Town Of Weston First Selectman's Budget - Town of Weston, CT ...

Budget Goals Recognize economic reality Property tax stability Maintain necessary town services Improve our physical infrastructure Reflect our community values Zero-based approach

Economic Indicators How are our residents doing? How is the Town doing?

Weston Unemployment Statistics6.00%5.00%5.40% 5.30%4.70%4.00%3.00%3.10%2.70%3.50%2.00%2.60%1.00%0.00%2005 2006 2007 2008 2009 2010 2011* Source: Connecticut Department of Labor December Statistics

Social Services Statistics25020018019521022721215010096 100110 108505569 77 6302008 2009 2010 Jun-11 Dec-11Total Households Total in Financial Need Households w/Children in FN

Foreclosures and Short Sales30252725232015131410854302008 2009 2010 2011Final ForeclosuresShort Sales

History of New Construction30,000,00025,000,00020,000,00015,000,00010,000,0005,000,00002005 2006 2007 2008 2009 2010 2011Construction ValueNumber of Permits4035302520151050

History of Additions and Remodeling25,000,00020,000,00015,000,00010,000,0005,000,00002005 2006 2007 2008 2009 2010 2011Construction ValueNumber of Permits180160140120100806040200

History of Swimming Pool andOutbuildings Construction4,500,0004,000,0003,500,0003,000,0002,500,0002,000,0001,500,0001,000,000500,00002005 2006 2007 2008 2009 2010 2011Construction ValueNumber of Permits706050403020100Note: Does not include the 107 new generators installed in 2011

Annual Grand List Growth2.50%2.30%2.20%2.00%1.90%1.90%1.50%1.00%0.50%0.42%0.20%0.50%0.70%0.00%2006 2007 2008 2009 2010 2011 2012 2013Percent Increase

% of 2012-13 proposed budget 13.2%FY 2011-12 Budget ForecastORIGINALBUDGETPROJECTEDACTUALSURPLUS/DEFICITREVENUES 64,125,783 64,886,465 760,682LESS:TOWN EXPENDITURES 11,184,216 11,201,782 (17,566)BOE EXPENDITURES 45,166,337 45,166,337 0DEBT SERVICE 6,748,200 6,748,200 0CAPITAL BUDGET 1,027,030 1,027,030 0____TOTAL EXPENDITURES 64,125,783 64,143,349 (17,566)REVENUES MINUS EXPENDITURES 743,116 743,116UNASSIGNED FUND BALANCE AS OF 6/30/11 8,112,718Less: Est. Supplemental Appropriations (250,000)FUND BALANCE FORECAST FOR 6/30/12 8,605,834

Fund Balance History(percent of budget)10,000,0009,000,0008,000,0007,000,0006,000,0005,000,0004,000,0003,000,0002,000,0001,000,000-2005 2006 2007 2008 2009 2010 2011 2012Column1Percent of Budget18.0%16.0%14.0%12.0%10.0%8.0%6.0%

TOWN OPERATING BUDGETFiscal Year 2012-2013

Breakdown of Expenditures2012-2013$571 (5%) $414 (4%) GENERAL GOV'T$304 (3%)$2,287 (20%)$1,775 (15%)$2,414 (21%)$2,455 (21%)INSURANCEPENSION & FICAPUBLIC SAFETYPUBLIC WORKSHEALTH/ENVIRON.HUMAN RES./DEV.PARKS & REC$(‘000)$1,206 (11%)

Increases to the Town Operating Budget 5 categories represent 95% of the proposed increase:• Health Insurance ($180,000)• Worker’s Comp ($17,000)• Pension ($14,000)• FICA ($10,000)• OPEB ($8,500) The remaining 5% of the proposed increase isspread over the remaining categories, including:• Elections ($4786)• Fire Department ($5,609)

Health Insurance, Pension andOPEB Costs3,000,0002,800,0002,600,0002,400,0002,200,0002,000,0001,800,0001,600,0001,400,0001,200,0001,000,0002007 2008 2009 2010 2011 2012 2013Total Cost ($)

Decreases to the Town Operating Budget Solid Waste ($24,027) Parks and Fields ($8,992) Middle School Pool ($6,978) Elimination of .4 FTE in Youth (Social) Services($24,600)

Town Operating BudgetPercent Change Year over Year8.00%7.00%6.80%7.10%6.00%5.00%4.70%4.90%4.40%4.60%4.00%3.60%3.00%2.00%1.50%1.70%1.90%2.20%1.00%0.00%2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013Percent Change

