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Budget Note 7c Fire Department: (+$41,169)'
<br /> Collective bargaining negotiations have just concluded with departmental employees for fiscal years
<br /> . 2008, 2009, and 2010. A new round of negotiations will begin as of July 1. The increase in the
<br /> departmental budget of$41,169 can be attributed to increases in recall wages necessary to maintain
<br /> -w6 minimum staffing levels,which, in part, are the result of 3 unfilled vacancies and one long-term injury in
<br /> t;�: l t;.• , a the departmental staffing.
<br /> a ± Budget Note 8 Total'Public Safety`and Enforcement Agencies Appropriations '( $34'586)
<br /> "�
<br /> ' The appropriations for the public safety departments have been reduced by$34,586, or 0.5%, from the
<br /> budgets approved at last May's Town Meeting. ,r
<br /> „ Budget Note 9 School Department: (-$372,661)
<br /> While the School Committee has accepted the Town Manager's budget of$18,260,434, a resident petition
<br /> filed by School Committee members as individuals has been submitted requesting$450,000 from the Tax
<br /> Stabilization Fund to off-set the reductions from the FY 2010 budget. See Article 21.
<br /> Budget Note 1O: Total Other Departmental Appropriations::(-$351,136)
<br /> 3 The appropriations in this category,which includes the School Department,Public Library, Historical
<br /> Society, Cultural Council and Sewer Commission,have been reduced by$351,136, or 1.9%, from FY
<br /> 2010 appropriations.
<br /> Budget Note 11:'Interest and`Principal on Debt; (-$224;110)
<br /> In 2008, the town sold bonds to pay the capital cost of constructing the new fire sub-station ($2,100,000)
<br /> and for the purchase of 80 acres of land on Route 130 owned by the St.Vincent's Home Corporation
<br /> ($2,145,000). The addition of these two capital appropriations boasted the debt service for FY'10 to
<br /> $4,795,607. No additional debt was created in 2009 which will result in debt payments in the FY 2011
<br /> budget of$4,571,497, ora reduction of$224,110. The next major capital expense to come on will be the
<br /> a ,u"
<br /> debt for the $5.5 million public library building. The present debt schedule,without the library, is
<br /> presented below by Fiscal Year through 2028. You will note the big drop in the debt schedule occurs in
<br /> FY 2018 when the debt to construct Mashpee High School is paid off.
<br /> DEBT PAYMENTS/BALANCE BY FISCAL YEAR(AFTER 2008 BONDING)
<br /> ANNUAL COST OF PRINCIPAL AND INTEREST ON CAPITAL DEBT
<br /> FISCAL YEAR PRINCIPAL DUE INTEREST DUE TOTAL DEBT PAYMENTS EXPLANATION
<br /> e
<br /> h 2011 3,302,273 1,179,222 4,481,495
<br /> ILII 2012 3,287,143 1,029,565 4,316,708
<br /> 2013 3,154,319 898,023 4,052,342
<br /> 2014 3,145,113 760,153 3,905,266
<br /> 2015 3,117,318 626,292 3,743,610
<br /> 2016 2,958,749 481,575 3,440,324
<br /> 2017 2,410,013 352,577 2,762,590
<br /> MIMI _ ... 274,820 n . . X ..�:S � Akl'E1=H S,yPAID OFF J
<br /> 2019 986,778 233,338 1,220,116
<br /> 2020 883,391 195,231 1,078,623
<br /> 2021 874,858 159,613 1,034,470
<br /> 2022 833,796 125,319 959,115
<br /> 2023 638,796 95,569 734,365
<br /> 2024 658,384 71,006 729,390
<br /> 2025 513,384 46,263 559,647
<br /> wy 2026 498,500 25,438 523,938
<br /> 2027 225,000 10,013 235,013
<br /> 2028 110,000 2,475 112,475
<br /> TOTALS $28,593,095 $6,565,689 $35,158,785
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<br /> N
<br /> „PENDING e; $5,500,000 ! $2,598,750 $8,088,750 NEW PUBLIC LIBRARY„
<br /> 4/5/2010
<br /> y 10
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