Canton, Massachusetts · Saved source text
Finance Committee Meeting
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Source page 1
Town of Canton
Finance Committee Meeting Notice
Finance Committee
Rob Barker, Chair
Tim McKenna, Vice Chair
Meeting Date: Monday, January 29, 2018
Nichola Gallagher Meeting Time: 7:00 PM
Dianne Gustafson Meeting Location: Salah Meeting Room
"~ Cynthia Holcombe 801 Washington Street
Barbara Saint Andre Canton, MA
Cindy Thomas
A enda
This meeting is being video recorded by Canton Community Television. Times are estimates. Items maybe taken out of order.
7:00 PM Call Meeting to Order (Minutes Primary/Alternate: Nichola Gallagher /Dianne Gustafson)
New Business:
7:05 PM New Growth Estimates Discussion with Karen Zukauskas, Assessing Director
Revenue Forecast for FY19 and Consideration of Overall FY19 School &Municipal Budget Targets
7:30 PM Free Cash Certification as of July 1, 2017
General Fund: $4,851,739
Sewer Enterprise Fund: $1,309,835
Water Enterprise Fund: $1,855,585
Rink Enterprise Fund: $44,350
7:40 PM Operating Results as of December 31, 2017
CAFR (Comprehensive Annual Financial Report) for FY17
Other Business:
8:00 PM FY19 —Operating Budget Requests —Ongoing Review
Send invitation for a future meeting to Police Chief, Library Director, Information Systems Manager,
Parks &Recreation Director, Town Clerk and DPW Superintendent.
Posting of Documents to Finance Committee Website:
Active Employees — FY18 Annual Base Salary and CY17 Gross Annual Salary Report.
Mitigation Accounts Summary as of 12/5/17.
Minutes to be Approved: October 10, 2017 and January 22, 2018
Next Meeting Dates:
Finance Committee Meetings — 2018(subject to change)
Day Month Date Time Location Guests /Topics
Wednesday February 7 NA No meeting this day Finance Commitfee receives FY19 warrant voted by BOS.
Tuesday February 13 7:00 p.m. Salah Mtg. Room Guests TBD /Discussion of Warrant
Monday February 26 7:00 p.m. Salah Mtg. Room Guests TBD
Thursday March 1 7:00 p.m. Salah Mtg. Room Bob Panico, Chair, Capital Planning Committee — FY19 Capital
Invite — BOS/Chair —Discussion of FY19 Operating Budget &
Thursday March 8 7:00 p.m. Armando Rec. Center
Warrant articles, etc.
Invite —School Committee —Discussion of FY19 Operating Budget &
Monday March 12 7:00 p.m. Salah Mtg. Room
Warrant articles, etc.
Friday March 16 NA No meeting this day Deadline —Planning Board motions to Town Counsel.
invite -Tom Scully &Laura Smead —Planning Board — PB &
Monday March 19 7:00 p.m. Salah Mtg. Room
Zoning Articles
Thursday March 22 7:00 p.m. Armando Rec. Center Last day to vote FY19 Capital Requests &Articles.
Friday March 23 NA No meeting this day Deadline — FINCOM draft motions to Town Counsel
Monday March 26 7:00 p.m. Salah Mtg. Room TBD
Vote FY19 Operating Budgets, Fixed Costs Budgets &Enterprise
Monday April 2 7:00 p.m. Salah Mtg. Room
Budgets. Review Finance Committee Discussions.
Thursday April 5 7:00 p.m. Salah Mtg. Room Finalize Finance Committee Report &Discussions.
Monday April 9 NA No meeting this day Warrant with Recommendations &Motions sent to printer.
Public Announcements/Public Comment: Currently there are 2 vacancies on the Finance Committee.
Adjourn
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?0/80!?9 hlN('Ohl Agc~idadacSource page 2
~.
REVENUE FORECASTING POLICY
Revenue surpluses are more desirable than revenue deficits. Therefore, the process of estimating revenues is
not designed to reach a number which has an equal probability of being exceeded or producing a shortfall.
