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HomeMy Public PortalAboutFY2019 General Fund Financial Forecast as of 01312018xlsxFY2019 PROJECTION 1 30,648,080$ 2 766,202$ 3 150,000$ 4 Proposition 2 1/2 Operating Override -$ 5 1,352,165$ 6 650,000$ 7 160,727$ 33,727,174$ Projected Excess 33,727,174$ FY2019 PROJECTION 1 1,844,817$ 2 1,522,945$ b. Other Excise Tax 1,360,808$ 160,210$ 6,875$ 536,454$ f. Fees 115,770$ g. Rentals 66,856$ h. Departmental Revenue 130,949$ i. License & Permits 779,375$ j. Special Assessments -$ k. Fines & Forfeits 27,326$ l. Investment Income 47,268$ m. Medicaid Reimbursement 70,110$ -$ o. Miscellaneous Non-Recurring -$ 3 -$ 4 -$ 6,669,762$ FY2019 PROJECTION MLBC State Grant Reimbursement (BLLibrary) C. Other Available Funds (One Time Source / Not Guaranteed Each Year): Estimated Receipts Sub-total Property Tax Levy Sub-total B. Estimated Local Receipt Categories: State Local Aid Town Local Receipts MSBA State Grant Reimbursement (Eddy School Capital) a. Motor Vehicle Excise c. Penalties & Interest on Taxes and Excise d. Payments in Lieu of Taxes e. Charges for Services (Transfer Station) n. Miscellaneous Recurring TOWN OF BREWSTER FINANCIAL FORECAST GENERAL FUND FISCAL YEAR 2019 (January 31, 2018) 1. ESTIMATED REVENUES RESOURCES A. Property Tax: Projected Excess Capacity Future Debt Exclusion Prior Year Levy Limit Proposition 2 1/2 Increase New Growth (Estimate for Future Years) Debt Exclusion County Maintenance of Effort - Raised in Levy Maximum Allowable Tax Levy 1/31/2018 Page 1 of 4 TOWN OF BREWSTER FINANCIAL FORECAST GENERAL FUND FISCAL YEAR 2019 (January 31, 2018) 1 -$ 2 Overlay Surplus -$ 3 Repurpose old articles (completed and/or closed)-$ 4 Borrowing -$ -$ 40,396,937$ Other Available Funds Sub-total 1. GRAND TOTAL ESTIMATED REVENUES Free Cash 1/31/2018 Page 2 of 4 TOWN OF BREWSTER FINANCIAL FORECAST GENERAL FUND FISCAL YEAR 2019 (January 31, 2018) 2. ESTIMATED EXPENDITURES FY2019 PROJECTION 1 11,731,858$ 2 Elementary School Operating Budget Inc. Fringe Benefits & Ret.9,841,516$ 3 a.Town Fringe Benefits 2,102,386$ b.Town Retirement / Pension Expense (FY18 Forward)1,694,546$ c.General Insurance 554,738$ 4 10,201,986$ 5 Cape Cod Technical School Assessment 845,458$ 6 218,550$ 37,191,038$ FY2019 PROJECTION 1 1,186,412$ 2 220,763$ 3 122,259$ 4 Cape Cod Technical School Assessment -$ 5 Issuance Costs 30,000$ 6 Short Term Debt Principal & Interest 50,000$ 7 Future Town Principal & Interest (Authorized / Unissued)746,500$ 8 Future Schools Principal & Interest (Authorized / Unissued)-$ 9 -$ 2,355,934$ A. Operating Budgets - Town & Schools: Town Salaries & Expense Nauset Regional School Assessment Assessments (Previously Shown in Town Expense) Insurance Betterments Sub-total Debt Obligations Sub-total Operating Budgets B. Debt Budgets - Town & Schools: Nauset Regional School Debt Assessment Town Principal & Interest Elementray School Principal & Interest 1/31/2018 Page 3 of 4 TOWN OF BREWSTER FINANCIAL FORECAST GENERAL FUND FISCAL YEAR 2019 (January 31, 2018) FY2019 PROJECTION 1 -$ 2 Skipping Program 4,500$ 3 45,000$ 49,500$ FY2019 PROJECTION 1 653,748$ 2 -$ 3 Overlay Reserve for Abatements 146,717$ 4 Prior Year Overlay & Other Deficits -$ 5 Prior Year Snow & Ice Deficit Raised on Recap -$ 800,465$ 40,396,937$ (0)$ Stabilization Fund Sub-total ATM Warrant Articles D. Other Special Charges & Assessments State Local Aid Charges & Offsets County Assessments (Other Than Retirement) Sub-total Charges & Assessments 2. GRAND TOTAL ESTIMATED EXPENDITURES 3. PROJECTED SURPLUS OR (DEFICIT*) C. Warrant Articles for Annual / Special Town Meeting Unpaid Bills 1/31/2018 Page 4 of 4