, % % % 4 Canterbury , % % % 1 Gilford 3,026 4,397 4,312 5,111 1, % % % 3 Gilmanton 1,440 1,744 1,848 2, % % % 6 Laconia 6,801 8,201 8,554 9,879 1, % % 6 1, % 5 Northfield 1,135 1,671 1,782 1, % % % 8 Sanbornton 997 1,131 1,359 1, % % % 2 Tilton 1,476 1,612 1,631 1, % % % 7 First Tier 15,380 19,480 20,324 23,536 4, % % - 3, % - Lakes Region 47,048 60,864 64,240 73,969 13, % - 3, % - 9, % - New Hampshire 386, , , , , % - 42, % - 67, % - Source: US Census 1980, 1990, 2000, 2010 Belmont CIP Financial Updates Charts&Graphs.xls2-2&3 September 29, 2015 Printed: 11/2/2015 8:02 AM

36 BELMONT CAPITAL and NON CAPITAL RESERVE & OTHER FUNDS Accrued Benefits Liability Expendable Trust Fund 2007 ARTICLE 17. To see if the Town will vote to establish an Expendable Trust Fund in accordance with RSA 31:19-a for the purpose of funding Accrued Benefits Liability and to raise and appropriate the sum of fifty thousand dollars ($50,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund and further to fund said appropriation by authorizing the transfer of $25,000 from the unexpended fund balance as of December 31, 2006, and $25,000 from general taxation. $102, BRATT - Phase ARTICLE 13. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of BRATT Phase II and to raise and appropriate the sum of twenty thousand dollars ($20,000) to be placed in this fund, and further, to designate the Selectmen as agents to expend money from this fund Article #16. Shall the Town vote to change the name and purpose of the BRATT (Belmont Recreational Alternative Transportation Team) Phase II Capital Reserve Fund to the BRATT Capital Reserve Fund for the expanded purpose of funding any and all costs related to Belmont s Lake Winnisquam Scenic Trail including but not limited to engineering, construction and maintenance and further, to continue to designate the Selectmen as agents to expend money from this fund. (2/3 vote required). This account has a balance of $62, in it. $62, Bridge Repair Building Exhaust CLOSED Cemetery Maintenance COMSTAR 2003 ARTICLE 19. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Town Bridge Repair and Maintenance and to raise and appropriate the sum of twenty thousand dollars ($20,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund. $31, ARTICLE 7. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Town Building Exhaust Systems and to raise and appropriate the sum of eighteen thousand dollars ($18,000) to be place in this fund and further, to designate the Selectmen as agents to expend money from this fund ARTICLE 7. To see if the Town will vote to discontinue the following Capital Reserve Funds; said funds, with accumulated interest to date of withdrawal, are to be transferred to the municipality s general fund. ($153.03) 1997 ARTICLE 3. To see if the Town will vote to establish a general cemetery maintenance fund under the provisions of RSA 31:19-a, the income and principal in said fund to be totally expendable at the discretion of the Cemetery Trustees for purposes of cemetery maintenance, and to raise and appropriate $2,000 to be placed in this fund. $12, ARTICLE 16. To see if the Town will vote to adopt the provisions of RSA 31:95-c to restrict the revenues from Ambulance billings to expenditures for the purposes of Ambulance replacement when Last Updated September 16, Fund Balances as of August 31, 2015 (Comstar, Conservation and Heritage Balances are through 8/31/2015)

37 needed and replace of Ambulance Equipment when needed. Such revenues and expenditures shall be accounted for in a special fund to be know as the Ambulance Replacement and Equipment Fund, separate from the General Fund. Any surplus in said fund shall not be deemed part of the General Fund accumulated surplus and shall be expended only after a vote by Town Meeting to appropriate a specific amount from said fund for a specific purpose related to the purpose of the fund or source of revenues ARTICLE 7. To see if the Town will vote to adopt the provisions of RSA 31:95,C to restrict the revenues from ambulance billings to the replacement and repair of fire and ambulance apparatus and equipment. Such revenues and expenditures shall be accounted for in a special fund to be known as the Fire/Ambulance Equipment and Apparatus Fund, separate from the General Fund and shall be non-lapsing and shall only be expended by vote at a Town Meeting, provided however, that the Selectmen shall be authorized to withdraw, at the end of the Town s fiscal year, an amount equal to the fees charged by COMSTAR, or its successor, for the collection and administration of such fees BALLOT QUESTION 5. Shall the Town vote to amend the vote taken on Article 7 at the 1999 Annual Meeting to restrict all revenues from ambulance billings (Comstar) to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund to instead restrict all but the first $91,106 of revenues from ambulance billings (Comstar) received during the 2011 budgetary year to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund. The first $91,106 of revenues from ambulance billings will be deposited in the Town s General Fund to defray the cost items identified below. This restriction shall only be effective for the 2011 budgetary year (Majority Ballot Vote). Shift Coverage (Vac., Sick, Personal)-$30,900; Training Coverate (EMT-I RTP and EMT-P RTP)-$2,500; Office Expense-$1,000; Telephone Expense- $1,000; Software Maintenance-$500; EMS PC Tablet-$4,000; Conferences & Dues (EMS related)-$415; Telephone Classes (EMS)- $1,200; Operating Equipment-$3,500; Medical & Supply Expenses- $24,591; Comstar Billing Fees-$12,500; Vehicle Repair & Parts-$5,000; Fuel-$4, BALLOT QUESTION 9. Shall the Town vote to amend the vote taken on Article 7 at the 1999 Annual Meeting to restrict all revenues from ambulance billings (Comstar) to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund to instead restrict all but the first $97,091 of revenues from ambulance billings (Comstar) received during the 2012 budgetary year to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund. The first $97,091 of revenues from ambulance billings will be deposited in the Town s General Fund to defray the cost items identified below. This restriction shall only be effective for the 2012 budgetary year (Majority Ballot Vote). Shift Coverage (Vac., Sick, Personal)-$33,400; Training Coverate (EMT-I RTP and EMT-P RTP)-$12,500; Office Expense-$1,000; Telephone Expense- Last Updated September 16, Fund Balances as of August 31, 2015 (Comstar, Conservation and Heritage Balances are through 8/31/2015)

