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Draft 3 <br /> 31512014 <br /> To see if the Town will vote to appropriate $416,998 for the operation of the Kids <br /> Klub Enterprise Fund for FY 2015; such sums to be raised from $416,998 in <br /> receipts of the Enterprise, or take any other action relating thereto. <br /> Submitted by the Recreation Department <br /> Estimated Revenues <br /> Registration Fees $5,160 <br /> Tuition $411,338 <br /> Toddler Program (20%) <br /> 3 & 4 YO Daycare (30%) <br /> Pre-School Program (40%) <br /> Pre-School Camp (10%) <br /> Investment Income $400 <br /> Late Fees $100 <br /> Total Budgeted Revenue $416,998 <br /> Estimated Expenses <br /> Salary (full time) $204,631 <br /> Salary (part time) $85,389 <br /> Benefits (health, life, Medicare) $40,000 <br /> Building Expenses $86,978 <br /> Total Budgeted Expenses $416,998 <br /> Net Profit/Loss $ 0 - <br /> Explanation: The proposed Recreation Enterprise budget for next year will <br /> authorize the Department to operate a Toddler/Pre-School Program as a self- <br /> sufficient, self-funded operation. All costs related to the operation of the program <br /> are projected to be offset by the program revenues. All surpluses of this account <br /> at the end of the year will remain within the account. <br /> Article 8 <br /> To see if the Town will vote to borrow or transfer from available funds $ to <br /> provide for road improvement projects under the Chapter 90 program, or take <br /> any other action relating thereto. <br /> Submitted by the Department of Public Works <br /> Explanation: This article authorizes use of funds which will be 100% <br /> reimbursed by the Commonwealth of Massachusetts. The budget approved <br /> each fiscal year by the Legislature and Governor establishes the total funding <br /> available for Chapter 90 local transportation aid for that year. These funds are <br /> then apportioned to the 351 Massachusetts towns and cities. <br />