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HomeMy WebLinkAboutMicrosoft PowerPoint - Article19 - Finance Cmt [Compatibility Mode] CCIP/Budget Projection Assumptions • Debt Interest Rates • Revenues - 10 yr: 3.30% - Property Taxes: 4.00% - 20 yr: 4.00% - Local Receipts: 4.56% - State Aid : 2.02% • Expenses - Interfund : 4. 13% - Other Non-Department Fixed Cost: 7.68% - Departmental Operating Budget: 3.6% I CIP/Budget - r% - - -- - I M -- - r% ions Compared (Dollars) 2009 2010 2011 2012 2013 FinCom with New FY09 Debt 0 (11980,271) (295869737) (396729494) (499139477) FinCom No Bldg Debt 0 (11389,009) (199659911 ) (297049767) (399269686) Town Mgr New FY09 Debt 0 319885 2109159 2179505 2189878 C: Article 19 : Police Station CIP • The Finance Committee recognizes a strong need for this project. • The only objection to this project is the impact the additional debt service will have on future years budgets. • Distributed over 20 years, the impact will start at $428 , 000 and decrease over time. C: Article 19 : P CIP 2008 2009 2010 2011 2012 2013 Debt Serblce: General Fund Obligations 8,719,462 8,008,064 6,894,346 6,608,667 6,357,832 5,049,479 PN Authorizations 57,293 344,126 579,618 560,880 542,143 523,406 Police Station 428,670 419,144 409,618 400,092 Annual GLSD payment (125,000) (128,125) (131,328) (134,611)' Pre-School 186,300 182,160 178,020 173,880 FY09 Other New Non-Excluded CIP 104,485 101,892 99,300 96,707 FY10 Other New Non-Excluded CIP 223,972 218,415 212,858 FY11 Other New Non-Excluded CIP 571,619 241,475 FY12 Other New Non-Excluded CIP 804,345 FY13 Other New Non-Excluded CIP Subtotal New Debt 594,455 799,043 1,345,644 1,794,746 Total 8,776,755 8,352,190 8,068,419 7,968,590 8,245,619 7,367,631 Less: Debt Exclusions 4,805,433 4,630,086 4,374,547 4,306,500 4,238,886 2,976,490 Net Debt Service 3,971,322 3,722,104 3,693,872 3,662,090 4,006,733 4,391,141 Debt Serblce Ratio F 5.73% 5.22% 5.02% 4.80% 5.05%' 5.33°/