38 $1,000; Computer-1,600; Conferences & Dues (EMS related)-$500; Medical & Supply Expenses-$24,591; Comstar Billing Fees-$12,500; Vehicle Repair & Parts-$5,000; Fuel-$5, BALLOT QUESTION 5. Shall the Town vote to amend the vote taken on Ballot Question 7 at the 1999 Annual Meeting to restrict all revenues from ambulance billings (Comstar) to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund to Instead restrict all but the first $91,945 of revenues from ambulance billings (Comstar) received during the 2013 budgetary year to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund. The first $91,945 of revenues from ambulance billings will be deposited in the Town s General Fund to defray the Fire/Ambulance cost items identified below. This restriction shall only be effective for the 2013 budgetary year (Majority Ballot Vote). Overtime Coverage-$40,000; Telephone Expense- $1,000; Conferences & Dues (EMS related)-$500; Training Expenses- $1,200; Medical & Supply Expenses-$24,745; Comstar Billing Fees- $12,500; Office Supplies-$1,000; Vehicle Repair & Parts-$5,000; Fuel- $6, Ballot Question #11. Shall the Town vote to amend the vote taken on Article 7 at the 1999 Annual Meeting to restrict all revenues from ambulance billings (Comstar) to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund to instead restrict all but the first $93,945 of revenues from ambulance billings (Comstar) received during the 2014 budgetary year to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund. The first $93,945 of revenues from ambulance billings will be deposited in the Town s General Fund to defray the cost items identified below. This restriction shall only be effective for the 2014 budgetary year (Majority Ballot Vote). Overtime Coverage $40,000 Telephone Expense $ 1,000 Conferences & Dues (EMS related) $ 500 Training Expenses $ 1,200 Medical & Supply Expenses $26,745 Comstar Billing Fees $12,500 Office Supplies $ 1,000 Vehicle Repair & Parts $ 5,000 Fuel $ 6, Ballot Question #5. Shall the Town vote to amend the vote taken on Article 7 at the 1999 Annual Meeting to restrict all revenues from ambulance billings (Comstar) to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund to instead restrict all but the first $85,427 of revenues from ambulance billings (Comstar) received during the 2015 budgetary year to be deposited in the Special Revenue fund known as the Fire/Ambulance Equipment and Apparatus Fund. The first $85,427 of revenues from ambulance billings will be deposited in the Town s General Fund to defray the cost items Last Updated September 16, Fund Balances as of August 31, 2015 (Comstar, Conservation and Heritage Balances are through 8/31/2015)

39 identified below. This restriction shall only be effective for the 2015 budgetary year (Majority Ballot Vote). Overtime Coverage $15,000 Telephone Expense $ 500 Conferences & Dues(EMS) $ 500 Training Expenses $ 1,000 Medical & Supply Expenses $52,427 Comstar Billing Fees $ 9,000 Office Supplies $ 500 Vehicle Repair & Parts $ 2,500 Fuel $ 4,000 Conservation Fund Digital Radio Equipment Drainage Projects Dry Hydrant and Cistern Repair Emergency Power Supply CLOSED 2012 $463, ARTICLE 47. To see if the Town will vote to authorize the Conservation Commission to retain the unexpended balance of its annual appropriation, including 1992, said funds to be placed in a Conservation Fund as authorized by RSA 36-A:5, I ARTICLE 12. To see if the Town will vote to deposit 100 percent (not to exceed $5,000 in any one year) of the revenues collected pursuant to RSA 79-A (the land use change tax) in the conservation fund in accordance with RSA 36-A:5,III as authorized by RSA 79-A:25 II ARTICLE 16. To see if the Town will vote to deposit 100 percent of the revenues collected in accordance with RSA 79-A (Land Use Change Tax Penalties) in the conservation fund in accordance with RSA 36-A:5, III as authorized by RSA 79-A:25 IV. $91, ARTICLE 16. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Digital Radio Equipment and to raise and appropriate the sum of fifteen thousand dollars ($15,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund. $1, ARTICLE 14. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of town Drainage Projects and to raise and appropriate the sum of sixty-five thousand dollars ($65,000) to be placed in this fund and to fund this appropriation by authorizing the transfer of $33,000 from the unexpended fund balance as of December 31, 2002 with the balance of said appropriation ($32,000) to be raised by taxation, and further to designate the Selectmen as agents to expend from this fund. $49, BALLOT QUESTION 31. Shall the Town vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Dry Hydrant and Cistern Repairs and Maintenance, and further to raise and appropriate the sum of Two Thousand Five Hundred Dollars ($2,500) to be placed in this fund; and further to name the Selectmen as agents to expend said funds. $5, ARTICLE 17. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of an Emergency Power Supply and to raise and appropriate the sum of twenty- Last Updated September 16, Fund Balances as of August 31, 2015 (Comstar, Conservation and Heritage Balances are through 8/31/2015)

40 Economic Development Frequency Equipment CLOSED Heritage Fund Highway Reconstruction And Maintenance Homeland Defense CLOSED 2012 five thousand dollars ($25,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund BALLOT QUESTION 35. Shall the Town vote to discontinue the following Capital Reserve funds; said funds, with accumulated interest to date of withdrawal, are to be transferred to the municipality s general fund. Emergency Power Supply (Created 2005)-$7.68; Homeland Defense (Created 2002)-$195.43; Lamprey Cemetery Restoration (Created 2005)-$ ARTICLE 13. To see if the Town will vote to establish a non- Capital Reserve fund for Economic Development, as prescribed in RSA 35:1-c and to raise and appropriate the sum of $50,000 to be placed in such fund, $50,000 of said appropriation is to be funded by transfer of unexpended fund balance as of December 31, 1995 and to vote to name the Board of Selectmen as agents of the Town, and to authorize the Board of Selectmen to expend such funds for such purpose, all as prescribed in RSA 35. $57, ARTICLE 7. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Town Frequency Equipment Upgrade and to raise and appropriate the sum of thirty-five thousand dollars ($35,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund ARTICLE 7. To see if the Town will vote to discontinue the following Capital Reserve Funds; said funds, with accumulated interest to date of withdrawal, are to be transferred to the municipality s general fund. ($0) 2005 ARTICLE 4. To see if the Town will vote to establish a Heritage Fund in accordance with the provisions of RSA 674:44-d for the purpose of allowing the Belmont Heritage commission to accept and retain funds acquired by appropriation, gift or otherwise in a non-lapsing account, to be expended by the Heritage Commission for its purposes without further approval of voters. The disbursement of heritage funds shall be authorized by a majority of the heritage commission. Prior to the use of such funds for the purchase of any interest in real property, the heritage commission shall hold a public hearing with notice in accordance with RSA 675:7. $19, ARTICLE 14. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Highway Reconstruction and Maintenance and to raise and appropriate the sum of one hundred and thirty thousand dollars ($130,000) to be placed in this fund, and further, to designate the Selectmen as agents to expend money from this fund. $89, ARTICLE 15. To see if the Town will vote to establish a Non- Capital Reserve Fund under the provisions of RSA 35:1-c for the purpose of Homeland Defense and to raise and appropriate the sum of twenty thousand ($20,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund BALLOT QUESTION 35. Shall the Town vote to discontinue the Last Updated September 16, Fund Balances as of August 31, 2015 (Comstar, Conservation and Heritage Balances are through 8/31/2015)

41 Info Technology Lamprey Cemetery Restoration CLOSED 2012 Library Municipal Facilities PD Digital Camera CLOSED PD Vehicles following Capital Reserve funds; said funds, with accumulated interest to date of withdrawal, are to be transferred to the municipality s general fund. Emergency Power Supply (Created 2005)-$7.68; Homeland Defense (Created 2002)-$195.43; Lamprey Cemetery Restoration (Created 2005)-$ ARTICLE 19. To see if the Town will vote to establish a Non- Capital Reserve Fund under the provisions of RSA 35:1-c for the purpose of Information Technology and to raise and appropriate the sum of thirty thousand ($30,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund. $3, ARTICLE 14. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Lamprey Cemetery Restoration and to raise and appropriate the sum of fifteen thousand dollars ($15,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund BALLOT QUESTION 35. Shall the Town vote to discontinue the following Capital Reserve funds; said funds, with accumulated interest to date of withdrawal, are to be transferred to the municipality s general fund. Emergency Power Supply (Created 2005)-$7.68; Homeland Defense (Created 2002)-$195.43; Lamprey Cemetery Restoration (Created 2005)-$ ARTICLE 23. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Library Building Improvements, and to raise and appropriate the sum of twenty five thousand ($25,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund. $323, ARTICLE 12. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of a Municipal Facility and to raise and appropriate the sum of one hundred and twenty-five thousand dollars ($125,000) to be placed in this fund, and further, to designate the Selectmen as agents to expend money from this fund. $511, ARTICLE 13. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Police Department Digital Camera Software and to raise and appropriate the sum of five thousand ($5,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund ARTICLE 7. To see if the Town will vote to discontinue the following Capital Reserve Funds; said funds, with accumulated interest to date of withdrawal, are to be transferred to the municipality s general fund. ($44.46) 2002 ARTICLE 14. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of purchasing Police Vehicles and to raise and appropriate the sum of twenty-five thousand dollars ($25,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund.$35, Last Updated September 16, Fund Balances as of August 31, 2015 (Comstar, Conservation and Heritage Balances are through 8/31/2015)

