Town of Ayer Initial Presentation of the FY 2021 Budget - ROBERT A . PONTBRIAND, TOWN MANAGER JANUARY 13, 2020 PUBLIC PRESENTATION TO THE AYER BOA ...
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Town of Ayer Initial Presentation of the FY 2021 Budget ROBERT A . PONTBRIA N D, TOWN MA N AGER JANUARY 13, 2020 PUBL IC PRESEN TATION TO THE AYER BOARD OF SELEC TMEN A N D AYER FIN A N CE COMMIT TEE
Presentation
Overview
o The Budget Process
o Town of Ayer Budget Successes
o FY 2021 Omnibus Budget Overview
o FY 2021 Omnibus Budget Drivers
(As of January 13, 2020)
o FY 2021 Wage and Expense Analysis
o New Items in the FY 2021 Omnibus
Budget
o Revenue Overview (As of January 13,
2020)
o Next Steps
o Questions and Comments
The Budget October November December January February March April May
Process
BOS approves Annual
Operating Budget UDAG Town
DRAFT is sent to BOS Economic Meeting
and Finance Committee Development held on
Budget May 11,
BUDGET PROCESS AND BUDGET Rate Review Union 2020
Town Manager and Committee negotiations Community
CALENDAR Town Accountant meet begins to meet to end Preservation Budget is
Town Manager Capital Budget BOS conducts Tax with Department Heads develop rates for Commission approved
sends out Request Due Classification to fine tune budget upcoming year BOS holds Estimated by Town
Capital Hearing requests Public Revenues take Meeting
The municipal budget cycle starts on Planning Hearing on shape
Directive Capital Planning Capital Planning Major budget Water/Sewer
July 1 and ends on June 30. This is Committee begins Committee finalizes drivers such as /Transfer Annual Town
referred to as a fiscal year. For to meet to review
Capital Planning
budget
recommendations
health insurance,
schools
Station Rates Meeting
Warrant is
example, Fiscal Year ’20 begins on July Budget Requests assessments closed
Town Manager INITIAL PUBLIC begin to take
1, 2019 and runs to June 30, 2020. Begin union sends Operating Operating Budget PRESENTATION OF THE FY shape BOS approves
The Town of Ayer begins budget negotiations Budget Directive requests are due
to Town Manager
2021 BUDGET – JAN. 13
Annual Town
Public
Information
and Finalizes
Budget and
preparation in October/November for and Town Town Accountant begins Meeting Warrant Forum on Annual Town
Accountant for work on revenue is opened Budget – MAR. 9 Meeting
the following July 1. initial review projections, Warrant
water/sewer/transfer
station/ambulance rate Town Election
models is held on the
4th Monday
Town of Ayer Budget Successes
Fund Balance
The Town of Ayer
2019 Free Cash $1,727,437
begins the FY 2021
Budget Process from 2019 Stabilization Fund $2,549,033
a Position of Fiscal 2019 Capital Stabilization Fund $1,960,184
Stability and Financial
2019 Standard and Poor (S & P) Bond Rating AA+/Stable
Strength
S & P Rating Includes Findings of:
Very strong economy. Strong management with good financial
policies and practices. Strong budgetary performance.
Unused Tax Levy Capacity
OPEB Trust Fund has grown
has grown from $2,135 in FY
to $2,000,000 from FY 2015
2012 to $2,695,702 in FY
to FY 2019
2020
Town of Ayer Solar New Metering
Agreement initiated in FY
Health Benefits Buyout
Program initiated in FY 2010
Budget 2013 has saved over $1.1
million or 47% in energy
has delivered $1.1 million in
health benefits expense
Successes costs due to the solar net
metering credits.
budget savings through FY
2020
U.S. Army Grant for Grove Transition to New General
Pond PFAS Plant Insurance Providers resulted
Construction totaling over in savings of $175,000 in
$4.4 million FY 2019
Over $800,000 in
Economic & Community UDAG Fund Balance of
Development Grants over $3 million
Since 2016
Town of Ayer Community
Budget Preservation Fund
Conservation Land Trust
of $544,310
Balance of $1,791,731
Successes
2018 Reorganization of
Town Government
Collection of $100,851
resulting in
in tax title since 2018
consolidation and
efficiencies
Free Cash History
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
Free
$800,000
$600,000
Cash
$400,000
$200,000
History
$0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
($200,000)
Stabilization Fund Balances
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Stabilization Fund Balance
$224,034
2005
$276,694
2006
$286,643
2007
$291,609
2008
$292,398
2009
$277,548
2010
$277,671
2011
$289,332
2012
$262,085
2013
$246,414
2014
$471,244
2015
$637,274
2016
CAPITAL STABILIZATION FUND
$1,152,137
2017
Capital Stabilization Fund Balance
$1,416,737
2018
$1,960,184
2019$15,853,586 FY 2021 Omnibus Budget (As of January 13, 2020)
Level Funded Requests from FY 2020 (Unless otherwise indicated)
2.60% Increase from FY 2020
Contains no new personnel positions
FY 2021 At this early time in the budget process the following key budget drivers are
unknown:
Omnibus • School Assessments (Assessments are due in February 2020)
Overview •
•
Health Insurance (Official rate is not available until February 2020)
Town Hall/Clerical Union Contract (Negotiations currently underway)
• Non-Union Personnel Service Contracts (Negotiations currently
underway)
• Cost of Living Adjustment (COLA) for FY 2021
The FY 2021 Omnibus Budget remains a “work in progress” with budgetary
adjustments underway by the Town Manager and Finance Manager in consultation
with the Department Heads.As of January 13, 2020 what are the FY 2021 Omnibus
Budget Drivers?
