HomeMy Public PortalAboutGeneral Fund Financial Forecast as of 02062018 (2)FY2019
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$
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
TOWN OF BREWSTER
FINANCIAL FORECAST
GENERAL FUND
FISCAL YEAR 2019 (February 6, 2018)
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
MLBC State Grant Reimbursement (BLLibrary)
Estimated Receipts Sub-total
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TOWN OF BREWSTER
FINANCIAL FORECAST
GENERAL FUND
FISCAL YEAR 2019 (February 6, 2018)
FY2019
PROJECTION
1 -$
2 Overlay Surplus -$
3 Repurpose old articles (completed and/or closed)-$
4 Borrowing -$
-$
40,396,937$
C. Other Available Funds (One Time Source / Not Guaranteed Each
Year):
Other Available Funds Sub-total
1. GRAND TOTAL ESTIMATED REVENUES
Free Cash
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TOWN OF BREWSTER
FINANCIAL FORECAST
GENERAL FUND
FISCAL YEAR 2019 (February 6, 2018)
2. ESTIMATED EXPENDITURES
FY2019
PROJECTION
1 11,732,458$
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 10,397,696$
5 Cape Cod Technical School Assessment 845,458$
6 218,751$
37,387,549$
FY2019
PROJECTION
1 1,186,412$
2 220,763$
3 115,162$
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 -$
2,348,837$
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
A. Operating Budgets - Town & Schools:
Town Salaries & Expense
Nauset Regional School Assessment
Assessments (Previously Shown in Town Expense)
Insurance
2/6/2018 Page 3 of 4
TOWN OF BREWSTER
FINANCIAL FORECAST
GENERAL FUND
FISCAL YEAR 2019 (February 6, 2018)
FY2019
PROJECTION
1 -$
2 Skipping Program 4,500$
3 -$
a.Town -$
b.School -$
4 45,000$
49,500$
FY2019
PROJECTION
1 653,748$
2 -$
3 Overlay Reserve for Abatements -$
4 Prior Year Overlay & Other Deficits -$
5 Prior Year Snow & Ice Deficit Raised on Recap -$
653,748$
40,439,634$
(42,697)$
Deficit will result in a requirement for either a Prop 2 1/2 Override, new revenue source, budget reductions or a combination thereof.
C. Warrant Articles for Annual / Special Town Meeting
Unpaid Bills
Adjusted Surplus or Deficit
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*)
Stabilization Fund
Capital Expenditures from Revenues
2/6/2018 Page 4 of 4