Rather, the objective is to develop an estimate, based on historical averages and currently available information,
which has a substantial chance of being met and a small chance of falling short.
REGENUE FORECASTING POLICY.DOCSource page 3
SUMMARY OF GENERAL REVENUES AND EXPENDITURES C-~
A AA AC AE AG AI AJ AQ AR
2 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2018 FY 2019
3 ACTUAL ACTUAL ACTUAL ' ACTUAL ACTUAL BUDGET ESTIMATE ESTIMATE
4 GENERAL FUND REVENUES:
- -
5
6 PROPERTY TAX REVENUE 58,943,238 61,389,516 63,587,464 67,267,824 70,207,984 73,073,334 73,005,964 75,904,693
~ -
8 STATE AID 7,767,007 8,166,757 7,553,514 7,891,869 8,223,481 8,868,080 8,988,466 9.,073,243
9 __
10 LOCAL RECEIPTS 6,594,642 6,982,273 7,720,938 7,801,500 7,718,943 6,468,816 7,148,303 6,772,736
11
12 TRANSFERS FROM OTHER FUNDS 2,664,482 3,004,822 2,966,964 3,249,544 2,405,385 2,340,524 2,354,154 2,626,374
13
14 TAX TITLE /FORECLOSURE REVENUE 219,963 782,539 351,721 147,456 172,988 0 106,600 0
15
16 TOTAL REVENUES 76,189,331 80,325,907 82,180,601 86,358,192 i 88,728,787 90,750,754 91,603,487 94,377,046
17 I
18
19 GENERAL FUND EXPENDITURES:
20
21 SCHOOL PRIOR YEAR BUDGET 38,077,710 38,077,710 40,221,559
22 SCHOOL STEPS, LANES &LONGEVITY INCREASES 745,213 745,213 758,449
23 SCHOOL COLA'S_ 623,640 623,640 I 620,327
24 SCHOOL BUDGET ADJUSTMENT NEEDED TO BALANCE 774,996 774,996 ' 296,070
25 SCHOOL EXPENSES 32,011,496 33,395,505 34,627,548 ~ 36,259,290 38,498,641 40,221,559 40,221,559 41,896,405
26 --
27 MUNICIPAL PRIOR YEAR BUDGET 19,016,901 19,016,901 19,919,076
28 MUNICIPAL STEPS/LONGEVITY INCREASES 164,858 164,858 167,967
29 MUNICIPAL COLA'S 236,969 236,969 264,981
30 MUNICIPAL BUDGET ADJUSTMENT NEEDED TO BALANCE 700,348 700,348 524,378
31 MUNICIPAL EXPENSES 16,079,678 16,918,738 17,488,884 18,136,889 18,864,107 20,119,076 20,119,076 20,876,402
32
33 FIXED COSTS 23,857,242 24,674,243 25,451,017 25,878,984 26,625,136 28,075,270 28,123,598 29,033,925
34 ~
35 TOTAL OPERATING EXPENSES 71,948,416 74,988,486 j 77,567,449 80,275,163 83,987,884 88,415,905 88,464,233 91,806,732
36 ~
37 SCHOOL CASH CAPITAL 364,103 441,880 715,020 602,599 597,235 800,000 800,000 750,000
38 MUNICIPAL CASH CAPITAL 1,723,607 1,380,037 1,050,178 1,517,900 1,987,161 700,000 700,000 750,000
39 CASH CAPITAL EXPENDITURES 2,087,710 1,821,917 1,765,198 i 2,120,500 2,584,397 1,500,000 1,500,000 1,500,000
40
41 TRANSFER TO REGULAR STABILIZATION FUND 400,000 400,000 600,000 600,000 500,000 0 0 0
42 TRANSFER TO SCHOOL SPED STABILIZATION FUND ~ 0 85,000 100,000 0 0 0 0 0
43 TRANSFERS TO STABILIZATION FUNDS 400,000 48fi,000 700,000 600,000 500,000 0 0 0
44
