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Article 10 <br /> To see if the Town will vote to appropriate $405,556 for the operation of the Kids Klub <br /> Enterprise Fund for FY 2016; said sums to be raised from $405,556 in receipts of the Enterprise, <br /> or take any other action relating thereto. <br /> Submitted by the Recreation Department <br /> Estimated Revenues <br /> Registration Fees $ 3,700 <br /> Tuition $401,000 <br /> Toddler Program (20%) <br /> 3 & 4 YO Daycare (30%) <br /> Pre-School Program (40%) <br /> Pre-School Camp (10%) <br /> Investment Income $ 256 <br /> Late Fees $ 100 <br /> Total Budgeted Revenue $405,556 <br /> Estimated Expenses <br /> Salary (full time) $245,925 <br /> Salary (part time) $ 52,000 <br /> Benefits (health, life, Medicare) $ 42,500 <br /> Building Expenses $ 65,131 <br /> Total Budgeted Expenses $405,556 <br /> Net Profit/Loss $ - 0 - <br /> Explanation: <br /> 0 -Explanation: The proposed Recreation Enterprise budget for next year will authorize the <br /> Department to operate a Toddler/Pre-School Program as a self-sufficient, self-funded operation. <br /> All costs related to the operation of the program are projected to be offset by the program <br /> revenues. All surpluses of this account at the end of the year will remain within the account. <br /> The Board of Selectmen recommends approval by a vote of 5-0. <br /> The Finance Committee recommends approval by a vote of 6-0, 1 absent. <br /> Motion made by Selectman Michael Richardson. <br /> Motion: I move the Town vote that the following sums be appropriated for the Kids Klub <br /> Enterprise Fund for FY 2016: <br /> Personnel $297,925 <br /> Benefits $ 42,500 <br /> Operating Expense $ 65,131 <br /> TOTAL $405,556 <br /> And said $405,556 be raised through departmental receipts of the enterprise. <br /> Motion passes unanimously at 8:02 PM. <br /> 14 <br />