42 Property Revaluation Province Road Meetinghouse Fund CLOSED 2013 PWD Heavy Equipment Recycling/Transfer Facility CLOSED Road Inventory Layout Sewer Pump Station Upgrades, Replacement and Repairs 2005 ARTICLE 18. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Property Revaluation and to raise and appropriate the sum of twenty-five thousand dollars ($25,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund. $42, ARTICLE 3. To see if the Town will vote to create an expendable trust fund under the provisions of RSA 31:19-a, to be known as the Province Road Meetinghouse Fund, for the purpose of preserving and renovating the Province Road Meetinghouse, and to raise and appropriate the sum of fourteen thousand seven hundred and forty-five dollars ($14,745) for this purpose, and to fund this appropriation by authorizing the transfer of $14,745 from the unexpected fund balance as of December 31, BALLOT QUESTION 10. Shall the Town vote to raise and appropriate Sixteen Thousand Nine Hundred Twenty Two Dollars and Eighty Six cents ($16,922.86) to reimburse the Belmont Historical Society for the renovations to the Province Road Meetinghouse completed in 2012 ans to fund this appropriation by withdrawing that amount from the expendable trust fund known as the Province Road Meetinghouse Fund created in 2005, and thereafter to discontinue the Province Road Meetinghouse Fund? 2002 ARTICLE 7. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Highway Department Heavy Equipment and to raise and appropriate the sum of twenty-five thousand dollars ($25,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund. $86, ARTICLE 6. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of a Solid Waste Recycling/Transfer Facility and to raise and appropriate the sum of ten thousand dollars ($10,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund ARTICLE 7. To see if the Town will vote to discontinue the following Capital Reserve Funds; said funds, with accumulated interest to date of withdrawal, are to be transferred to the municipality s general fund. ($1,210.12) 2005 ARTICLE 15. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of an Road Inventory Layout and to raise and appropriate the sum of twentyfive thousand dollars ($25,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund. $54, BALLOT QUESTION 32. Shall the town vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Sewer Pump Station Upgrades, Replacement and Repairs, and further to raise and appropriate the sum of One Hundred Twenty Five thousand Last Updated September 16, Fund Balances as of August 31, 2015 (Comstar, Conservation and Heritage Balances are through 8/31/2015)

43 Dollars ($125,000) to be placed in this fund; and further to name the Selectmen as agents to expend said funds, said sum to be offset by user s fees. $137, Sidewalks Water System Repair and Maintenance Selectman Morse moved to approve the establishment of a Capital Reserve Account in accordance with RSA 35:7 and RSA 149-I:10 III to be known as the Sewer System Repair and Maintenance Capital Reserve, and further to authorize the transfer of $250,000 from the Sewer Department Fund Balance to be placed in the reserve account. Selectmen Pike seconded the motion and the motion passed unanimously. $61, ARTICLE 21. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Sidewalks and to raise and appropriate the sum of twenty five thousand dollars ($25,000) to be placed in this fund and further, to designate the Selectmen as agents to expend money from this fund.$20, ARTICLE 28. To see if the Town will vote to establish a Capital Reserve Fund under the provisions of RSA 35:1 for the purpose of Water System Repair and Maintenance and to raise and appropriate the sum of ten thousand dollars ($10,000) to be placed in this fund, said sum is to be offset by user s fees, and further, to designate the Selectmen as agents to expend money from this fund.$80, Last Updated September 16, Fund Balances as of August 31, 2015 (Comstar, Conservation and Heritage Balances are through 8/31/2015)

44 Capital Reserve Summary LAST UPDATED:8/4/15(JB) Annual Format 9/30/15(CD) Shaded Cells are Formulas!!!!! Balance Balance Balance Balance Balance Balance Balance Capital Reserve Funds: Dep. Int. Withdraw Dep. Int. Withdraw Dep. Int. Withdraw Dep. Int. Withdraw Dep. Int. Withdraw Dep. Int. Withdraw Fire Dept Equipment Capital Reserve Fund Closed 3/07 Hwy Dept Heavy Equip CRF 39,439 15, ,566 30, ,990 65,684 22, ,285 72,349 40, ,000 49,427 7, ,745 30, ,756 Chipper CRF (formerly Hwy Equip CRF) Closed 3/07 Winnisquam FD CRF Closed 3/07 Winnisquam Ambulance FD CRF (dismantled in 2001 with $ returned to General Fund) Closed 3/07 Winnisquam FD Radio CRF Closed 3/07 Town Buildings CRF Cotton Hill Rd. CRF Closed 3/07 Town Drainage Projects 74,240 25, ,790 95,697 25, , ,253 87,329 20, ,424 25, ,462 25, ,992 49,492 Bridge Maintenance and Repair 158, , , , ,578 6, ,207 25, ,208 Police Computer CRF Closed 3/07 Public Works Facility CRF Closed 3/07 Sidewalks 183, , ,935 20, ,423 59, ,366 47, , ,310 31,033 10,081 20,951 Town Frequency Equipment Upgrade Closed 3/07 Fire Engine CRF Closed 3/07 Winn Rec Area CRF Closed 3/07 Truck and Sander CRF Closed 3/07 Library CRF 226,628 25, ,385 25, ,926 25, ,127 20, , , ,632 Power Generator House Demo CRF Closed 3/07 Town Bldg Exhaust CRF Closed 3/ Solid Waste Recycling/Transfer Center CRF Closed 3/ Lamprey Cemetery Restoration CRF (Discontinued 2012) 26, ,472 1, , Road Inventory CRF 54, , , , , , ,589 Digital Radio Equipment CRF 14, , ,456 8, ,540 1, ,939 1,939 1,939 Emergency Power Supply CRF (Discontinued 2012) 2, , Property Revaluation CRF 20, , ,000 75,011 50, , , ,001 10, ,926 42,092 Police Dept Digital Camera CRF Closed 3/ Police Dept Vehicle CRF 30, ,927 75, ,006 20,983 17, , , , ,768 35,738 Municipal Facility CRF 307, , ,863 17, , ,511 70, , , , , ,577 75, , , , ,531 BRATT Phase II CRF (2014 Annual Town Meeting Purposed Changed) 62, , , , , , ,204 Highway Reconstruction and Maintenance CRF 246, , , , , , , , , , , ,301 69, ,332 94,881 Water System Repair & Maintenance CRF 31,120 10, ,103 40,110 20, ,471 24, ,945 17, ,806 54, ,773 11, ,000 80,332 Sewer Pump Station Upgrades, Replacement & Repairs 0 115, , ,934 80,185 50, , ,222 10, ,245 Sewer System Repair & Maintenance Capital Reserve 145, ,621 93, , ,848 61, ,756 Dry Hydrant & Cistern Repairs & Maintenance ,589 1, ,591 2, ,205 1, ,205 Non-Capital Reserve Funds: Cemetary Maintenance (Non-Cap) 22, ,024 17,317 2, ,467 13,885 2, , , ,350 9,103 3, ,697 Information Technology (Non-Cap) 8, , ,300 6, , ,078 3, ,583 3,583 Homeland Security (Non-Cap) (Discontinued 2012) 3, , Economic Development (Non-Cap) (formed in 1996 with $50,000 taken from surplus) 63, , ,869 58, , , , ,663 ETF Accrued Benefits Liability 33, ,004 24,285 25, ,255 35,114 25, ,149 25, ,235 30, ,573 92,694 30, ,695 72,019 ETF Province Road Meetinghouse (Discontinued 2013) 16, , , , ,927 16, Dedicated Funds: (Fire) Ambulance Replacement and Equipment Fund (COMSTAR) 400, ,189 13, , ,777 2, , , , , ,748 97, , , , , , , ,906 Conservation Commission 29, , ,236 20, , ,938 10, ,999 66,771 39, ,935 3, ,058 38,270 50,053 97,274 Heritage Fund 13,338 5, ,997 4, ,275 1,444 23,719 4,531 28,250 6,029 1,000 35,278 17,031 25,188 27,121 TOTAL CAPITAL RESERVE FUNDS 1,480, ,890 4, ,101 1,211, ,770 2, ,917 1,357, , ,028 1,863, ,568 1, ,589 1,755, , ,827 1,688, , ,282 1,599,551 TOTAL NON-CAPITAL RESERVE FUNDS 148, , ,099 27, , ,511 27, , ,262 25, , ,058 30, , ,032 33, , ,962 TOTAL DEDICATED FUNDS - Ambulance Special Revenue Fund 400, , , , , , , , , , , , , , , , , , ,906 TOTAL DEDICATED FUNDS - CONSERVATION 29, , ,236 20, , ,938 10, ,999 66,771 39, ,935 3, ,058 38, ,053 97,274 TOTAL DEDICATED FUNDS - HERITAGE 13,338 5, ,997 4, ,275 1, ,719 4, ,250 6, ,000 33,278 17, ,188 25,121 TOTAL ALL FUNDS 2,071, ,353 4, ,914 2,219,553 1,182,366 2, ,800 2,439, ,489 1, ,403 2,477, ,010 2, ,767 2,518, , ,479 2,364, , ,693 2,285,815 Water (Budget Amount - Different from Actuals) 262, , , , ,261 Sewer (Budget Amount - Different from Actuals) 302, ,223 1,849, , ,070 Master Data CIP Updated xlsx///Cap Res Summary 1 Print Date: 11/2/2015