45 SPECIAL APPROPRIATIONS 120,000 70,000 85,000 183,069 194,265 255,000 I 255,000 0
46
47 STATE &COUNTY CHARGES 959,538 959,868 944,583 927,338 995,573 1,034,849 1,057,233 1,070,314
48
49 TOTAL EXPENDITURES 75,515,665 78,325,271 81,062,230 84,106,070 88,262,179 91,205,754 91,276,466 94,377,046
50
51 OPERATING SURPLUS/ DEFICI -GENERAL FUND 673,666 2,000,636 1,118,371 2,252,122 466,662 455,000 327,022 0
ATMDATA.xlsx summary 1/25/2018Source page 4
!J~ n
!r
PROPERTY TAX REVENUE
A N O P Q R S T U
1
2 FY 2013 I FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2018 FY 2019
3 ACTUAL ACTUAL ACTUAL ~ ACTUAL ACTUAL BUDGET ESTIMATE ESTIMATE
4 GENERAL FUND REVENUE:
5
6 PRIOR YEAR LEVY LIMIT 56,499,590 58,592,286 61,056,233 64,150,473 67,067,280 70,349,445 70,349,445 73,481,199
7
8 ADD 2.5% 1,412,490 1,464,807 1,526,406 'I 1,603,762 1,676,682 1,758,736 1,758,736 1,837,030
9 ~
10 ADD REAL ESTATE NEW GROWTH 379,310 450,088 800,518 985,309 1,107,638 ~ 600,000 1,053,018 600,000
11 i
12 ADD PERSONAL PROPERTY NEW GROWTH 300,896 549,052 767,316 327,736 497,845 250,000 320,000 200,000
13
14 ADD OPERATING OVERRIDE 0 0 0 0 0 0 0 0
15 ~
16 SUB-TOTAL LEVY LIMIT 58,592,286 61,056,233 64,150,473 67,067,280 70,349,445 72,958,181 73,481,199 76,118,229
17
18 ADD DEBT EXCLUSIONS(NET OF REIMBURSEMENTS) 2,111,287 2,019,591 1,643,171 1,706,408 1,559,011 1,651,108 1,604,597 1,322,418
-
19
20 LESS UNUSED LEVY CAPACITY (548,306) (610,696) (1,164,023) (577,358) (961,686) (535,955)' (1,110,114) (535,955)
21
22 TOTAL PROPERTY TAXES-CURRENT YEAR 60,155,267 62,465,128 64,629,622 68,196,330 70,946,770 74,073,334 73,975,682 , 76,904,693
23
24 ADJUST TO ACTUAL AMOUNT BILLED (8,439) (46,041) 6,807 8,513 9,585 0 30,282 0
- --
25
26 LESS ABATEMENTS (878,605). (805,173) (761,986)I (747,431) (693,528) (750,000) (750,000), (750,000)
27
28 SUB-TOTAL PROPERTY TAX REVENUE 59,268,223 61,613,914 63,874,443 67,457,412 70,262,827 73,323,334 73,255,964' 76,154,693
— - _
29
30 OVER/(UNDER)COLLECTIONS (324,985) (224,398) (286,979) (189,588) (54,843) (250,000) (250,000) (250,000)
31
32 TOTAL PROPERTY TAX REVENUE 58,943,238 61,389,516 63,587,464 67,267,824 70,207,984 73,073,334 73,005,964 75,904,693
ATMDATA.xlsx property taxes 1/25/2018Source page 5
ADDITIONAL PROPERTY TAXES FROM DEBT EXCLUSIONS -NET OF REIMBURSEMENTS
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t
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A T U V W X Y Z AA
1
.-
2 j FY 2013 FY 2014 FY 2015 FY 2016 ~ FY 2017 FY 2018 ~' FY 2018 FY 2019
3 DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE ESTIMATE
4
5 DRAPER PROPERTY (behind Police Station) 106,756 103,544 96,220 93,055 38,528 36,532 36,532 31,620
