HomeMy Public PortalAboutFY2019 General Fund Financial Forecast as of 03062018FY2019
PROJECTION
1 30,648,080$
2 766,202$
3 160,239$
4 Excess Levy Capacity -$
5 Proposition 2 1/2 Operating Override -$
6 1,856,765$
7 -$
8 160,727$
33,592,013$
Projected Excess
33,592,013$
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 - 6A Raised in Levy
Maximum Allowable Tax Levy
TOWN OF BREWSTER
FINANCIAL FORECAST
GENERAL FUND
FISCAL YEAR 2019 (March 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 (March 6, 2018)
FY2019
PROJECTION
1 934,620$
2 Overlay Surplus -$
3 Repurpose old articles (completed and/or closed)520,118$
4 Borrowing 485,000$
1,939,738$
42,201,514$
C. Other Available Funds (One Time Source / Not Guaranteed Each Year):
Other Available Funds Sub-total
1. GRAND TOTAL ESTIMATED REVENUES
Free Cash
3/6/2018 Page 2 of 4
TOWN OF BREWSTER
FINANCIAL FORECAST
GENERAL FUND
FISCAL YEAR 2019 (March 6, 2018)
2. ESTIMATED EXPENDITURES
FY2019
PROJECTION
1 11,743,820$
2 Elementary School Operating Budget Inc. Fringe Benefits & Ret.9,748,546$
3
a.Town Fringe Benefits 2,102,386$
b.Town Retirement / Pension Expense (FY18 Forward)1,694,546$
c.General Insurance 513,850$
4 10,397,696$
5 Cape Cod Technical School Assessment 845,458$
6 262,851$
37,309,153$
FY2019
PROJECTION
1 1,778,450$
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$
2,194,375$ 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
Other Expense & Assessments (Previously Shown in Town Expense)
Insurance
3/6/2018 Page 3 of 4
TOWN OF BREWSTER
FINANCIAL FORECAST
GENERAL FUND
FISCAL YEAR 2019 (March 6, 2018)
FY2019
PROJECTION
1 -$
2 Skipping Program 4,500$
3 Cultural Council 10,000$
4 -$
a.Town 1,568,500$
b.School 461,238$
2,044,238$
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$
42,201,514$
(0)$
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
Capital Expenditures (Doesn't include prior Road / Fire Station bans)
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*)
3/6/2018 Page 4 of 4