HomeMy WebLinkAbout2011-03-23 Finance Committee PacketThe Town of Reading - FINCOM budget meeting http://www.readingrna.gov/Pages/ReadingNIA_MeetingCal/SO1689C5...
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FINCOM budget meeting
Wednesday, March 23, 2011 at 7:00 PM
RMLD conference room
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Ali,
Retirement Myth
"The Town of Reading is generous to employees by
offering a pension system."
t"? Retirement Myth
"The Town of Reading is generous to employees by
offering a pension system."
Retirement Fact
Retirement Myth
"%blic Pension System Employees already get a good
retirement benefit from social security."
This is in accordance with the requirements of MA state
law. Eligible Teachers belong to the MA Teachers'
Retirement System and eligible other employees
belong to the Reading Contributory Retirement
System.
k Retirement Myth
public Pension System Employees already get a good
retirement benefit from social security."
Retirement Fact
In Massachusetts, public sector employees are not
eli ible for social security benefits, unless they
qualified in the private sector from another job. If so,
they will lose 55% of their first tier social security
benefits (about $4,500/year).
Retirement Myth
"The Public Pension System is Free for Public
Employees, and the cost is borne by the taxpayers."
Employee Contribution for Active
Members
Contributions by Employees hired
• 1996-2009 9% of their pay plus 2% of pay over $30,000
SSI 6.2%
• 1984 to 1996 8% of their pay plus 2% of pay over $30,000
SSI 5.7%
• 1975 to 1984 7% of their pay plus 2% of pay over $30,000
SSI 4.9% to 5.4%
• Before 1975 5% of their pay
ssI 1.0% to 4.8%
'V Retirement Myth
"The Public Pension System is Free for Public
Employees, and the cost is borne by the taxpayers."
Retirement Fact
Today, Reading employees hired under age 30 that stay
for 25 years will through a payroll deduction plus
actuarial investment return assumptions pay more
than the expected value of their retirement benefits.
ellb, System Cost for Active Members
Contribution as a percentage of payroll for active
employees
Town operations only (no enterprise funds)
-Total Required Contribution*
15.1%
• Employee Contribution
9.0%
• Town Contribution
6.1%
Comparison to Social Security
-Total Social Security Contributions
12.4%
• Employee Contribution
6.2%
• Employer Contribution
6.2%
-Note the Employee share is increasing and the Town share is decreasing
2
€ Retirement Myth
"While the current rules have changed, I wish I was a
typical Reading Retiree. I'd be living on Easy Street."
Reading Contributory
Retirement System
• Membership required for all employees 1690+ hrs/yr (32.5/wk)
• Teachers covered by separate MA Teachers system
• Public Employee Retirement Administration Commission
• MGL Ch. 32 establishes/go'verns local retirement boards
• Reading Retirement Board - 5 members
• Retirement eligibility:
- Age 55 or older with minimum 10 years of service
- Any age with minimum 20 years of service
• Benefits based on combination of age + service
• Pension Reserves Investment Trust Fund - all State, Teachers
and local systems that choose (or are forced) to invest
Retirement Myth
"While the current rules have changed, I wish I was a
typical Reading Retiree. I'd be living on Easy Street."
Retirement Fact
In 2009 (the date of the last actuarial study) the average Town
of Reading retirement pension paid was $22,224.
As of February 2011, the pension payout distribution is:
38% $ 0 to $12,000
41% $12,000 to $30,000
17% $30,000 to $50,000
4% $50,000 to $85,000
Membership
• Active members by Department:
• Town and School 256
• RMLD 76
• Enterprise & Other 24
• Total 356(53%)
• Retirees by Department:
• Town and School 250
• RMLD 57
• Enterprise & Other 10
• Total 317(47%)
3
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System Cost for Active Members
Contribution necessary to meet the actuarially
determined retirement amount for current employees
Town' operations only (no enterprise funds)
• Total 2009 contribution required* $ 2,111,003
• Employee contributions $1,267,224
• From Town General Fund $ 843,779
General Fund 2009 pension assessment $2,653,102
• To fund current employees $ 843,779
• To fund retired employees $ 1,809,323
*Nate the Employee share is Increasing and the Town share is decreasing
Savings Accumulated for
Active Members and Retirees
Reading System - Projected to be fully funded
in 2028 (requirement is by 2040);
Mass plans were not actuarially funded for the
first 40 years;
Despite the 2008 financial Collapse, as of June
30, 2009
• 36% of Mass Retirements Systems are
over 75% funded
• 93% of Mass Retirements Systems are
over 50% funded.