6
7 WILLIAMS ESTATE {Armando Center) 169,864 164,044 150,631 143,402 134,130 0 0 0
8
9 SCHOOL ADA 79,080 76,626 69,607 66,343 62,610 59,364 59,364 0
10
1 1 SCHOOL REPAIRS 137,420 133,149 120,941 115,239 1U8,704 103,326 103,326 0
12 ~
13 SCHOOL TECHNOLOGY 0 0 0 0 0 0 0 0
14 --
15 LUCE SCHOOL 645,920 624,150 605,110 585,390 551,600 527,380 527,380 I 503,820
16
17 LIBRARY 437,513 443,710 381,905 366,920 i 352,710 338,440 338,440 324,215
18 i ~
19 HIGH SCHOOL 1,527,250 1,527,842 807,112 758,093 707,783 659,098 ~ 659,097 611,213
20 I
21 HANSEN SCHOOL ADDITION 0 0 ~, 0 0 44,000 349,000 316,120 283,961
22
23 TOTAL DEBT SERVICE 3,103,802 3,073,065 2,231,526 2,128,440 2,000,065 ~ 2,073,140 ~ 2,040,259 1,754,828
24
25 LESS MSBA OFFSETS &OTHER ADJUSTMENTS:
26
27 LUCE SCHOOL MSBA REIMBURSEMENT (422,032) (422,032) (422,032) (422,032) (422,032) (422,032) (422,032) (422,032)
28 HIGH SCHOOL MSBA REIMBURSEMENT (539,765) (550,537), 0; 0 0 0 0 0
29 ADDITIONAL INTEREST PAID IN APRIL 2014 0 (52,289) 52,289 0 0 0 0 0
30 EXCESS BOND PREMIUM FOR HANSEN SCHOOL 0 0 0 0 0 0 (13,630) (10,378)
31 NET PREMIUM RECEIVED ON NOTES &BONDS (30,718)' (28,616) (218,612) 0 (19,022) 0; 0 0
32
33 TOTAL MSBA OFFSETS &OTHER ADJUSTMENTS (992,515) (1,053,474) (588,355) (422,032) (441,054) (422,032) (435,662)] (432,410)
34
35 NET DEBT SERVICE 2,111,287 2,019,591 1,643,171 1,706,408 1,559,011 1,651,108 1,604,597 1,322,418
ATMDATA.xlsx debt exclusions 1/25/2018Source page 6
STATE AID COMPARISON
A B O P Q R S T U V
1
2 _ ~ FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2018 FY 2019
3 DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE ESTIMATE
4
5 CHAPTER 70 4,580,646 4,751,687 4,936,587 5,126,669 5,320,092 5,903,276 6,027,495 6,093,855
6
7 SCHOOL TRANSPORTATION 0~ 0 0 0 0 0 0 0
-- --
8
9 CHARTER TUITION ASSESSMENT REIMBURSEMENT 54,945 36,456 6,667 3,969 53,918 25,768 41,960 20,630
10
11 SUB-TOTAL EDUCATION 4,635,591 ~ 4,788,143 4,943,254 5,130,638 5,374,010 5,929,044 6,069,455 6,114,485
12
13
17 UNRESTRICTED GENERAL GOVERNMENT AID 1,813,812 1,856,687 1,908,176 1,976,870 2,061,875 2,142,288 2,142,288 2,217,268
18
19 HIGHWAY FUND 0 0 0 0 0 0 0 0
20 ~ -
21 POLICE CAREER INCENTIVE(QUINN) 0 0 0 0 0 0, 0 0
22
23 VETERANS' BENEFITS 106,829 129,968 147,636 143,180 150,820 159,972 139,982 116,443
24
25 STATE OWNED LAND(PAYMENTS IN LIEU OF TAXES) 149,947 152,912 37,903 37,903 37,870 37,870 37,835 33,984
26
27 EXEMPTIONS FOR ELDERLY, VETS ETC. 64,758 232,205 60,240 146,973 142,601 142,601 142,601 134,758
28
29 SUB-TOTAL GENERAL GOVERNMENT 2,135,346 2,371,772 2,153,955 2,304,926 2,393,166 2,482,731 2,462,706 2,502,453
30
