Town of Marlborough Board of Selectmen 2019-2020 Proposed Budget Amy Traversa, First Selectman Evelyn Godbout, Selectman Clifford Denniss, Selectman March 5, 2019 Marlborough Board of Selectmen
Town of Marlborough Important Note This presentation of the 2019-2020 Town Operations and Town Capital Budget includes our best projections of expenditures for the upcoming fiscal year. In developing this budget, we have continued to take a conservative, but realistic approach about funding changes that may be imposed by the State. Any revenues we may anticipate receiving from the State are projections based on the latest information received from official sources, and are subject to be modified or cut entirely by the Legislature or Governor at any time prior to - or during - the fiscal year. Marlborough Board of Selectmen
Town of Marlborough Budget Environment Global View • New Governor, New Agenda • Year One of the Biannual State Budget • Long Legislative Session – Budget Vote 1 st week June • State Employee Pension Crisis • State Teacher’s Retirement Fund – 25% to Towns? Marlborough Board of Selectmen
Town of Marlborough Revenue Sources • State Grants • Undesignated Fund Balance • Local Taxes Marlborough Board of Selectmen
Town of Marlborough State Grants 2017 to 2020 Grant FY 2017 FY 2018 FY 2019 Projected FY 2020 Proposed ECS $3,153,957 $2,736,404 $ 2,989,091 $2,920,246 Teacher’s Retirement - $47,411 Contribution (New) Pequot Mohegan $18,541 $18,541 $603 $1,807 PILOT: State Property 0 0 $14,788 $14,788 Municipal Projects $7,313 $7,313 $7,313 $7,313 MRSF Revenue Share $131,065 0 0 0 Muni Stabilization 0 $17,011 $48,977 $48,977 Town Aid Road* $212,271 $212,135 $212,342 $212,342 LoCIP* $93,711 $59,634 $51,116 Total $3,523,147 $3,085,343 $3,333,952 $3,209,178 *TAR and LoCIP are not included in the general fund – used to offset capital projects Marlborough Board of Selectmen
Town of Marlborough Unassigned Fund Balance Marlborough Board of Selectmen
Town of Marlborough 2016-2017 Audited* Performance Total Revenues $170,697 higher than budgeted • Revenues (incl. Property Taxes) exceeded budget by $351,975 • Investment Income higher than budgeted $ 16,064 • Local Non-property tax revenues higher $ 68,683 • Transfer in from other funds $ 32,244 • Reductions from State were lower than anticipated ($149,746) • Unused Fund Balance ($148,523) Total Expenditures $492,937 less than budgeted • Mainly attributed to Public Safety, General Gov’t, DPW $409,437 • Unused Contingency $ 83,500 $663,634 Returned to Unassigned Fund Balance *Source: Bloom & Shapiro Audited Financial Statements (p.8) June 30,2017 Marlborough Board of Selectmen
Town of Marlborough 2017-2018 Audited* Performance Total Revenues $110,257 higher than budgeted • Revenues (incl. Property Taxes) exceeded budget by $204,531 • Investment Income higher than budgeted $ 28,942 • Local Non-property tax revenues higher than anticipated $ 38,522 • Transfers in from other funds (sewer) higher $ 46,178 • Reductions from State were lower than projected ($ 82,108) • Unused Fund Balance ($225,808) Total Expenditures $614,391 less than budgeted • Unfilled Positions, General Government, Public Works $ 512,754 • Unused Contingency $ 47,000 • Bonding on Phase III Sewer Debt Delayed $ 54,637 $ 724,648 Returned to Unassigned Fund Balance *Source: Bloom & Shapiro Audited Financial Statements (p.8) June 30, 2018 Marlborough Board of Selectmen
Town of Marlborough 2 Year Total Returned to Unassigned Fund Balance $ 1,388,282 Marlborough Board of Selectmen
Town of Marlborough Unassigned Fund Balance - Fiscal Year Comparison % of Unassigned Fund Unassigned Fund Balance over Approved Budget Actual Expenditures Balance Approved Budget FY 09/10 20,839,035 20,325,787 1,870,321 8.98% FY 10/11 20,887,337 20,786,375 1,865,554 8.93% FY 11/12 21,164,961 20,905,162 2,207,304 10.43% FY 12/13 21,596,299 21,272,792 2,563,622 11.87% FY 13/14 21,961,732 21,845,268 2,311,786 10.53% FY 14/15 22,765,875 22,654,814 1,928,803 8.47% FY 15/16 23,318,174 23,077,412 2,014,034 8.64% FY 16/17 23,737,067 23,244,130 2,671,444 11.25% FY 17/18 24,109,681 23,495,290 3,476,500 14.42% Marlborough Board of Selectmen
