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Revenue and Expenditure Details-Three Neighborhoods-High <br /> Market values/Proposed Development Scenarios-most of the revenues <br /> der,iving from property and hotel/motel taxes. off set revenue <br /> are not included. <br /> r. Storrs asked Mr. Bronow to explain "Cherry Sheet" ,, which <br /> is State money given to the Town based upon certain formulas. <br /> Operating Expenditures-Public Schools, Fire and Rescue, <br /> Police, Town Departments, and Public works. Approximately sixty <br /> o students will be generated from this site. <br /> Ir. Fudala asked what had been included in the school costs. <br /> Mr. Bronow answered, the school operating budget divided by the <br /> current number of students. Mr. Bronow made reference to the K- <br /> 12 Budget within the Level of Service Document, $11.4 million <br /> dollars including salaries, purchase of services, supplies, other <br /> charges, out-o f-vstate. travel., etc. <br /> Mr. Fudala noted all of the school costs are not deflected <br /> within the school operating budget. Mr. whriteno r agreed here <br /> are a number of school costs that are not included within the <br /> school budget, such as teacher' s health insurance. These costs <br /> are indicated within a separate report entitled, "Schedule <br /> Form" which is filed on a yearly-basis with the state. Mr. <br /> Bronow stated this information has been accounted for. The <br /> average cost per student, $5, 750 . 00 the new students generated <br /> from the project, which equals the cost of $363, 000 . 00 . (There <br /> was brief discussion regarding the Town Budget. 1 r. . Bronow <br /> suggested the $5, 750 . 00 nu ber be re-examined. <br /> Non-Departmental Cost-The 14 . 8W figure shown in more detail <br /> and outlined within the document. Mr. Bronow mentioned that some <br /> of the figures are fixed Police Chief salary) , whereas the <br /> Patrol officers salaries will increase. <br /> Capita. Expenditure -one time expenditures as growth occurs, <br /> such as public schools, fire and rescue. schools are considered <br /> to be ,a "debt service,, which increases based on a per student <br /> capital. cost, (There was some discussion regarding the <br /> projections for the M&shpee High School. ) <br /> Mr. Storrs commented that capital costs for the number of <br /> students included in the Ma tepee Commons Master ter Flan have been <br /> accounted for. lir. Bronow stated he has based the school capital. <br /> costs on the $21 million dollar High School . <br /> Mr. Bronow continued by explaining that all of the capital <br /> is included in the operating budget. The Police Department has <br /> informed hire there is no meed for a new sub-Station, whereas the <br /> Fire Department has indicated the4meed for a new Fire Station, #. <br /> which has been considered to be a lame capital item. <br /> -5- <br />