31 SUB-TOTAL STATE AID 6,770,937 7,159,915 7,097,209 7,435,564 7,767,176 8,411,775 8,532,161 8,616,938
32
- -
33 ~
34 SCHOOL CONSTRUCTION (MSBA):
35 LUCE SCHOOL 422,032 422,032 422,032 422,032 422,032 422,032 422,032 422,032
36 HIGH SCHOOL 539,765 550,537 0 ~ 0 0 0 0 0
37 HANSEN SCHOOL ELEVATOR 18,328 18,328 18,328 18,328 18,328 18,328 18,328 18,328
38 KENNEDY SCHOOL ELEVATOR 15,945 15,945 15,945 15,945 15,945 15,945 15,945 15,945
39 TOTAL SCHOOL CONSTRUCTION AID 996,070 1,006,842 'i 456,305 456,305 456,305 456,305 456,305 456,305
40 ~
41
42 TOTAL STATE AID 7,767,007 ' 8,166,757 7,553,514 7,891,869 8,223,481 8,868,080 8,988,466 - 9,073,243
ATMDATA.xlsx state aid 1/25/2018Source page 7
LOCAL RECEIPTS
A B C D Q R S T U V W X
1
2 ORG FY 2013 FY 2014 FY 2015 ' FY 2016 FY 2017 FY 2018 FY 2018 ~ FY 2019
3 DESCRIPTION # j ACTUAL ACTUAL ACTUAL I ACTUAL ACTUAL BUDGET ESTIMATE ESTIMATE
4
5 EXCISE TAXES (Motor Vehicle) 10015 3,473,978 3,714,753 4,119,643 4,555,904 4,505,384 3,850,000 4,000,000 4,000,000
6
7 OTHER EXCISE (Hotel &Meals) 10016 460,905 568,317 581,621 601,227 593,076 550,000 674,487 550,000
8
9 PENALTIES &INTEREST 10017 323,695 344,012 310,740 254,164 314,625 300,000 300,000 300,000
10
1 1 PAYMENTS IN LIEU OF TAXES 10018 224,311' 214,543 222,149 225,405, 231,040 236,816 236,816 242,736
12
13 FEES 10032' 166,510 177,668 160,361 199,823 159,459 150,000 150,000 150,000
14
15 RENTALS 10036 201,454 218,135 247,420; 193,689 185,417 200,000 200,000 200,000
16 - -- - --
17 OTHER DEPARTMENT REVENUE 10037 58,575 96,811 124,390 144,641 105,876 77,000 77,000 100,000
18
19 ALCOHOLIC BEVERAGES LICENSES 10041 74,040 72,915 79,970 77,035 81,300 70,000, 80,000' 70,000
20 I
21 OTHER LICENSES 10042 j 91,849 94,133 86,466 84,019 76,440 80,000; 80,000 80,000
22
23 PERMITS 10045 878,021 650,781 1,116,006; 874,017 984,377 650,000 1,000,000 750,000
24
25 OTHER FEDERAL REVENUE 10054 0 251,643 0 0 5,625 0 0 0
26
27 OTHER STATE REVENUE 10068 0 18,4081 0 0 0 0 0 0
28
29 FINES &FORFEITURES 10077 109,411 141,311 ~ 113,467 119,540 92,821 100,000 100,000 100,000
30
31 INTEREST INCOME 10082 82,772 91,250 81,755 96,625 127,091 80,000; 100,000. 80,000
32
33 OTHER MISCELLANEOUS REVENUE 10084 59,018 44,668 71,969 113,864 60,896 25,000 50,000 50,000
34
35 REIMBURSEMENTS 10085 390,105 282,925 404,982 261,549 195,5171 100,000 100,000 100,000
36
37 TOTAL LOCAL RECEIPTS 6,594,642 6,982,273 7,720,938 7,801,500 7,718,943 6,468,816 7,148,303 6,772,736
ATMDATA.xlsx local receipts 1/25/2018Source page 8
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TRANSFERS FROM OTHER FUNDS
A B O P Q R S T U V
1 I
2 ~- FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2018 FY 2019
