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HomeMy WebLinkAboutArticle 1 detail May,2003 Adj#1 Adj#2 Adj#3 Adj#4 Total Revised Annual T.M. Adjustments FY04 Budget Revenues&Other Financing Sources Notes: #'s in bold require town meeting action Property Taxes $44,781,466 $0 $44,781,466 Adj#1 addresses changes in state revenue&charges Local Receipts $7,227,348 $100,000 $100,000 $7,327,348 since May,2003 Town Meeting State Aid $8,817,222 -$268,290 -$268,290 $8,548,932 Adj#2 distribrutes salary reserve money for FY03 non- Transfers $869,900 $0 $869,900 union salary'carry through'adjustments. Free Cash $1,427,386 $159,802 $1,502,475 $1,662,277 $3,089,663 Adj#3 provides funding for FY04 non-union salary raises, Overlay Surplus $300,000 $0 $300,000 Town Mgr.Contract&Special Ed.Costs by using anticipated under spending in unemployment insurance Total Revenues and Other Financing Sources $63,423,322 -$8,488 $0 $0 $1,502,475 $1,493,987 $64,917,309 Adj#4 distributes remaining free cash to Stab. Fund Expenses General Government: Personnel $2,412,135 $46,502 $57,058 $103,560 $2,515,695 General Government: Expenses $1,199,317 $0 $1,199,317 Finance Committee Reserve $200,000 -$34,823 $0 -$34,823 $165,177 Salary Reserve $75,000 -$74,446 -$74,446 $554 Public Safety Personnel $6,472,389 $24,073 $22,449 $46,522 $6,518,911 Public Safety Expenses $504,865 $0 $504,865 Public Works Personnel $1,106,913 $3,871 $5,316 $9,187 $1,116,100 Public Works Expenses $2,733,061 $0 $2,733,061 North Andover Public Schools $29,923,053 $200,000 $200,000 $30,123,053 School Building Committee $26,941 $0 $26,941 Essex Regional Tech.School $101,882 -$101,882 -$101,882 $0 Greater Lawrence Tech.School $82,980 $3,410 $3,410 $86,390 Retirement $1,693,461 $0 $1,693,461 Workers Compensation $245,000 $0 $245,000 Unemployment $400,000 -$250,000 -$250,000 $150,000 Group(Medical)lnsurance $5,556,796 $0 $5,556,796 Payroll Taxes $288,869 $0 $288,869 Debt Service Principal $5,364,825 $0 $5,364,825 Debt Service Interest: Long Term Debt $2,495,044 $0 $2,495,044 Debt Service Interest:Short Term Debt $733,564 $0 $733,564 Liability Insurance $328,134 $0 $328,134 Stabilization Fund $1,502,475 $1,502,475 $1,502,475 Total Town Meeting Appropriation $61,944,229 -$98,472 $0 $0 $1,502,475 $1,404,003 $63,348,232 Deficits $101,000 -$44,498 -$44,498 $56,502 Overlay $425,000 $0 $425,000 State Charges $912,457 $134,482 $134,482 $1,046,939 Articles $40,000 $0 $40,000 Total Non-Appropriated Expenses $1,478,457 $89,984 $0 $0 $0 $89,984 $1,568,441 Total Expenses $63,422,686 -$8,488 $0 $0 $1,502,475 $1,493,987 $64,916,673 Surplus(Deficit) $636 $0 $0 $0 $0 $0 $636