Town of Shirley Budget Coordinating

CommitteeInformation Sessions

Sept 15 & 22, 2015

Town of ShirleyAnnual Structural Deficitwithout override in FY17

FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20Appropriations:

Schools 5,305,105 5,658,721 6,046,784 6,796,905 7,455,806 7,891,769 8,413,354 8,972,778 9,572,839 Municipal Government 5,374,645 5,499,281 5,666,741 5,498,734 5,571,718 5,708,996 5,820,907 5,926,362 6,085,336

Total Appropriations 10,679,750 11,158,002 11,713,525 12,295,639 13,027,524 13,600,765 14,234,261 14,899,140 15,658,174

Recurring Revenue:Taxation and Local Receipts 9,512,848 9,666,452 9,817,481 10,410,969 10,880,715 11,187,929 11,519,763 11,854,029 12,243,432 Indirect Costs 90,396 90,396 80,396 80,396 50,132 50,132 50,132 50,132 50,132 Net State Aid 1,093,032 1,181,037 1,233,624 1,278,012 1,323,272 1,353,509 1,384,503 1,416,271 1,448,833

Total Raise & Appropriate 10,696,276 10,937,885 11,131,501 11,769,377 12,254,119 12,591,570 12,954,398 13,320,432 13,742,397

Other Available Funds (revolving, etc.) 72,411 72,411 65,425 58,589 70,603 55,556 55,556 55,556 55,556

Total Recurring Revenue 10,768,686 11,010,296 11,196,925 11,827,966 12,324,722 12,647,127 13,009,954 13,375,988 13,797,954

Structural Deficit 88,936 (147,706) (516,600) (467,673) (702,802) (953,639) (1,224,307) (1,523,152) (1,860,221)

Notes: Free Cash is not included in recurring revenue

Annual Structural Deficit Without Override for FY17

MCI Mitigation MoneyFY05 through FY15

FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY150.00

50,000.00

100,000.00

150,000.00

200,000.00

250,000.00

300,000.00

State Aid Received for Town General Govt. Budget

FY20

00

FY20

01

FY20

02

FY20

03

FY20

04

FY20

05

FY20

06

FY20

07

FY20

08

FY20

09

FY20

10

FY20

11

FY20

12

FY20

13

FY20

14

FY20

15 $-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

(State Aid for Education is not in these figures )

Gen

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Ben

efits

11

¢

Town of ShirleyYour Tax Dollar - Where it

Goes Based on FY2015 Budget

Tax Payer ReceiptFY2015 Taxes assessed as of January 1, 2014

Average Single Family Home Value$256,376

Department Items Purchased Amount

GENERAL GOVERNMENTfinance, administration, & technology services, public buildings maintenance

$391.36

PUBLIC SAFETYpolice, fire, communications,

inspectional services$491.99

EDUCATIONRegional School Assessments: Ayer-

Shirley & Nashoba Tech.$2,297.95

PUBLIC WORKSroad & grounds maintenance, curbside

pickup$162.00

HEALTH & HUMAN SERVICESpublic health services, senior center,

veterans benefits$63.76

CULTURE & RECREATION public library services $76.99DEBT SERVICE administration costs $32.87

GEN. INSURANCE & EMPLOYEE BENEFITSliability insurance, unemployment,

retirement, employee health insurance$492.81

DEBT EXCLUSION- LIBRARY library building construction $23.07

DEBT EXCLUSION- MIDDLE SCHOOL school building construction $130.75

DEBT EXCLUSION- JUNE 2011authorized capital projects and

purchases$110.24

DEBT EXCLUSION- ASRSD HIGH SCHregional high school renovation

project$164.08

  Total Paid $4,437.87

Thank you for supporting our municipality!

FY15 Tax Rate Analysis

Operating Debt Exclusion Debt Exclusion Debt Exclusion Debt Exclusion TotalBudget Levy Library Middle School June 2011 ASRSD High Sch Taxes Levied

Levy Amount 8,906,344.92$ 52,854.77$ 289,013.95$ 245,872.94$ 364,818.00$ 9,858,904.58$ Rate/$1000 15.64$ 0.09$ 0.51$ 0.43$ 0.64$ 17.31$

Breakdown1.53$ 1.92$ 8.96$ 0.63$ 0.25$ 0.30$ 0.13$ 1.92$

15.64$

* Assumes all other funding sources applied equally over operating budget budget before tax levy

General GovernmentPublic Safety

Debt ServiceGen. Insurance & Employee BenefitsTotal

EducationPublic WorksHealth & Human ServicesCulture & Recreation

Debt Exclusion- Library $52,854.77 Debt Exclusion- Middle School $289,013.95 Debt Exclusion- 06/28/11 prev. capital auth $245,872.94 Debt exclusion- ASRSD High

School Project $364,818.00

General Government $1,094,967.39

Public Safety $1,377,167.29

Education $6,432,087.00

Public Works $453,119.44

Health & Human Services $178,397.70

Culture & Recreation $215,746.83

Debt Service Not Excluded $91,816.25

Gen. Insurance & Employee Benefits $1,378,985.94

FY15 Shirley Tax Rate Breakdown

Shirley FY15 Single Family Tax Bill Compared to Area Towns

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leto

n

Gro

ton

Ha

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rd

$-

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000 $

3,9

82

$4

,16

1

$4

,31

1

$4

,43

8

$4

,44

3

$4

,51

3

$5

,46

9

$6

,72

4

$7

,27

9

$9

,30

1

Ave. Single Family Home Tax Bill

Questions, Comments and Suggestions.

Thank you to the Assessors Office, Town

Accountant and the Board of Selectmen’s Office for

the data used in this presentation.