--
3 FUND # DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE ESTIMATE
4
5 101 SCHOOL FOOD SERVICE ~102,224 102,224 122,378 120,770 146,805 160,500 160,500 160,500
6 111 SOLAR FACILITY i 303,519 413,585 498,069 556,205 461,428 331,144 331,144 339,422
7 115 BOND PREMIUMS &ISSUANCE COSTS 143,525 ` 171,821 275,400 31,648 19,022 0 13,630 10,378
8 134 PEQUITSIDE FARM RENTALS 0 0 0 0 34,300 0 0I 0
9 135 GREENLODGE STREET PARKING FEES 45,000 35,000 35,000 35,000 35,000 35,000 35,000 70,000
13 170 AMBULANCE SERVICE -OPERATING 650,000 803,476 650,000 650,000 650,000 , 650,000 650,000 650,000
14 170 iAMBULANCE SERVICE -CAPITAL 0' 45,000 0 326,000 0' 0 0 0
15 170 AMBULANCE SERVICE -DEBT SERVICE 108,960 86,980 53,350 107,325 111,150 175,190 175,190 169,560
16 170 AMBULANCE SERVICE -REGIONAL DISPATCH 0 0 0 0 0 100,000 ~ 100,000 300,000
17 170 AMBULANCE SERVICE -TOTAL 758,960 935,456 ' 703,350 1,083,325 761,150 925,190 925,190 1,119,560
18 171 'ANIMAL CONTROL FEES 30,000 0 0 0 0 0 0! 0
19 172 SALE OF LOTS/GRAVES 5,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
20 173 INSURANCE REIMBURSEMENT OVER $20,000 0 0 73,536 0 0 0 0 0
21 174 WETLANDS PROTECTION 5,000 5,000 0 0 0 ~ 0 0 0
22 175 SALE OF REAL ESTATE 22,809 12,677 I 0 0 0 0 0 0
26 600 SEWER ENTERPRISE FUND 388,281 394,399 376,369 i 384,876 356,442 358,865 358,865 326,670
27 640 WATER ENTERPRISE FUND 744,799 756,170 620,022 978,960 510,539 514,825 514,825 584,844
28 700 RINK ENTERPRISE FUND 80,243 82,015 90,729 0 0 0' 0 0
29 801 STABILIZATION FUND 0 ~, 75,000 80,000 0 0 0 0 0
32 812 CEMETERY PERPETUAL CARE(EXPENDABLE) 15,000 ' 5,000 5,000 5,000 5,000 5,000 5,000 5,000
33 MISCELLANEOUS FUNDS 20,122 6,475 77,112 43,759 65,700 0 0 0
35 TOTALS 2,664,482 3,004,822 2,966,964 3,249,544 2,405,385 2,340,524 ~ 2,354,154 2,626,374
ATMDATA.xlsx transfers 1/25/2018Source page 9
FIXED COSTS AND STATE AND COUNTY CHARGES ~~~
~~
A B O P Q R S T U V
1
2 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2018 FY 2019
3 DEPT DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE ESTIMATE
5 132 RESERVE FUND 0 0 0 0 0 500,000 200,000 500,000
6 422 STREET LIGHTS 1 15,634 100,141 100,116 136,752 128,544 95,000 95,000 85,000
7 423 SNOW &ICE 644,641 839,895 1,263,215 681,690 764,097 600,500 600,500 600,500
8 433 TRASH COLLECTION 1,453,522 1,484,613 1,665,574 1,797,927 1,858,338 1,961,119 1,961,119 1,961,119
9
10 INSIDE LEVY 3,052,193 2,966,683 2,608,238 2,818,352 2,867,843 2,713,463 2,710,380 2,884,309
11 OUTSIDE LEVY 3,103,803 3,073,065 2,231,526 2,128,440 2,000,065 2,073,140 2,040,259 1,754,829
12 TOTAL DEBT SERVICE 6,155,995 6,039,748 4,839,764 4,946,792 4,867,907 4,786,603 4,750,639 4,639,138