Savings Accumulated for
Active Members and Retirees
• System Totals at June 30, 2009
• Actuarial determined Liability $121,918,411
• Accumulated Savings $ 83,167,202
• Unfunded Liability $ 38,751,245
• Percent Funded at June 30,
• 2005 69.96%
• 2007 75.69%
• 2009 68.22%
Massachusetts Teachers' Retirement
System (MTRS)
• Employees must meet 4 eligibility criteria in order to participate
in Mass Teachers' Retirement System:
- Position
- Certification
- Contract
- Status
• M.G.L. Chapter 32, Sec 1 defines "Teacher" to also include the
following:
- School Social Worker, Adjustment Counselor, Psychologist
- Principal or Assistant Principal
- Superintendent or Assistant Superintendent
4
Massachusetts Teachers' Retirement
System (MTRS)
• MTRS Retirement Benefits are based on 3 factors: age on
retirement date, years of creditable service, and average of your
highest 3 consecutive years' salaries
• Retirement Eligibility:
- 20 years of creditable service, regardless of age, or
- at least age 55 plus 10 years of creditable service
• MTRS contribution rate is 11%. This contribution is made by the
employee with no contribution made by the school or town.
Dz=
2009/2010 Retirement Reforms
• Employees who make less than $5,000 annually do not get any
creditable service;
• Dual System wages are not longer added together to calculate a
benefit. The benefit from each position is calculated separately;
• Accidental Disability Pensions will be based on 12 month avg.
before the disability, not the pay on the day of the injury;
• Elected officials are no longer eligible for Termination Allowance
benefits if they do not get re-elected;
• Consulting and Independent Contractor work is subject to the
Post Retirement Earnings limitation of 960 hours or the
difference between retirement benefit and the pay of the job
the employee retired from;
• Earnings subject to retirement will be capped.
O
Other Post Employment Benefits
• OPEB = Liability for the cost of health insurance or other
benefits for retirees
- Retirement eligibility: 32.5+ hrs/wk
- Health insurance eligibility: 20+ hrs/wk
• Actuarial Liability as of June 30, 20D8 is $87,562,273;
• Ch 32B sec 20 - A city, town, district, county or municipal
lighting plant that accepts this section, may establish a separate
fund, to be known as an Other Post Employment Benefits
Liability Trust Fund, and a funding schedule for the fund;
• Funds shall be invested and reinvested by the custodian
consistent with the prudent investor rule set forth in chapter
203C.
2011 Proposed Retirement Reforms
• Raise earliest retirement age from 55 to 60 and full benefit age
from 65 to 67. Group 4 (Public Safety employees) would
change from earliest retirement age from 45 to 50 and full
benefit.age from 55 to 57;
• Use 5 highest years pay for benefit calculation Instead of 3;
• Eliminate Termination Early Retirement benefit for people who
were terminated through no fault of their own;
• Pro-rate benefits for people who move amongst Groups based
on time spent employed in the Group;
e Implement "Anti-spiking " Rules. Last 2 years of pensionable
earnings cannot increase more than 7% plus inflation;
• Eliminate "Double-Dipping" for elected officials. They can no
longer collect a pension while being paid for service as an
elected official.
5
a: ft, Health Insurance Myth
"The Town of Reading is generous to employees by
offering health insurance."
Health Insurance Myth
"The Town of Reading is generous to employees by
offering health insurance."
Health Insurance Fact
MGL Chapter 32B sets the requirements the Town must
follow in administering health and life insurance
programs to eligible employees and retirees and their
spouses and dependents.
Reading accepted this Chapter on March 4, 1957.
91 Health Insurance Myth
"Health Insurance is Free for Public Employees and the
cost is borne by the taxpayers."
~ 011 Health Insurance Myth
"Health Insurance is Free for Public Employees and the
cost is borne by the taxpayers."