45 Capital Reserve Summary LAST UPDATED:8/4/15(JB) Annual Format 9/30/15(CD) Shaded Cells are Formulas!!!!! Balance Balance Balance Balance Balance Balance Balance Dep. Int. Withdraw Dep. Int. Withdraw Dep. Int. Withdraw Dep. Int. Withdraw Dep. Int. Withdraw Dep. Int. Withdraw 25, , , ,440 94, SRSD Special Ed Fund 178, , , , ,472 Shaker Regional Maintenance 175,984 75, , , , , , , ,752 75, , ,000 50,000 65,900 50,000 Shaker Regional SD (?) 119, , , ,778 SRSD Energy Fund EFT , , , , , ,383 50,000 50, SRSD Land Purchase 25, ,041 Gale School Restoration 0 5, , , , , , ,028 SRSD Energy Conservation Updates 45, ,894 SRSD School Technology 25, , , , ,000-92,644 18,595 Master Data CIP Updated xlsx///Cap Res Summary 2 Print Date: 11/2/2015

46 Town of Belmont Capital Improvements Program All Proposed Projects That Impact The Tax Rate CIP ID # EST. COST W/O DEBT BUDGET & CAP AGENT NUMBERS 12/31/2014 ACCT BALANCE PROJECT FUNDING SOURCE(S) ASSESSING DEPARTMENT AD-1 Property Revaluation (2013) 225,000 Taxes/CRF (Assessing) ,092 10,000 40,000 40,000 40,000 40,000 40,000 ASSESSING DEPARTMENT TOTAL 42,092 10,000 40,000 40,000 40,000 40,000 40,000 CEMETERY C-2 Cemetery Maintenance 10,000 Taxes/Non-CRF/UFB (Cemeteries) ,697 4,000 4,000 4,000 4,000 4,000 4,000 CEMETERY TOTAL 11,697 4,000 4,000 4,000 4,000 4,000 4,000 COMMUNITY FACILITIES CF-5 Municipal Facilities TBD Taxes/CRF(Muni Fac)/Bond ,531 TBD TBD TBD TBD TBD TBD Taxes/CRF(BRATT)$87,476/ CF-8 Winni Trail/BRATT-Currently Phase 1 900,000 Grant$349, , CF-10 ADA Compliance 150,000 Taxes TBD 25,000 25,000 25,000 25,000 25,000 25,000 CF-18 Replace Town Fuel Dispensing Sys 15,000 Taxes TBD Taxes/CRF(BRATT)$180, CF-19 Winni Trail/BRATT Phase 2 900,000 NH DOT/FHWA $720, n/a 90,000 90, CF-20 Winni Trail/BRATT Phase 3 Taxes/CRF(BRATT)$160, ,000 NH DOT/FHWA $640, n/a 27,000 27,000 27,000 27,000 27, COMMUNITY FACILITIES TOTAL 573, , ,000 52,000 52,000 52,000 50,000 CONSERVATION COMMISSION CC-2 Belmont Village Rail Spur Trail/ Tioga River Trail Phase 1 Taxes/CRF $50, ,000 NHF&G/LWCF $50,000 TBD n/a 20,000 20,000 10, CC-3 Belmont Village Rail Spur Trail/ Tioga River Trail Phase 2 Taxes/CRF $75, ,000 NHF&G/LWCF $75,000 TBD(Same) n/a 15,000 15,000 15,000 15,000 15,000 0 CONSERVATION COMMISSION TOTAL 35,000 35,000 25,000 15,000 15,000 0 ENVIRONMENTAL ENV-1 Annual Contingency Fund 20,000 Taxes/State Reimbursement ,000 10,000 10,000 10,000 10,000 10,000 ENVIRONMENTAL TOTAL 0 10,000 10,000 10,000 10,000 10,000 10,000 FIRE/EMERGENCY MEDICAL SERVICES FEMS-20 Dry Hydrant & Cistern Rep/Maint On-going Taxes/CRF ,205 2,500 2,500 2,500 2,500 2,500 2,500 FEMS-23 Mobile/Portable Radio Replacement 200,000 Taxes/CRF n/a 60,000 60,000 60,000 60, FIRE/EMERGENCY MEDICAL SERVICES TOTAL 5,205 62,500 62,500 62,500 62,500 2,500 2,500 HERITAGE RESOURCES HR-1 Heritage Resources 150,000 Dedicated Fund ,123 5,000 5,000 5,000 5,000 5,000 5,000 HERITAGE RESOURCES TOTAL 25,123 5,000 5,000 5,000 5,000 5,000 5,000 INFORMATION TECHNOLOGY IT-1 Upgrade and maintenance 0 Non-CRF (Technology) , INFORMATION TECHNOLOGY TOTAL 3, LIBRARY L-1 Building Expansion $2M Taxes/Bond-$1.7M; CRF(Library) $200K; Trust$100K ,632 (d) 25,000 25,000 25,000 25,000 25,000 25,000 LIBRARY TOTAL 323,632 25,000 25,000 25,000 25,000 25,000 25,000 Proposed CIP 2016 Proposed CIP 2017 Proposed CIP 2018 Proposed CIP 2019 Proposed CIP 2020 Proposed CIP Approved xls Printed:11/2/2015, 8:00 AM 1 Approved Plan 10/26/15