13
14 840 BLUE HILLS REGIONAL 1,173,074 1,059,042 1,098,642 1,117,954 1,180,767 1,164,066 1,160,586 1,214,066
15 841 NORFOLK COUNTY AGGIE 6,000 8,589 7,472 9,340 13,727 20,000 20,000 20,000
16 911 RETIREMENT EXPENSES 3,085,292 3,202,606 3,595,847 3,994,324 4,397,289 4,799,947 4,799,947 5,249,494
17 913 U NEMPLOYMENT 100,000 150,000 150,000 100,000 100,000 100,000 100,000 100,000
18
19 914 HEALTH INSURANCE 10,018,636 10,473,152 1 1,251,554 10,924,342 1 1,414,286 12,082,117 12,169,888 12,596,658
20 915 LIFE INSURANCE 57,696 58,289 58,637 58,637 59,640 60,000 60,000 62,250
21 TOTAL HEALTH &LIFE INSURANCE 10,076,332 10,531,441 1 1,310,191 10,982,980 1 1,473,926 12,142,117 12,229,888 12,658,908
22
23 946 TOWN INSURANCE 846,675 910,457 869,196 1,011,226 1,068,297 1,205,918 1,205,918 1,205,700
24 993 OPEB TRUST FUND 50,000 400,000 551,000 750,000 770,000 1,000,000 1,000,000 800,000
25 990 OTHER TRANSFERS 150,078 0 0 350,000 0 0 0 0
26
27 TOTAL FIXED COSTS 23,857,242 24,726,532 25,451,017 25,878,984 26,622,891 28,375,270 28,123,598 29,033,925
28
29
30 820 STATE ASSESSMENTS 763,657 765,462 745,317 725,754 788,950 825,840 848,224 856,080
31 830 NORFOLK COUNTY TAX 195,881 194,406 199,266 201,584 206,623 209,009 209,009 214,234
32
33 TOTAL STATE &COUNTY 959,538 959,868 944,583 927,338 995,573 1,034,849 1,057,233 1,070,314
ATMDATA.xlsx fixed costs 1/25/2018Source page 10
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FY2019 Local Aid Estimates
-- - --
Canton
__
FY2019
FY2018 Cherry FY2019 Governor's FY2019 House FY2019 Senate Conference
Sheet Estimate Budget Proposal Budget Proposal Budget Proposal Committee
Education: I
Chapter 70 6,027,495 6,093,855
Charter Tuition Reimbursement 41,960 20,630
Sub-total, All Education Items: 6,069,455 6,114,485
General Government:
Unrestricted Gen Gov't Aid 2,142,288 2,217,268
Veterans Benefits 139,982 116,443
State Owned Land 37,835 33,984
Exemp: VBS and Elderly 142,601 134,758
Sub-Total, All General Government 2,462,706', 2,502,453
~i
Total Estimated Receipts 8,532,161 8,616,938~~
County Assessments: i
County Tax 209,009 214,234 i
Sub-Total, County Assessments: 209,009 214,234
State Assessments and Charges:
Mosquito Control Projects 100,465 104,022
Air Pollution Districts 8,417 8,651
Metropolitan Area Planning Council 11,581 11,888
RMV Non-Renewal Surcharge 22,380 22,380
MBTA 488,430 502,823
Special Education 37,096 24,855
School Choice Sending Tuition 13,400 20,100
Charter School Sending Tuition 166,455 161,361
Sub-Total, State Assessments: 848,2241 856,080
Total Estimated Assessments 1,057,233 1,070,314
Fy 19 cherry sheet estimates.xlsx 1/25/2018