Revision of FY20 Budget Summary-Town & School

	B	D	E	F	G
1
2	NON TAX REVENUE
3		FY19 BUDGET	FY20 BUDGET	$ CHANGE
4	Non Tax Revenue:
5	Motor Vehicle	#REF!	#REF!	#REF!	#REF!
6	Hotel/Motel (net)	#REF!	#REF!	#REF!	#REF!
7	Meals Tax	#REF!	#REF!	#REF!	#REF!
8	Marijuana Impact	0	#REF!	#REF!
9	Marijuana Retail	0	#REF!	25,000
10	PILOT	#REF!	#REF!	#REF!	#REF!
11	Liens & Late Fees	#REF!	#REF!	#REF!	#REF!
12	Licenses & Permits	#REF!	#REF!	#REF!	#REF!
13	Fees	#REF!	#REF!	#REF!	#REF!
14	State Aid	#REF!	#REF!	#REF!	#REF!
15	Less: State Aid Assessments	-56,047	-60,198	-4,151
16	Fines & Interest	#REF!	#REF!	#REF!	#REF!
17	Inter Fund Transfers	#REF!	#REF!	#REF!	#REF!
18	TOTAL TOWN NON TAX REVENUE	#REF!	#REF!	#REF!	#REF!
19	Debt Service Premium Amortization	10,580	8,868	-1,712
20	Free Cash - Operating	400,000	400,000	0	$0.0000
21	Free Cash - MGSD non-recurring		118,487	118,487
22	TOTAL REVENUE	#REF!	#REF!	#REF!	#REF!
23
24	EXPENSE
25	Town	7,407,430	#REF!	#REF!	#REF!
26	Capital Plan	625,000	625,000	0	$0.0000
27	Debt-Town	261,313	591,888	330,575	$0.3389
28	Free Cash - Police Station		-344,738	-344,738
29	Snow & Ice	150,000	150,000	0	$0.0000
30	Abatements	125,000	125,000	0	$0.0000
31	Chamber of Commerce	43,906	46,302	2,396
32	Youth Center	77,000	77,000	0	$0.0000
33	Sand Springs	19,000	19,000	0
34	School Retiree Insurance (to Town)	329,147		-329,147
35	School Retiree Insurance (pending ret)	88,492		-88,492
36	TOTAL TOWN EXPENSE	9,126,288	#REF!	#REF!	#REF!
37
38	Debt-School	1,341,754	1,363,654	21,900	$0.0224
39	Mt. Greylock	5,279,309	5,437,131	157,822	$0.1618
40	WES	5,188,013	5,312,978	124,965	$0.1281
41	McCann	240,480	323,311	82,831	$0.0849
42	TOTAL SCHOOLS EXPENSE	12,049,556	12,437,074	387,518	$0.3972
43
44	FY2019 Recap Adjustment (+actual rev)	#REF!	0	0	$0.0000
45
46	TOTAL EXPENSE	21,175,844	#REF!	#REF!	#REF!
47	To Be Raised by Taxes	#REF!	#REF!	#REF!	#REF!
48				Tax rate increase	#REF!
49	TAX SOURCES
50		FY19 BUDGET	FY20 BUDGET	$ CHANGE
51
52	New Growth	125,000	240,000	115,000	$0.1179
53	Tax not subject to Prop 2 1/2	1,564,334	1,600,505	36,171	$0.0371
54	Property Tax	16,878,724	17,416,824	538,100	$0.5516
55	Prop 2 1/2	421,968	435,642	13,674	$0.0140
56	Un-Used Levy	-1,310,760	#REF!	#REF!	#REF!
57	FY2019 Recap Adjustment (+actual rev)	#REF!			$0.0000
58	TOTAL TAX REVENUE	#REF!	#REF!	#REF!	#REF!
59
60
61	FREE CASH SUMMARY
62	Certified Free Cash	1,586,087	1,696,457
63	Reduce Tax Rate	-400,000	-400,000
64	MGSD non-recurring		-118,487
65	Fin Com Reserve	-75,000	-75,000	Raise & Appropriate NOT from Free Cash
66	OPEB	-50,000	-50,000
67	Comp Balance	-195,000	-195,000
68	Police Station	-300,000	-344,738
69
70	Balance Free Cash	566,087	513,232
71
72	Summary of significant changes since review
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