• Retirement Assessment: $100,163 (Down considerable from FY 2020)
• Contractual Personnel Increases (Both Non-Union and Union): $350,449
FY 2021 Of these Personnel Increases the majority are from the three public safety
departments:
Omnibus
DPW: $12,924 (Est. Increase as of 1/13/2020)
Budget Drivers Fire: $11,126 (Est. Increase as of 1/13/2020)
Police: $115,484 (Est. Increase as of 1/13/2020)
Regional Dispatch: $231,709 (Note: Subject to 911 Grant
Reimbursement and Shirley Assessment)
• Non-Public Safety Personnel Increases: $22,164FY 2021 Omnibus Budget Drivers
Contractual Personnel Increases (Both Non-Union and Union): $350,449
Health Insurance Increases (13.8% Increase Estimate): $231,311
Retirement Assessment: $100,163
General Insurance (Estimated Increase): $18,641
Stormwater Management Increases (General Fund Subsidy): $12,800
FICA Medicare Increases: $12,500
Total Increases (Estimated): $725,864Omnibus Wages
Expenses
6.54%
2.09%
FY 2021 12.61%
18.05%
7.8%
17.1%
49.5%
Wage and
25.6%
Expense
Analysis 60.71%
General Government Police & Fire
Public works & other public safety Human Services
Wages Benefits
Culture & Recreation
Debt Other expensesNew Items in the FY 2021 Omnibus Budget
Most of the FY 2021 Omnibus Increases are either contractual personnel increases, increases in assessments, insurances, or existing service contracts.
Other New Items in the FY 2021 Omnibus are:
Assessors Map Update: $2,800 Treasurer/Tax Collector Office Renovations/Furniture: $8,500
Increase to Printing Services: $3,500 Town Clerk Book Binding: $1,200
Election Workers Wages: $3,000 Conservation Commission: $3,180 (Beaver Deceiver)
Fire Dept. Ballistic Vests (9): $19,000 (Fire Contract) Tree Management Study: $10,000
Stormwater Management: $12,800
14Revenues
2.1% 3.1%
State aid
5.5%
Tax levy
Revenue
7.1%
Local receipts
Free cash
Other
State aid $970,000
Overview
Tax levy $25,665,512 82.2%
Local receipts $2,224,500
Free cash $1,727,437
Other $651,000
$31,238,449Town Manager and BOS and Fin Com to Ayer Shirley Regional
Nashoba Valley Technical BOS to officially open the
Finance Manager to Review Omnibus Budget School FY 2021 Budget to
High School Assessment to 2020 Annual Town
continue to meet with and Provide any be Presented to BOS/Fin
be released on January 31, Meeting Warrant on
Department Heads to Input/Comments by Com on February 25, 2020
2020 February 18, 2020
refine budgets February 5, 2020 at 6pm
Second Public
Union and Non-Union BOS Public Hearing on BOS to Approve the 2020
Presentation on the Annual Town Meeting to
Contract Negotiations to Setting the Water and Annual Town Meeting
Budget to the BOS/Fin take place on Monday,
Conclude in Sewer Rates Scheduled for Warrant on April 7, 2020
Com on March 9, 2020 at May 11, 2020 at 7pm
February/Early March March 10, 2020 at 6pm at 6pm
6pm
Next Steps in the FY 2021 Budget ProcessQuestions and Further Information For more information about the FY 2021 Budget Please Visit the Town Manager’s “2021 Budget Page” on the Town’s Website at: ayer.ma.us/town- manager/2021-budget For more information, questions, comments, or public input on the FY 2021 Budget Please do not hesitate to contact the Town Manager at (978) 772- 8220 or at tm@ayer.ma.us
You can also read