47 Town of Belmont Capital Improvements Program All Proposed Projects That Impact The Tax Rate CIP ID # EST. COST W/O DEBT BUDGET & CAP AGENT NUMBERS 12/31/2014 ACCT BALANCE PROJECT FUNDING SOURCE(S) POLICE DEPARTMENT PD-2 Cruiser Replacement Schedule 70,000 Taxes/CRF (PD Vehicles) ,738 (g) POLICE DEPARTMENT TOTAL 35, PUBLIC WORKS DEPARTMENT PWD-1 Int'l Dump Truck ,000 Taxes/CRF (PWD Equip) , PWD-3 Rubber tire excavator ,000 Taxes/CRF (PWD Equip) (e) 0 160, PWD-4 Dump Truck repl - sand/plow ,000 Taxes/CRF (PWD Equip) , PWD-8 Dump Truck repl - sand/plow ,000 Taxes Lease Purchase PWD-11C Other Sidewalks/Complement 140 N/A (g) Taxes/CRF(Sidewalks)/Grants , ,000 5,000 5,000 5,000 30, PWD-13 Road Reconstruction & Maint. TBD Taxes/Bond , , , , , , ,000 PWD-15 Road Inventory 100,000 Taxes/CRF (Rd Inv) , PWD-16 Drainage Improvements 15,000 Taxes/CRF (Town Drain Proj) ,492 25,000 25,000 25,000 25,000 25,000 25,000 PWD-17 Bridge Repair Fund 375,000 Taxes/CRF(Bridge Maint & Rep) , ,000 25,000 25,000 25,000 25,000 25,000 PWD-18 Radios 45,000 Taxes/CRF (Digital Radio Equip) , PWD-21 Ford F-550 dump ,000 Taxes/CRF (PWD Equip) , PWD-22 Champion Grader ,000 Taxes/CRF (PWD Equip) , PWD-25 PWD Heavy Equipment CRF 50,000 Taxes/CRF (PWD Equip) ,756 60,000 60,000 60,000 60,000 60,000 60,000 PWD-29 CV50 Screening Plant 50,000 Taxes/CRF (PWD Equip) , PWD-31 One Dump Truck Body Replacement 25,000 Taxes TBD PWD-32 One Dump Truck Body Replacement 25,000 Taxes TBD 25, PUBLIC WORKS DEPARTMENT TOTAL 339, ,355,000 1,180,000 1,015,000 1,115, , ,000 WATER DEPARTMENT WW-5 Town Road/Water/Sewer Project (Perkins/Pleasant Valley Drive area) Taxes/20 yr Bond $1.15M 0 CDBG Grant $500K , , , , , ,852 WW-10 New Well-Wareing Road TBD Taxes/CRF TBD n/a TBD TBD TBD TBD TBD TBD WATER DEPARTMENT TOTAL 0 100, , , , , ,852 TOTAL ESTIMATED CAPITAL IMPROVEMENTS PROGRAM BUDGET (THAT IMPACT THE TAX RATE) 1,360,621 1,749,352 1,604,352 1,339,352 1,429,352 1,119,352 1,127,352 (d) Assume already accounted for in total bond amount required, plus an addiional $100,000 contribution from the Duffy Fund (e) CRF May be applied to all PWD equipment purchases (g) Cruiser & 4WD vehicles (f) May apply to all sidewalk projects (h) See Heritage Fund CF - Conservation Fund CDBG - Community Development Block Grant Recommendations are subject to adjustment on an annual basis CRF - Capital Reserve Fund ETF - Expendable Trust Fund Proposed CIP 2016 Proposed CIP 2017 Proposed CIP 2018 Proposed CIP 2019 Proposed CIP 2020 Proposed CIP Approved xls Printed:11/2/2015, 8:00 AM 2 Approved Plan 10/26/15

48 Town of Belmont Capital Improvements Program All Proposed Projects Funded by User Fees, Grants, Unexpended Fund Balance, Reimbursements, Etc. CIP ID # ESTIMATED COST WITHOUT DEBT ($) BUDGET & CAP AGENT NUMBERS 12/31/2014 ACCT BALANCE PROJECT FUNDING SOURCE(S) CEMETERY C-2 Cemetery Maintenance 10,000 Taxes/Unexpended Fund Bal , CEMETERY TOTAL 11, COMMUNITY FACILITIES Taxes/CRF(BRATT)$180, CF-19 Winni Trail/BRATT Phase 2 900,000 NH DOT/FHWA $720, , Taxes/CRF(BRATT)$160, CF-20 Winni Trail/BRATT Phase 3 800,000 NH DOT/FHWA $640, ,000 COMMUNITY FACILITIES TOTAL , ,000 CONSERVATION COMMISSION CC-2 Belmont Village Rail Spur Trail/ Tioga River Trail Phase 1 Taxes/CRF $50, ,000 NHF&G/LWCF $50,000 TBD , CC-3 Belmont Village Rail Spur Trail/ Tioga River Trail Phase 2 Taxes/CRF $75, ,000 NHF&G/LWCF $75,000 TBD(Same) ,000 0 CONSERVATION COMMISSION TOTAL , ,000 0 CONSERVATION FUND CC Conservation Fund Conservation Fund (g) 97, CONSERVATION FUND TOTAL 97, ECONOMIC DEVELOPMENT ED-1 Econmic Development 50,000 $50k-UFB;$20K-LU-Taxes , ECONOMIC DEVELOPMENT TOTAL 57, FIRE/EMERGENCY MEDICAL SERVICES FEMS Ambulance Special Revenue Fund ASR Fund (h) 418, FEMS-1 Replace ladder truck 300,000 Ambulance Special Rev Fund (100%) ASR Fund , FEMS-7 Replace 3 Engine 2 Unit ASR Fund (100%) 10yr Lease/Pur ASR Fund 63,507 63,507 63,507 63,507 63,507 63,507 FEMS-10 Replace 3 Tanker 1 Unit ,000 Ambulance Special Rev Fund (100%) ASR Fund ,000 FEMS-12 Replace 3 Car 1 (fka 1,2) 2006 Unit ,000 Ambulance Special Rev Fund (100%) ASR Fund 40, FEMS-14 Replace 3 Engine 3 Unit ,000 Ambulance Special Rev Fund (100%) ASR Fund ,000 0 FEMS-15 Replace 3 Ambulance 2 (fka 3) 165,000 Ambulance Special Rev Fund (100%) ASR Fund , FIRE/EMERGENCY MEDICAL SERVICES TOTAL 418, ,507 63, , , , ,507 PERSONNEL ADMINISTRATION PA-1 Accrued Benefits Liability Exp Trust 100,000 Unexpended Fund Balance ,019 30,000 30,000 30,000 30,000 30,000 30,000 PERSONNEL ADMINISTRATION TOTAL 72,019 30,000 30,000 30,000 30,000 30,000 30,000 PUBLIC WORKS DEPARTMENT PWD-14 Annual Road Imp/Drain-HW Block Fund 150,000 Highway Block Grant Funds , , , , , ,652 PUBLIC WORKS DEPARTMENT TOTAL 0 186, , , , , ,652 SEWER DEPARTMENT SW-3 Silver Lake Sewer Line Project 30yr Bond/Sewer User Fees 0 31,533 32,083 32,128 32,488 32,488 32,128 SW-4 Pump Station Maintenance/Upgrade 1,586,539 20yr Bond/Sewer User Fees , , , , , ,833 SW-5 WRBP Capital Recovery Costs 983,527 15yr Bond/Sewer User Fees TBD 0 63,017 61,496 59,025 57,549 60,319 53,850 SW-6 Sewer System Repair & Maintenance CR Sewer User Fees/CR Fund , SW-7 Sewer Pump Station Upgrades, Replacement & Repairs CR Sewer User Fees 137,245 10,000 10,000 10,000 10,000 10,000 10,000 SEWER DEPARTMENT TOTAL 199, , , , , , ,811 WATER DEPARTMENT WW-2 Rte 3 Reconstruction State Reimb $57K; 10 yr Bond 425,600 $337,000 (User Fees) ,347 30, WW-4 Service/Equipment Maintenance & Upgrades 10,000 Taxes-$10K;User Fees-$10K & ,322 20,000 20,000 20,000 20,000 20,000 20,000 WW-6 Well #3, 10 yr bond 180,000 Water User Fees 10 yr bond ,079 21, Water User Fees-$220,000 WW-8 Village Water Lines 422,377 CDBG-$202,377 10,026 10,088 10,152 10,217 10,286 10,363 Proposed 2016 Proposed 2017 Proposed 2018 Proposed 2019 Proposed 2020 Proposed Approved xls Printed: 11/2/2015, 8:00 AM 3 Approved Plan 10/26/15

