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Warrant Committee March 23, 2011
Thirty-First Meeting
Present: E Innes, M Mitchell, J Folcarelli, M Zullas, D Turner, J Ahonen, J Wilson,
L Walker, K Chase
Absent: R Pathak, H Bell, T Hurley, C Tougias, J Powers
Reserve Fund Balance: $256,984
Set Aside: $ 75,625
Reserve Fund Balance: $181,359
The Chair called the meeting to order at 7:30 PM in the Carol Blute Conference Room.
On a motion made by Member Mitchell and seconded by Member Turner, the Warrant Committee voted 9-0-1 to appropriate for the Water and Sewer Enterprise the following FY 12 amounts:
WATER AND SEWER ENTERPRISE |
|
|
|
WATER ENTERPRISE |
|
Water Operations & Improvement |
1,114,147 |
M.W.R.A. Assessment |
2,476,082 |
D.E.P. (SDWA) Assessment |
8,641 |
Water Leak Survey |
12,000 |
Water Capital Outlay |
364,992 |
Water Capital/Debt Service |
680,543 |
SUB-TOTAL WATER ENTERPRISE |
4,656,405 |
|
|
SEWER ENTERPRISE |
|
Sewer Operations & Improvement |
692,429 |
M.W.RA. Sewer Assessment |
4,839,034 |
Sewer Capital Outlay |
774,694 |
Sewer Capital/Debt Service |
210,941 |
SUB-TOTAL SEWER ENTERPRISE |
6,517,098 |
|
~ |
TOTAL WATER AND SEWER ENTERPRISE |
11,173,503 |
To meet the appropriation for Water Operations and Improvement and for the MWRA Water Assessment and the DEP Assessment, the sum of $0 is to be transferred from the water surplus as of June 30, 2011 and the sum of $4,656,405 is to be raised from the tax levy. This sum of $4,656,405 represents expenditures attributable to the Water Enterprise which are to be included in Schedule A, “Local Receipts Not Allocated,” of the Tax Recapitulation as Water Estimated Receipts.
To meet the appropriation for Sewer Operations and Improvement and for the MWRA Sewer Assessment, the sum of $0 is to be transferred from the Sewer Surplus as of June 30, 2011, and the balance of $6,517,098 is to be raised from the tax levy. This sum of $6,517,098 represents expenses attributable to the Sewer Enterprise which is to be included in Schedule A, “Local Receipts Not Allocated,” of the Tax Recapitulation as Sewer Estimated Receipts.
On a motion made by Member Walker and seconded by Member Mitchell, the Warrant Committee voted 10-0-0 to amend the following revenue numbers for FY 12:
FY11 AND FY12 REVENUE |
|
FY 2012 |
PROPERTY TAXES |
|
Previous Levy Limit |
58,694,294 |
Add 2.5 Levy |
1,467,357 |
New Growth |
300,000 |
Override/(Underlevy) |
0 |
Sub-Total |
60,461,651 |
Debt Exclusion |
3,055,429 |
Less: Bond Premium |
(34,595) |
Excess Levy Capacity |
0 |
Sub-Total |
3,020,834 |
|
|
Maximum Allowed |
63,482,485 |
|
|
LOCAL RECEIPTS |
|
Water & Sewer Receipts |
12,121,219 |
All Other |
5,657,000 |
Total |
17,778,219 |
|
|
STATE AND FEDERAL AID |
|
Unrestricted |
8,244,810 |
School Lunch Offset |
25,200 |
Library Grant |
21,071 |
Total |
8,291,081 |
|
|
AVAILABLE FUNDS |
|
Police |
1,400 |
Cemetery |
140,000 |
Overlay Reserve |
53,937 |
School Building Project |
34,595 |
Other |
0 |
Total |
229,932 |
|
|
Stabilization Fund |
806,468 |
Free Cash |
568,531 |
|
|
TOTAL REVENUE |
91,156,716 |
On a motion made by Member Mitchell and seconded by Member Walker, the Warrant Committee voted 10-0-0 to amend the following expenditure numbers for FY 12:
FY11 AND FY12 EXPENDITURES |
ARTICLE |
APPROPRIATIONS |
FY2012 |
|
|
|
7,12 |
Union/Non-Union Raises and Set-asides |
160,807 |
17 |
Water & Sewer |
11,197,622 |
30 |
Stabilization Fund |
459,428 |
TOTAL APPROPRIATIONS |
87,269,531 |
TOTAL EXPENDITURES |
91,156,716 |
On a motion made by Member Mitchell and seconded by Member Walker, the Warrant Committee voted 10-0-0 to approve an RFT request of $1,703 for Unemployment benefits through February 2011.
On a motion by Member Mitchell and seconded by Member Turner, the Warrant Committee unanimously agreed to adjourn at 7:55pm.
Reserve Fund Balance: $255,281 Set Aside: $ 75,625 Reserve Fund Balance: $179,656
The next meeting will be on Wednesday, March 31 at 7:30 PM.
Respectfully submitted,
Helen Kiddy Clerk |
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