Health Insurance Fact
Employees and Retirees pay 29% of the premium costs
through payroll deductions. In addition, several plan
changes have been made in recent years to reduce
the cost of premiums and shift additional out-of-
pocket expenses to the employees.
*
Surrounding Towns
l 2011 survey by Stoneham Board of Selectmen
• Average employee share Is 25% of Towns surveyed;
• In all cases the employee share used was the highest if the
share changed among different products. For example in one
Town
- HMO employee pays 20% - enrollment is 50%
- PPO employee pays 30% - enrollment is 50%
- Avg employee pays 25%, but in the survey this Is reported
as 30%
• Maximum Employee/Retiree share by state law is 50%
• Three lowest employee shares are all in the GIC (Saugus 10%,
Melrose 13% and Stoneham 15%)
~kffi Health Insurance Myth
"The Town of Reading should change to the State GIC
and save a substantial amount of money."
Health Insurance Fact
We investigated all of the options a few years ago, and
a new three-tiered "GIC-like" program offered by
MIIA was the cheapest option for the Town. Reading
became the first participant in this plan, and spent
nearly $600,000 less in premiums than had been
budgeted as if no changes occurred.
Health Insurance Myth
"The Town of Reading should change to the State GIC
. and save a substantial amount of money."
=4011
Comparison with the GIC
FYi2 Full Monthly Cost
GIC Tufts Health Navigator Ind: $590 Fam: $1,440
Preventative: $0 Specialists: $25, $351 $45
Emerg. Room: $100/visit Inpatient: $300, $700
Prescription Drug Retail: $10, $25, $50 Mail-in: $20, $50, $110
FY11 Full Monthly Cost
SCBS HMO Network Blue Ind. $569 Fam: $1,525
Preventative: $10, $15, $20 Specialists: $25
Emerg. Room: $50/visit Inpatient: $200, $400
Prescription Drug Retail: $10, $20, $40 Mail-in: $20, $40, $90
2
0
Comparison with the GIC
Key: What does the Town's share of the premiums cost?
Three GIC communities surveyed pay 87.3% of GIC premiums:
Cost to communities: Ind. $515 Family: $1,257
Reading pays 71% of BCBS premiums:
Cost to Town: Ind. $458 Family: t1.229
(assume M2 is +13.5% vs. FY11 on previous slide)
OD
Health Insurance Myth
"Health Insurance is a Municipal budget-buster."
Health Insurance Fact
This myth is true!!
In FY11, Reading spent 10% of it's budget on health
insurance and the national 9% annual increase is not
affordable given the Town's revenue constraints.
However, we are not alone
Health Insurance Myth
"Health Insurance is a Municipal budget-buster."
V M What percent of your FY11 budget
is health insurance?
February 2011 survey by Stoneham Board of Selectmen
Peabody
20%
Walpole
12%
Beverly
17%
Canton
121/6
Wakefield
16%
Newburyport
12%
Melrose
14.6%(GIC)
Wilmington
10.6%
Tewksbury
14%
Amesbury
10%
Stoneham
13.5%(GIC)
Belmont
10%
Saugus
115%(GIC)
North Reading
10%
Sudbury
13.2%
Reading
10.0%
North Andover
12.9%
Bedford
7.9%
Wayland
12%
Ipswich
7.9%
The average without Reading was 12,6%, while Reading is 'only'at 10.0%,
Ir Reading were at the average, we would spend another $1.9 million per year.
del;
Reading Heal
th Insurance Rec
ent History
FYI 1
+9,5%
+10.5%
+4.9%
10.0%
9.5%
10.1%
9.1%
8.7%
Background: MGL Chapter 32B
• MGL Chapter 32B sets the requirements the Town must follow
in administering health and life insurance programs to
employees and retirees and their spouses and dependents;
• Employees who regularly work 20 or more hours/week are
eligible for health and life Insurance (for school employees it is
20 or more hours/week during the school year);
• Employees enrolled in the health insurance program who retire
may continue in the program;
• If a retiree passes away, the surviving spouse may continue in
the health Insurance program;
• If an employee is not in the health insurance program at the
time of retirement, there are restrictions on when he/she can
enroll in the program.