49 Town of Belmont Capital Improvements Program All Proposed Projects Funded by User Fees, Grants, Unexpended Fund Balance, Reimbursements, Etc. BUDGET & CAP AGENT NUMBERS 12/31/2014 ACCT BALANCE CIP ID # PROJECT ESTIMATED COST WITHOUT DEBT ($) FUNDING SOURCE(S) Proposed 2016 Proposed 2017 Proposed 2018 Proposed 2019 Proposed 2020 Proposed 2021 WW-9 Water Meter Replacement Project 375,000 Water User Fees 10 yr bond TBD 34,931 34,931 34,931 34,931 34,931 34,931 Water Department Total 80, , ,924 65,083 65,148 65,217 65,294 TOTAL ESTIMATED CAPITAL IMPROVEMENTS PROGRAM BUDGET (NO DIRECT IMPACT ON THE TAX RATE) 925, ,661 1,359, , ,602 1,205,337 1,606,264 (h) Refers to COMSTAR Fund and can be applied to all FEMS equipment (g) Refers to Conservation Fund and can be applied to all Fund Purchases (i) See Heritage Fund Recommendations are subject to adjustment on an annual basis and do not include capital projects/items of less than $25,000 or unanticipated projects CDBG - Community Development Block Grant ETF - Expendable Trust Fund CF - Conservation Fund LU - Land Use COMSTAR - Ambulance Fund TE - Transportation Enhancement Funds CRF - Capital Reserve Fund UFB - Unexpended Fund Balance Approved xls Printed: 11/2/2015, 8:00 AM 4 Approved Plan 10/26/15

50 CIP ID # PROJECT Town of Belmont Capital Improvements Program All Projects BUDGET YEAR ADDED BUDGET YEAR AMENDED \\BELTHPDC\Users\Candy\BPB\CIP\ Approved xls Plan Print: 11/2/2015 8:00 AM Master Plan Cite* ANNUAL (A), PROJECT (P), OR BOND (B) COST ESTIMATED COST Budget Number ASSESSING DEPARTMENT -- AD-1 Property Revaluation (25% properties annually) CF-1 A 40, / AD-2 Statistical Update (5th Year) CF-1 P CEMETERY -- C-1 Lamprey Restoration (CLOSED) CP-9 P 20, / C-2 Cemetery Maintenance CP-9 A TBD / C-3 Headstone Repairs 2008 CP-9 P 10,000 TBD CODE ENFORCEMENT OFFICE -- CEO-1 Code Enforcement Vehicle 2009 CF-2/Other P 30,000 TBD COMMUNITY FACILITIES -- CF-1 Belmont Beach Construction 2004 Existing B Current Bond (Fixed) CF-2 Belmont Mill Renovations 2004 Existing B Current Bond (Fixed) CF-3 Construct Community Center CF-2 R-1 B 1,000,000 TBD CF-4 Relocate Town Beach 2004 Other B 150,000 TBD CF-5 Municipal Facilities CF-2/Other B 50, / CF-6 Province Road Meeting House (CLOSED 2013) 2005 CP-9 P 14, CF-7 BRATT Rails to Trail Phase 1 (Winni Trail) R-3 P 437, CF-8 BRATT Rails to Trail Phase 2 (Winni Trail) $ transferred to "all Phases) Phase R-3 P 0 TBD CF-9 Park & Ride Pavement 2005 CF-2, T-3 P 20, CF-10 ADA Compliance Other P 150, CF-11 Sgt Park Play Station R-1 P 50,000 TBD CF-12 Safety Compliance 2005 Other A 15, CF-13 Municipal Facilities Upgrade 2006 Other P TBD / CF-14 Village Revitalization-Historic Bandstand CP-9 P 35, CF-15 Village Revitalization 2012 CF-2,R-1. P 12,275,000 TBD CF-16 Mill Lighting Upgrade (2) 2013 CF-2, Other P 10,245 TBD CF-17 Replace Town Hall Telephone System 2014 Other P 35,000 TBD CF-18 Replace Town fuel dispensing system 2015 CF-2, Other P 15,000 TBD CF-19 BRATT Rails to Trail Phase 2 (Winni Trail) 2016 R-3 P 900,000 TBD CF-20 BRATT Rails to Trail Phase 3 (Winni Trail) 2016 R-3 P 800,000 TBD CONSERVATION COMMISSION -- CC-1 Town Forest/Open Space CP-3,5 A 25, CC-2 Belmont Village Spur Trail Bridge #1/Tioga River Trail CF-1,2;CP-2;R-1,3 P 100,000 TBD CC-3 Belmont Village Spur Trail Bridge #2/Tioga River Trail 2016 CF-1,2;CP-2;R-1,3 P 150,000 TBD ECONOMIC DEVELOPMENT -- ED-1 Economic Development LU-1,LU-6 A 50, ENVIRONMENTAL CONTINGENCY -- ENV-1 Environmental Contingency Fund Other A 10, FIRE/EMERGENCY MEDICAL SERVICES -- FEMS-1A Ladder truck Unit CF-2 P 300,000 COMSTAR FEMS-2 Replace 3 Engine CF-2/Other P 0 COMSTAR FEMS-3 Province Rd fire station (3,200sqft) CF-2 B ,000 COMSTAR FEMS-4 Replace 3 Ambulance CF-2/Other P 0 COMSTAR FEMS-5 Purchase 3 Car 2 Unit CF-2/Other P 0 COMSTAR FEMS-6 Replace 3 Engine 1 Unit CF-2/Other P 450,000 COMSTAR/ FEMS-7 Replace 3 Engine 2 Unit CF-2/Other P 635,071 COMSTAR FEMS-8 Replace 3 Rescue CF-2/Other P 0 COMSTAR FEMS-9 Replace 3 Ambulance 1 Unit CF-2/Other P 180,000 COMSTAR FEMS-10 Replace 3 Tanker 1 Unit CF-2/Other P 400,000 COMSTAR FEMS-11 Replace 3 Car 2 (fka 1,2) Unit CF-2/Other P 40,000 COMSTAR FEMS-12 Replace 3 Car 1 (fka 1,2) Unit CF-2/Other P 40,000 COMSTAR FEMS-13 Replace 3 Utility 1 Unit CF-2/Other P 40,000 COMSTAR/ FEMS-14 Replace 3 Engine 3 Unit CF-2/Other P 500,000 COMSTAR FEMS-15 Replace 3 Ambulance 3 Unit CF-2/Other P 250,000 COMSTAR FEMS-16 Replace 3 Boat 3 Unit CF-2/Other P 0 COMSTAR FEMS-17 Re-roof Central Fire Station 2008 CF-1 P 32, FEMS-18 Daniel Webster Highway fire station (4,000sqft) Planning/Feasibility 2011 CF-2 P 70,000 TBD FEMS-19 Replace Ladder Truck CF-2/Other P 1,500,000 Taxes/CRF FEMS-20 Dry Hydrant & Cistern Repairs & Maint CF-1,CF-2, A 2, FEMS-21 Replace 3 Boat 3 Unit CF-2/Other P 25,000 COMSTAR FEMS-22 Stryker Power Cots CF-2/Other P 0 COMSTAR FEMS-23 Mobile/Portable Radio Replacement 2016 CF-2/Other P 200,000 TBD HERITAGE RESOURCES -- HR-1 Heritage Resources 2007 CF-2,Other A/P 150, / HOMELAND SECURITY -- HS-1 Homeland Security (CLOSED) 2002 A/P 20,000 INFORMATION TECHNOLOGY -- IT-1 Upgrade and maintenance CF-2,Other A/P / LIBRARY -- L-1 Building Expansion CF-2 B 962, L-2 Miscellaneous Building Improvements 2005 Other P 12, L-3 Architectural Plans 2005 CF-2 P 30,

