HomeMy Public PortalAboutFiscal Year 2015 Proposed Budget AmendmentMichael J. Driscoll
Town Manager
TOWN OF
WATERTOWN
Office of the Town Manager
Administration Building
149 Main Street
Watertown, MA 02472
Phone: 617-972-6465
Fax: 617-972-6404
www.watertown-ma,gov
towningroa watertown-ma.gov
To: Honorable Town Council
From: Michael J. Driscoll, Town Manager
Date: October 23, 2014
RE: Proposed Amendment to the Fiscal Year 2015 Budget
Enclosed please find, for your review and consideration a Proposed Amendment to the Fiscal Year
2015 Budget. The Proposed Amendment is related to the following:
• New Growth number updated from the adoption of the Fiscal Year 2015 Budget.
• Receipt of actual Fiscal Year 2015 Cherry Sheet Estimated Receipts and Charges
(Attachment 1).
I respectfully request the attached Amendment be placed on the October 28, 2014 Town Council
Agenda as a First Reading amending the Fiscal Year 2015 Budget.
Given this Amendment, the Fiscal Year 2015 Revenues and Expenditures will be each increased by
$109,722. Therefore, the revised Fiscal Year 2015 Revenues and Expenditures are $113,459,722.
cc: Honorable School Committee
Honorable Library Board of Trustees
Department Heads
INCREASE
REVENUE (DECREASE) TO READ
REAL. ESTATE AND PROPERTY TAXES $ 116,874 $ . 85,765,298
STATE AID $ (6,152) $ 11,435,127
TOTAL REVENUE ADJUSTMENT $ 109,722
INCREASE
EXPENDITURES (DECREASE) TO READ
STATE ASSESSMENT - SPECIAL EDUCATION $ 402 $ 13,748
0182066-560631
STATE ASSESSMENT - CHARTER SCHOOL
0182066-560630
STATE ASSESSMENT - SCHOOL CHOICE
0182056-560629
STATE ASSESSMENT - METRO AREA PLANNING COUNCIL
0182056-660641
TOWN COUNCIL RESERVE
0111152-570780
$ 2,081
$
195,199
$ 13,400
$
13,400
$ 5,783
$
16,432
$ 88,066 $ 2,083,017
$ 109,722
C.S. 1-EC Commonwealth of Massachusetts Department of Revenue FY2015
NOTICE TO ASSESSORS OF ESTIMATED CHARGES
General Laws, Chapter 59, Section 21
Watertown
I'1[619111►1111'/-IR-1. *14IT, 1:4►11&13
County Tax
0
Suffolk County Retirement
0
Essex County Reg Comm Center
0
Sub -Total, County Assessments:
0
B. STATE ASSESSMENTS AND CHARGES:
Retired Employees Health Insurance
0
Retired Teachers Health Insurance
0
Mosquito Control Projects
0
Air Pollution
t 10,906
Metropolitan Area Planning Council
16,432
Old Colony Planning Council
0
RMV Non -Renewal Surcharge
86,980
Sub -Total, State Assessments:
114,318
C. TRANSPORTATION AUTHORITIES,
MBTA
2,098,074
Boston Metro. Transit District
607
Regional Transit
0
Sub -Total, Transportation Assessments:
2,098,681
D. ANNUAL CHARGES AGAINST RECEIPTS:
ef-
Special Education
f
13,748
STRAP Repayments
0
Sub -Total, Annual Charges Against Receipts:
13,748
E. TUITION ASSESSMENTS:
4.4, ��fe
School Choice Sending Tuition
L11>
13,400
Charter School Sending Tuition
193,11e
195,199
Essex County Tech Sending Tuition
0
Sub -Total, Tuition Assessments:
208,699
F. TOTAL ESTIMATED CHARGES:
2,435,346
C.S. 1-ER Commonwealth of Massachusetts Department of Revenue FY2015 .
NOTICE TO ASSESSORS OF ESTIMATED RECEIPTS
General Laws, Chapter 58, Section 25A
Watertown
A. EDUCATION:
Distributions and Reimbursements:
Chapter 70
School Transportation
Charter Tuition Reimbursement
Smart Growth
Offset Items -- Reserve for Direct Expenditure:
School Lunch
School Choice Receiving Tuition
Sub -Total, All Education Items:
B. GENERAL GOVERNMENT:
Distributions and Reimbursements:
Unrestricted General Government Aid
Local Share of Racing Taxes
Regional Public Libraries
Urban Revitalization
Veterans Benefits
Exemp: VBS 'and Elderly
State Owned Land
Offset Item - Reserve for Direct Expenditure:
Public Libraries
Sub -Total, All General Government:
C. TOTAL ESTIMATED RECEIPTS:
4,334,781
0
29,115
0
9,109
0
4,373,005
5,935,404
0
0
0
113,306
109,313
0
58,062 Or
6,216,085
10,689,090