Town of Marlborough Unassigned Fund Balance Fiscal Year Comparison 30,000,000 16.00% Approved Budget Actual Expenditures Unassigned Fund Balance 14.00% 25,000,000 % of Unassigned Fund Balance over Approved Budget 12.00% 20,000,000 10.00% 15,000,000 8.00% 6.00% 10,000,000 4.00% 5,000,000 2.00% 0 0.00% FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 Marlborough Board of Selectmen
Town of Marlborough Grand List Marlborough Board of Selectmen
Town of Marlborough Net Grand List 2018 2017 to 2018 2016 2017 2018 Growth Change Real Estate $515,573,520 $516,880,840 $522,070,770 $5,189,933 1.00% Personal $11,727,850 $11,555,470 $11,708,740 $153,270 1.33% Property Motor Vehicle $53,638,220 $52,974,730 $53,882,700 $907,970 1.71% $580,939,590 $581,411,040 Total $587,662,210 $6,251,170 1.07% Marlborough Board of Selectmen
Town of Marlborough Debt Marlborough Board of Selectmen
Town of Marlborough Scheduled Debt Service on Existing Debt Year Outstanding Debt Debt Service Payment Actual/Projected (Principal & Interest Only) 2015-2016 $21,274,127 $2,515,013 2016-2017 $18,759,114 $2,235,329 2017-2018 $16,523,785 $2,103,088 2018-2019 $14,420,698 $1,989,874 2019-2020 $12,430,824 $1,877,492 2020-2021 $10,553,337 $1,599,775 2021-2022 $8,953,562 $1,503,803 2022-2023 $7,449,759 $1,281,078 2023-2024 $6,168,681 $733,240 2024-2025 $5,435,441 $733,240 Marlborough Board of Selectmen
Town of Marlborough Allocation of Debt Service 1400000 1200000 1000000 800000 600000 400000 200000 0 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 TOWN LOCAL BOE SEWER Linear (TOWN) Linear (LOCAL BOE) Linear (SEWER) Marlborough Board of Selectmen
Town of Marlborough 2019 – 2020 Town Operations Budget Marlborough Board of Selectmen
Town of Marlborough Town Operations $5,041,926 Library $342,168 General Government 7% $2,158,673 Public Works $1,627,711 32% 43% 4% 12% 2% Health & Welfare Parks & Rec Public Safety $203,868 $88,413 $621,093 Marlborough Board of Selectmen
Town of Marlborough Changes To Operations Budgets: 2019-2020 Negotiated increases for all salaries – 1.75% General Inflation Benefits & Services Positions - F/T Highway & Fleet Supervisor - P/T Social Service Coordinator Increase for Legal Increase for Tree Removal Increase for Transfer Station Operations/Fees (MIRA) Health Insurance – Est. 10% Increase Marlborough Board of Selectmen
Town of Marlborough Update on Capital Improvements 2018-2019 Marlborough Board of Selectmen
Town of Marlborough 2019 Capital Improvements Facilities Upgrades Road / Bridge Construction Library Parking Lot Finley Hill Culvert - Complete Food Bank Roof North Main Street Culverts - Complete Lighting DPW Metal Bldg South Main Phase I - Complete Transfer Station Guard Rail Road Improvements Administrative Finley Hill Road – Ground & Paved Revaluation South Road to Flood – Ground & Paved Plan of Development Chip Sealed Johnson, Standish, Walnut, Millstone Reserves PW Equip Replace/Fund Capital Reserve Vehicles & Equipment Fire Dept Reserve Replaced 2001 Dump Truck Replace 2007 Police Car Replaced SCAG Mower Marlborough Board of Selectmen
Town of Marlborough Finley Hill Box Culvert Reconstruction – COMPLETE! Marlborough Board of Selectmen
Town of Marlborough North Main Street Culvert Reconstruction – COMPLETE! Reconstruct 2 culverts and the bridge decks above on North Main Street Marlborough Board of Selectmen
Town of Marlborough South Main Street Culvert Reconstruction – COMPLETE! Marlborough Board of Selectmen
Town of Marlborough 2001 Dump Truck Replacement Marlborough Board of Selectmen
Town of Marlborough 2005 Skag Mower Replacement - $13,486 2005 2018 Marlborough Board of Selectmen
Town of Marlborough Library Parking Lot Restoration – COMPLETE! Marlborough Board of Selectmen
Town of Marlborough Transfer Station Guard Rails Austin Drive Food Bank Roof Lights at DPW Metal Building Marlborough Board of Selectmen
Town of Marlborough Planned Capital Improvements 2019-2020 Marlborough Board of Selectmen
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