51 CIP ID # PROJECT Town of Belmont Capital Improvements Program All Projects BUDGET YEAR ADDED BUDGET YEAR AMENDED Master Plan Cite* ANNUAL (A), PROJECT (P), OR BOND (B) COST ESTIMATED COST Budget Number PERSONNEL ADMINISTRATION -- PA-1 Accrued Benefits Liability Exp Trust CF-1 A 30, / POLICE DEPARTMENT -- PD-1 New Facility-Feasibility Study 2004 CF-2 P 30,000 TBD PD-2 Cruiser Replacement Schedule Other A 70, / PD-3 4WD Vehicle Other P 35, / PD-4 New Facility-RE Acquisition 2004 CF-2 B TBD TBD PD-5 New Facility-Arch/Eng/Const/Furnish 2004 CF-2 B 1,470,000 TBD PD-6A-6D Station Equipment, Flooring, HVAC, Security 2008 CF-1 P 55, PD-7 Dispatch Radio Upgrade 2014 CF-1 P 45,000 TBD PD-8 Cruiser Radio Repeaters 2014 CF-1 P 15,000 TBD PUBLIC WORKS DEPARTMENT -- PWD-1 10-wheel dump - sand/plow CF-2, T-1 P 150, PWD-2 4WD Utility Pickup CF-2, T-1 P 30, PWD-3 Rubber tire excavator or backhoe CF-2, T-1 P 140, PWD-4 Dump Truck replacement - sand/plow Other, T-1 P 150, PWD-5 Roscoe Roller Vibratory Other, T-1 P 25, PWD-6 Ford F ton Dump truck Other, T-1 P 60, PWD-7 Ford F-250 Pickup Other, T-1 P 35, PWD-8 Dump Truck replacement - sand/plow Other, T-1 P 150, PWD-9 Construction of PW Garage 2004 Existing B Current Bond (Fixed) PWD-10 Addition to PW Garage CF-2, T-1 P 250,000 TBD PWD-11A Concord Street Sidewalks CF-2, T-3 P / PWD-11B Church Hill Sidewalks CF-2, T-3 P 75, / PWD-11C Other Sidewalks to Complement NH CF-2, T-3 A (g) / PWD-12 Annual Road Imp-Additional CF-2,Other,T-1 A (a) PWD-13 Road Reconstruction/Maintenance CF-2,Other,T-1 B 20,538, / PWD-14 Annual Road Imp/Drain-HW Block Fund Other, T-1 P 150, PWD-15 Road Inventory CF-2,Other,T-1 P 100, PWD-16 Drainage Improvements CF-2,Other,T-1 A 25, / PWD-17 Bridge Repair Fund CF-2,Other,T-1 A 375, PWD-18 Radios 2005 CF-2,Other,T-1 P 45, / PWD-19 Emergency Power Supply (CLOSED) 2005 CF-2,Other P 50, / PWD-20 Dump Truck replacement - sand/plow Other, T-1 P 150, PWD-21 Ford F-550 Dump Other, T-1 P 70, PWD-22 Champion Grader Other, T-1 P 200, PWD-23 Caterpillar IT-28 Loader Other, T-1 P 140, PWD-24 Bobcat Other, T-1 P 80, PWD-25 PWD Heavy Equipment CRF Other, T-1 A TBD / PWD-26 Chev 2500HD Pickup-Water Tech Other, T-1 P TBD PWD-27 Chev 2500HD Pickup-PWDirector Other, T-1 P 35, PWD-28 Int'l Dump Truck Other, T-1 P 116,186 PWD-29 CV-50 Screening Plant Other, T-1 P 50,000 PWD-30 Sidewalk Plow 2013 Other, T-1 P 65,000 TBD PWD-31 One Dump Truck Body Replacement 2015 Other, T-1 P 25,000 TBD PWD-32 One Dump Truck Body Replacement 2015 Other, T-1 P 25,000 TBD SEWER DEPARTMENT -- SW-1 Ext. Feasibility 2004 CF-2 P 25,000 TBD SW-2 Ext. Construction 2004 CF-2, U-SU-1 P TBD SW-3 Silver Lake Sewer Line Project Bond 2008 U-SU-1 B TBD SW-4 Pump Station Maintenance & Upgrade CF-2,U-SU-1 A 700, & SW-5 WRBP Capital Recovery Costs 2012 CF-1&2, LU-3 B 983,527 TBD SW-6 Service/Equipment Maintenance & Upgrade CF-2 A 20, TOWN CLERK -- TC-1 Document Restoration 2012 CF-1,2 A TBD WATER DEPARTMENT -- WW-1 Ext. Feasibility 2004 CF-2 P 25,000 TBD WW-2 Rte 3 Reconstruction CF-2,U-WU-2&3 P 425, WW-3 Rte 3 Phase 1 Extension 2006 CF-2,U-WU-2&3 P 583,000 TBD WW-4 Service/Equipment Maintenance & Upgrade CF-2,U-WU-2&3 A 10, / WW-5 Town Rd/Water/Sewer-Perkins/Pleasant Valley CF-2,T-1,U-WU-2&3 B 1,000, / / WW-6 Well # CF-2,U-WU-2&3 P 125, WW-7 Rte 140/106 Line Relocation 2009 CF-2,U-WU-2&3 P 131, WW-8 Village Water Lines 2012 CF-2,U-WU-2 P 422,377 TBD WW-9 Water Meter Replacement Project 2015 CF-2,U-WU-2&3 P 375,000 TBD WW-10 Wareing Road Well 2016 CF-2,U-WU-2&3 P TBD TBD *Master Plan Cites refer to Goals as numbered in individual Master Plan Chapters: CF-Community Facilities, CP-Conservation & Preservation, LU-Land Use R-Recreation, T-Transportation, Existing-Existing Bond; Other-Replacement, Maintenance, Regulatory, etc. \\BELTHPDC\Users\Candy\BPB\CIP\ Approved xls Plan Print: 11/2/2015 8:00 AM

