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FY 2015 BUDGET
<br /> (Town Mgr Recommendations as of 2/27/14 with Governors Proposal)
<br /> PROJECTED FISCAL YEAR 2015
<br /> ANALYSIS OF AVAILABLE REVENUES
<br /> I. SOURCES OF FUNDS FY 2013 FY 2014 FY 2015
<br /> Budget Budget Budget
<br /> A. GENERAL GOVERNMENT
<br /> 1. Cherry Sheet Estimates
<br /> a. Resolution Aid(Chapter 70) $4,271,711 $4,316,511 $4,359,861
<br /> b: Education Offset Items $7,102 $7,618 $7,651
<br /> c. Charter Tuition Reimburse $212,955 $167,703 $111,927
<br /> d. Charter School Capital Facility $0 $0 $0
<br /> e. School Choice $157,707 $287,912 $231,545
<br /> f. Reimbursements (School Construction) $944,440 $944,440 $944,440
<br /> g. Library Offset $13,734 $14,466 $14,886
<br /> h. Lottery and Other Aid $860,909 $896,297 $851,000
<br /> $6,468,558 $6,634,947 $6,521,310
<br /> LESS:
<br /> Direct Offsets:Education &Lib. $20,836 $22,084 $22,537
<br /> School Choice Tuition $157,707 $287,912 $231,545
<br /> Cherry Sheet Assessment $1,465,759 $1,740,746 $1,665,202
<br /> .Total: $1,644,302 $2,050,742 $1,919,284
<br /> Net Estimated State Revenues $4,824,256 $4,584,205 $4,602,026
<br /> State Aid Reserved
<br /> Total Cherry Sheet- State $4,824,256 $4,584,205 $4,602,026
<br /> -1.55% -4.98% 0.39%
<br /> 2. Non-Property Tax Local Revenues
<br /> Local Estimated Receipts - General $ 2,344,000 $ 3,057,067 $ 2,800,000
<br /> Receipts Reserved for Appropriation $ 50,000 $ 70,000 $ 70,000
<br /> Ambulance Receipts $ 593,987 $ 512,465 $ 613,225
<br /> Other Sources/Betterment Reserve $ 357,044 $ 375,917 $ 689,126
<br /> Cable Funds for Operating Budget $ 15,600 $ - $ -
<br /> CPA Funds (formerly Land Bank) $ 930,135 $ 898,176 $ 860,020
<br /> Medicaid Reimbursement $100,000 $150,000 $100,000
<br /> Total Non-Property Tax Local Revenue $4,390,7661 $5,063,625 $5,132,371
<br /> 2/27/2014 1:36 PM
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