HomeMy Public PortalAboutFiscal Year 2014 Budget Hearing Schedule To: The Citizens of the Town of Watertown:
In accordance with the Watertown Town Charter and the Council Rules, the Honorable
Town Council will meet, as the Committee of the Whole, for the purpose of holding
public hearings on the Town Manager's Proposed Budget for the Fiscal Year 2014. Each
of these hearings will be held in the Richard E. Mastrangelo Council Chamber at the time
indicated.
The schedule is as follows:
Tuesday, May 14, 2013 - (Approximately 8PM)
(This budget hearing will follow the regularly scheduled Town Council Meeting)
Budget Overview—The Town Manager
Veterans
Health
Community Development& Planning
Saturday, May 18, 2013 —9 AM
Library
Council on Aging
Recreation
Purchasing
Town Hall Maintenance
Town Clerk
Elections
Personnel
Information Technology
Town Manager
Town Auditor
Town Council
General Government Budgets/Miscellaneous
Tuesday, May 21, 2013 —6 PM
Retirement Benefits
Fire Department
Emergency Management
Treasurer/Collector
Parking Lots & Meters
Capital Improvement Program
Tuesday, May 28, 2013 —(Approximately 8PM)
(This budget hearing will follow the regularly scheduled Town Council Meeting)
Town Attorney
Water/Sewer Enterprise Budgets
Department of Public Works
Tuesday, June 4, 2013 —6 PM
Assessors
John A. Ryan Municipal Skating Rink
School Department
Police Department
On Tuesday, June 11, 2013, the Watertown Town Council will hold a public hearing
and vote on the proposed Fiscal Town Budget. The hearing will begin at 7:15pm, in the
Richard E. Mastrangelo Council Chamber,Administration Building.
The Fiscal Year 2014 General Fund Budget, as proposed, totals $107,057,500.
Additionally, the Fiscal Year 2014 Water and Sewer Enterprise Budgets, as proposed, totals
$ 15,002,185.
The annual Town Budget is the single most important policy decision made each
year by the Town Council. All citizens of the Town are invited and encouraged to attend
these meetings and to express the opinions of this budget and the priorities it establishes. A
copy of the proposed budget is available for examination at the Town Clerk's Office and
available on the Town's web site; www.watertown-ma.aov.
Below,please find the Fiscal Year 2014 General Fund Budget and estimated sources
of revenue as proposed and submitted by the Town Manager.
Sincerely,
Mark S. Sideris
Town Council President
Thomas J. Tracy
Town Auditor
TOWN OF WATERTOWN FY 2014
FY 2014 REVENUE BUDGET & COMPARISON PROPOSED
BUDGET
REAL & PERSONAL PROPERTY TAXES $80,550,741
STATE AID $10,474,554
LOCAL RECEIPTS:
MOTOR VEHICLE EXCISE $3,250,000
OTHER EXCISE $540,000
PENALTIES & INTEREST $195,000
PILOT $2,175,960
COMMERCIAL TRASH $15,000
FEES $1,831,000
RENTALS $156,676
DEPARTMENTAL REVENUE - CEMETARY $75,000
DEPARTMENTAL REVENUE - RECREATION $390,000
LICENSES & PERMITS $205,000
FINES & FORFEITS $885,000
INVESTMENT INCOME $65,000
SALE OF PROPERTY $5,000
BELMONT REIMBURSEMENT $67,473
GRANT/EMPLOYEE REIMBURSEMENTS $40,000
ADVERTISING BUS SHELTERS $10,000
MEDICAID REIMBURSEMENTS $365,000
TOTAL LOCAL RECEIPTS $10,271,109
OTHER FINANCING SOURCES:
TRANSFER FROM SALE OF LOTS FUND $15,000
TRANSFER FROM PARKING METER FUND $350,000
TRANSFER FROM CEMETARY PERPETUAL CARE
FUND $10,000
TRANSFER FROM CAPITAL PROJECT STABILIZATION
FD $500,000
TRANSFER FROM UNFUNDED PENSION STAB. FUND $250,000
TRANSFER FROM ESCO CAPITAL PROJ. STAB. FD. $473,215
UTILIZATION OF FREE CASH $1,500,000
TRANSFER FROM WATER FUND $1,430,435
TRANSFER FROM SEWER FUND $1,232,446
TOTAL OTHER FINANCING
SOURCES $5,761,096
TOTALS $107,057,500
TOWN OF WATERTOWN FY 2014
FY 2014 EXPENDITURE BUDGET & COMPARISON PROPOSED
BUDGET
GENERAL GOVERNMENT
TOWN COUNCIL $115,654
TOWN MANAGER $309,193
TOWN AUDITOR $401,104
PURCHASING $277,254
TOWN ASSESSOR $326,055
TREASURER/COLLECTOR $347,250
TOWN ATTORNEY $210,000
PERSONNEL $172,537
INFORMATION TECHNOLOGY $623,059
TOWN CLERK $200,195
ELECTIONS $100,921
COMM. DEV. & PLANNING $786,828
TOWN HALL MAINTENANCE $288,437
PARKING LOTS & METERS $289,498
TOTAL GENERAL GOVERNMENT $4,447,985
STATE & COUNTY CHARGES $2,253,507
RETIREMENT BENEFITS $10,683,126
INSURANCE & EMPLOY. BENEFITS $13,881,480
DEBT RETIREMENT $7,010,989
CAPITAL PROJECTS $1,406,146
PUBLIC SAFETY
POLICE $7,737,663
FIRE $7,824,325
EMERGENCY MANAGEMENT $30,426
TOTAL PUBLIC SAFETY $15,592,414
PUBLIC WORKS $4,664,807
SNOW AND ICE REMOVAL $1,155,000
WASTE DISPOSAL $2,959,500
HEALTH & HUMAN SERVICES
HEALTH $535,805
COUNCIL ON AGING $249,420
VETERANS $212,664
TOTAL HEALTH & HUMAN SERVICES $997,889
LIBRARY $2,375,934
RECREATION
RECREATION DEPT. $255,189
JOHN A. RYAN SKATING ARENA $355,334
TOTAL RECREATION $610,523
EDUCATION $36,675,000
TOTAL EXPENDITURES $104,714,300
OTHER FINANCING USES
MISCELLANEOUS $127,300
TOWN COUNCIL RESERVE $1,935,000
TRANSFERS TO ENTERPRISE $280,900
TOTAL OTHER FINANCING USES $2,343,200
TOTAL EXPENDITURES & OTHER FINANCING USES $107,057,500