52 Town of Belmont Capital Improvements Program All Previously Funded Projects That Impact The Tax Rate CIP ID # PROJECT FUNDED IN 2015 Tax Dollars FUNDED IN 2014 Tax Dollars FUNDED IN 2013 Tax Dollars FUNDED IN 2012 Tax Dollars FUNDED IN 2011 Tax Dollars FUNDED IN 2010 Tax Dollars FUNDED IN 2009 Tax Dollars FUNDED IN 2008 Tax Dollars FUNDED IN 2007 Tax Dollars FUNDED IN 2006 Tax Dollars FUNDED IN 2005 Tax Dollars ASSESSING DEPARTMENT AD-1 Property Revaluation (25% properties annually) 10,000 75,000 50,000 75,000 25,000 83,850 25,000 25,000 AD-2 Statistical Update (5th Year) 52,600 Assessing Department Total 0 10,000 75,000 50,000 75, ,000 83,850 77,600 25,000 CEMETERY C-1 Lamprey Restoration 2,000 5,000 5,000 15,000 C-2 Cemetery Maintenance 3,000 3,000 2,000 2,000 7,000 2,000 2,000 2,000 Cemetery Total 3,000 3,000 2, ,000 2, ,000 7,000 7,000 17,000 COMMUNITY FACILITIES CF-1 Belmont Beach Construction 16,853 17,706 18,558 19,411 20,264 CF-2 Belmont Mill Renovations 22,624 23,749 24,873 25,998 CF-5 Municipal Facilities 365,000 75,000 70,000 50, , ,000 CF-6 Province Road Meeting House 14,745 CF-7 BRATT Rails to Trail Phase 1 87,460 10,000 CF-8A BRATT Rails to Trail Phase 2-61,830 20,000 20,000 20,000 10,000 CF-9 Park & Ride Pavement 20,000 CF-10 ADA Compliance 20,000 CF-12 Safety Compliance 15,000 CF-13 Municipal Facilities Design 30,000 CF-14 Village Revitalization-Bandstand 20,000 CF-17 Replace Town Hall Telephone System 35,000 CF-18 Replace Town Fuel Dispensing System 11,500 Community Facilities Total 11, ,000 75, , , , , , ,007 CONSERVATION COMMISSION Conservation Commission Total ENVIRONMENTAL ENV-1 Annual Contingency Fund 10,000 10,000 10,000 15,000 7,500 10,000 10,000 20,000 20,000 30,000 30,000 Environmental Total 10,000 10,000 10,000 15,000 7,500 10,000 10,000 20,000 20,000 30,000 30,000 FIRE/EMERGENCY MEDICAL SERVICES FEMS-17 Re-roof Central Fire Station 50, FEMS-20 Dry Hydrant & Cistern Rep/Maint 2,500 2,500 2,500 2,500 2,500 Fire/Emergency Medical Services Total 2,500 2,500 2,500 2,500 2, , HERITAGE RESOURCES HR-1 Heritage Resources 5,000 7,500 5,000 5,000 4,500 4,500 4,500 5, Heritage Resources Total 5,000 7,500 5,000 5, ,500 4,500 4,500 5, INFORMATION TECHNOLOGY IT-1 Upgrade and maintenance 58,500 58,000 58,000 58,000 Information Technology Total ,500 58,000 58,000 58,000 LIBRARY L-1 Building Expansion 0 20,000 25,000 25,000 25,000 25,000 25,000 25,000 L-2 Miscellaneous Building Improvements 12,975 L-3 Architectural Plans 30,000 Library Total ,000 25,000 25,000 25,000 25,000 25,000 25,000 42,975 PERSONNEL ADMINISTRATION PA-1 Accrued Benefits Liability Exp Trust , Personnel Administration Total , POLICE DEPARTMENT PD-2 Cruiser Replacement Schedule 70,000 70,000 60,000 60,000 60,000 60,000 PD-3 4WD Vehicle 5,000 5,000 5,000 5,000 5,000 5,000 PD-6A-6D Station Equip,Flooring,HVAC&Security 28, PD-7 Dispatch Radio Upgrade 45,000 PD-8 Cruiser Radio Repeaters 14,500 Police Department Total 0 59, ,000 75, ,000 65,000 65,000 65,000 PUBLIC WORKS DEPARTMENT PWD-3 Rubber tire excavator or backhoe 130,000 40,000 PWD-9 Construction of PW Garage 15,800 16,599 17,399 18,198 18,998 PWD-10 Addition to PW Garage PWD-11A Concord Street Sidewalks 30,000 10,000 PWD-11B Church Hill Sidewalks 75, ,000 20,000 10,000 PWD-11C Other Sidewalks to Complement NH ,000 20,000 20, ,000 10,000 10,000 PWD-12 Annual Road Imp-Additional , , ,000 PWD-13 Road Reconstruction & Maint. 750, , , , , , , , ,300 0 PWD-15 Road Inventory 15,000 25,000 25,000 25,000 PWD-16 Drainage Improvements 25,000 25,000 20,000 25,000 25,000 25,000 25,000 30,000 30,000 15,000 PWD-17 Bridge Repair Fund 40,000 25,000 25,000 25,000 25,000 25,000 PWD-18 Radios 30,000 15,000 PWD-19 Emergency Power Supply 25,000 25,000 PWD-25 PWD Heavy Equipment CRF 30,000 20,000 40,000 60,000 30,000 15,000 40,000 40,000 60,000 PWD-28 Int'l Dump Truck 25,961 Public Works Department Total 790, , , , , , , , , , ,998 SEWER DEPARTMENT Sewer Department Total TOWN CLERK TC-1 Document Restoration 2,000 2,000 2,000 2,000 2,000 2, ,000 2,000 Town Clerk Total 0 0 2,000 2,000 2,000 2,000 2,000 2, ,000 2,000 WATER DEPARTMENT WW-4 Service/Equipment Maintenance & Upgrades 10,000 WW-5 Town Rds/Water/Sewer-Perkins/Pleasant Vlly 100, , , , , WW-7 Rte 140/106 Line Relocation 131,000 Water Department Total 100, , , , , ,000 10, TOTAL 922,852 1,423, , ,352 1,169, , ,783 1,279, , , , Approved xls 7 Print Date: 11/2/2015 8:00 AM

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68