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Fiscal Year 2013 Budget Funding

Final
FY 2010
I.

Final
FY 2011

Final
FY 12

Projected
FY 13

AVAILABLE RESOURCES:
TAX LEVY
1

Prior Year Levy Limit plus 2 1/2%

New Growth

50,303,727

52,266,278

54,099,089

56,327,438

687,763

513,322

854,509

600,000

50,991,490

52,779,600

54,953,598

56,927,438

Prop 2 1/2 override


3

Unused Levy

4
5

Debt Exclusions:

Elementary School(Net of SBA)

178,886

340,462

Horace Mann (2,000,000)

158,900

154,650

8
10

Lincoln Street (bond)

611,375

599,513

Horace Mann (bond)/FY 06 premium

461,634

451,508

11

1,410,795

1,546,133

1,468,947

1,375,682

12

52,402,285

54,325,733

56,422,545

58,303,120

28,152,172

26,714,222

26,857,636

26,857,636

727,543

801,929

712,745

574,028

2,177,055

2,089,973

1,938,859

1,938,859

344,298

297,744

310,747

329,647

31,401,068

29,903,868

29,819,987

29,700,170

1,040,348

825,934

825,934

825,934

32,441,416

30,729,802

30,645,921

30,526,104

6,360,000

6,410,000

340,000

340,000

13

STATE REVENUE (Net of Offsets)

14

Chapter 70 School Aid (Net)

15

Charter Tuition/Captial Assessment Reimb

16

School - Other

17

Lottery

18

All Other (net of offsets)

19

Prior Year Overestimates

20
21

School Building Assistance

22
23
24

OTHER REVENUES
Local Receipts - General Fund (+ ambulance receipts 2004) 6,694,305
meals tax

260,000

Medway library shared director revenue


28

hotel/motel FY 12

29

indirects wtr/swr/sw

45,000
400,000

30
31
32
33

Other Available Funds

34

Small Cities Program (Senior Center Debt)

6,999,305

7,192,000

20,000

11,000

7,100,000

6,750,000

Parking Meter Receipts Reserved

Affordabel Housing Gift


Enterpirse Fund (Indirects)

15,000

15,000

955,000

956,000

966,000
350,000

350,000

975,000

982,000

1,331,000

1,343,000

200,000

200,000

200,000

200,000

93,018,006

93,429,535

Free Cash
43
44

Stabilization Fund (Capital Debt)

45

Stabilization Fund (O&M)

46

Overlay Surplus

47

993,000

48
49

TOTAL REVENUES & OTHER FIN SOURCES

95,499,466

96,922,224

52
53 LESS AMOUNTS TO BE RAISED:
54

School Choice (Est.) - Deduction from CH 70

182,742

149,754

159,056

124,941

55

State Assessments (Est.)

358,423

354,973

340,254

366,542

56

County Assessment (Est.)

57

Charter School Assessment

Court Judgement

59

Provision for Abatements & Exemptions (Overlay)

60

Prior year funds to be raised

61

Tax Title

208,100

213,315

213,429

218,765

3,422,629

3,732,262

3,992,883

4,025,050

560,568

513,449

679,478

650,000

4,963,753

5,385,100

5,385,298

4,944
4,737,406

61
63
64 TOTAL AVAILABLE FUNDING FOR BUDGETS

88,280,600

88,266,045
1

88,465,781

90,114,366

91,536,926

65
66 TOTAL
BUDGETS(Recovered).xls
RECOMMENDED
budget
13 REVENUES

88,430,285

90,105,026

91,534,529

4/4/2012

Fiscal Year 2013 Budget Funding


Final
FY 2010

69
70

surplus/unused levy

budget 13 REVENUES (Recovered).xls

Final
FY 2011

14,555

35,496

Final
FY 12
$

Projected
FY 13
9,340

2,397

4/4/2012