CAPITAL BUDGETFiscal Year 2012-2013

Capital BudgetItemAmountTown Vehicle Sinking Fund 342,000Town Bridge Repair 200,000Assessor-Revaluation 60,000Town Building Repairs 50,000Road Reclamation 255,000Town Hall Space needs Study 40,000MS Wetland Remediation 90,000DPW Sprinkler 75,000P&R Bisceglie Infield 10,000BOE/P&R Turf Replacement Fund 25,000BOE MS Library Space Renovation 113,600BOE Paving HES 72,160BOE Pool Area HVAC 192,000BOE UV Treatment System (Pool) 35,358BOE Drainage Study 30,000BOE Locker Room Renovation 15,000BOE 2 Accessible Rest Rooms 27,120Gross Total: $1,632,238-Offset: $ 215,455Net Total: $1,416,783

Capital BudgetBudget Drivers:• Necessary infrastructure maintenance• Road reclamation (Treadwell, Greenfield and Winthrop)• Pent Road Bridge• Wetlands Mitigation Project• Middle School Pool and Locker Room• Total Gross Budget Increase is $605,208; These 4 items total $787,358Budget Changes:• Introduction of the Town Vehicle Sinking Fund to fund all vehicle requests• Separate the funding for vehicles from the purchasing which should save usmoney down the road.• Use of Capital Reserve and Special Funds Offset.

Capital Budget History$2,500,000.00$2,000,000.00$1,500,000.00$1,000,000.00$500,000.00$0.002005 2006 2007 2008 2009 2010 2011 2012 2013Total Dollars

REVENUE OUTLOOKFiscal Year 2012-2013

RevenueTotal anticipated revenue increase of $87,086 Local Revenues – anticipated decrease of $67,100• Decreases in building fees, real estate conveyance fees andTown Clerk fees State Aid- anticipated increase of $154,000• Town Road Aid – proposed level funding• ECS Grant- proposed level funding

Revenue Breakdown 2012-2013 (%)5%1%2%1%REAL ESTATE TAXPERS. PROP./AUTO TAXDELINQ. TAXES/INTERESTSTATE AID91%LOCAL NON-TAXREVENUE

Tax Collection RatesActual vs. Effective (%)10099.59998.59897.5972005 2006 2007 2008 2009 2010 2011 2012 2013Actual Effective BudgetedbudgetNote: The effective rate takes into account the impact of exemptions and abatements

TOTAL TOWN BUDGETINCLUDING SCHOOLSFiscal Year 2012-2013

Breakdown of Total Town ExpendituresFY 2012-20136,140 (9%)485 (1%)11,426 (17%)677 (1%)1,147 (2%)TOWN OPERATINGTOWN DEBT SERVICETOWN CAPITALB.o.E. OPERATINGB.o.E. DEBT SERVICEB.o.E. CAPITAL45,587 (70%)$(,000)

Budget History$ CHANGE % CHANGEFY 11 FY 12 FY 12 FY 13 FY 12 to FY 13 FY 12 to FY 13(forecast)TOWN OPERATING BUDGET 10,980,431 11,184,216 11,201,782 11,425,652 241,436 2.16%BOE OPERATING BUDGET 44,697,023 45,166,337 45,166,337 45,587,192 420,855 0.93%TOTAL OPERATING BUDGET 55,677,454 56,350,553 56,368,119 57,012,844 662,291 1.18%TOWN CAPITAL BUDGET 732,200 672,500 672,500 1,147,000 474,500 70.56%BOE CAPITAL BUDGET 0 354,530 354,530 485,238 130,708 36.87%LESS: Special Funds Offset (50,000) (50,000) N/ACapital Reserve Offset (165,455) (165,455) N/ATOTAL CAPITAL BUDGET 732,200 1,027,030 1,027,030 1,416,783 389,753 37.95%DEBT SERVICE - TOWN 875,535 790,885 790,885 676,834 (114,051) -14.42%DEBT SERVICE - BOE 5,957,234 5,957,315 5,957,315 6,140,066 182,751 3.07%LYONS PLAINS FIRE HOUSE 300,000 0 0 0 0 N/ALESS: Debt Service Proceeds (167,195) (167,195) N/ATOTAL DEBT SERVICE 7,132,769 6,748,200 6,748,200 6,649,705 (98,495) -1.46%TOTAL GROSS BUDGET 63,542,423 64,125,783 64,143,349 65,079,332 1,120,744 1.75%LESS: REVENUES 2,473,166 2,581,480 2,581,480 2,668,566 87,086 3.37%TOTAL NET BUDGET 61,069,257 61,544,303 61,561,869 62,410,766 866,463 1.41%GRAND LIST 2,622,554,567 2,635,349,349 2,635,349,349 2,652,479,120 17,129,771 0.65%BUDGETED MILL RATE 23.86 23.94 N/A 24.11 0.17 0.71%

Mill Rate IncreaseYear over Year (%)9.00%8.50%8.00%7.50%7.00%6.50%6.00%5.50%5.00%4.50%4.00%3.50%3.00%2.50%2.00%1.50%1.00%0.50%0.00%Revalyear2004 2005 2006 2007 2008 2009 2010 2011 2012 2013Mill rate increase

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