Premiums
HMO
PPO
Medex
FY12
+5.7%
projected
+13.5%
+13.5%
FY10
-2%
-22% to -
+1.9
(3•tlerj
27%
Mdx2
Mdx3
FY07
+4.9 %
+4.9%
+2.9%
bid)
0-
Health Ins.
% of Budget
11.3%
Reading Health Insurance Recent History
Premiums (annual rate FY06-FY11)
HMO
+4.4%
PPO
-0.2%
Medex
+3.2%
Weighted average
+3.2%
Enrollment (annual)
+23%
Budget Cost (annual)
+5.5%
m1-101 _
Background: MGL Chapter 32B
• Requiring MGL Ch. 328 Section 18 is a major point of
the recent Governor's proposal to help communities
save money;
• Town Meeting in Reading already voted to accept this Section
on April il, 1994;
• Section 18 requires retirees who are eligible for Medicare to
enroll in Parts A and B and then the Town offers a supplement
to Medicare;
• Employees Bc retirees hired after March 1986 are in Medicare.
Both the employee and Town make contributions, just as in the
private sector;
• If a retiree is not eligible for Medicare, he/she would continue in
the current plan (i.e. HMO or PPO).
4
.
Background: MGL Chapter 32B
February 2011 survey by Stoneham Board of Selectmen
• Communities already requiring retirees to join Medicare:
Amesbury, Bedford, Belmont, Beverly, Canton, Melrose, North
Andover, North Reading, Peabody, Reading, Saugus,
Stoneham, Sudbury, Tewksbury, Wakefield, Walpole, Wayland
and Wilmington;
• Communities NOT requiring retirees to join Medicare: Ipswich
and Newburyport.
Background: MGL,Chapter 32B
• Another major point of the recent Governor's proposal
to help communities save money is to force a 45-day
negotiations window on unions & municipalities. A lack of
agreement would force communities into the state-run GIC
program if they do not have a substantially similar plan
(however that is determined);
• Town management supports efforts to have the right of plan
design without bargaining - as the state itself enjoys;
• Town management and all the unions from the Schools, RMLD
and the Town have a very collaborative working relationship
and have negotiated several changes to plan design over the
past several years.
Background: MGL Chapter 32B
• MGL Ch. 32B Section 19 creates a Public Employee Committee
(PEC) consisting of a representative from each bargaining unit
in the Town, School Dept. and RMLD, plus one retiree;
• Board of Selectmen accepted this Section on Jan. 11. 2005;
• The Town is required to negotiate with the PEC on the pap
design and cost sharing of the health insurance program;
• No individual union may negotiate over health insurance;
• The retiree member of the PEC has a 10% vote. The remaining
90% is divided between the 14 bargaining units based on the
number of employees eligible for health' Insurance. Non-union
employees do not vote;
• Any agreement must be approved by 70% of the PEC.
Q
Life Insurance
• Eligible employees can purchase a $5,000 term life insurance
policy for $100.20/year with the Town paying 50% of the cost;
• Currently the Town's share is under $40,000/year;
• Employees can purchase additional life insurance for
themselves, spouses and dependents, but the Town does no
,contribute to any of the premiums;
• Employees enrolled in the life insurance program who retire can
continue in the program with some restrictions;
• The Town continues to pay 50% of the premium for the $5,000
policy for retirees.
5
C=6 C=
Other Benefits
• Disability insurance is available to some School employees
through the MTA. There is no disability Insurance available to
Town employees;
• Dental Insurance is available to active eligible employees but the
Town does no contribute to the premium;
• Town and School employees can contribute to deferred
compensation plans (403b and 457) to save for retirement;
• Paid time off benefits such as sick, vacation, and floating
holidays/personal days are available to eligible employees;
• Some employees are eligible for sick leave buyback, but caps on
the amount and eliminating it for new hires after a certain date
is common. For example, in one union contract no one hired
after 7-1-04 is eligible for sick leave buyback.
FINCOM QUESTIONS - March 23, 2011
BENEFITS
1. 1 have many questions about the assumptions that went into the benefits figures,
including the assumptions related to contract negotiations.
2. If we were to go to bid for health and life, would this be effective 2013? Yes -
FYI 3.
3. Can you clarify the 3.3% per year being solely from added enrollment. Does that
mean the per employee cost of healthcare has not risen in the past 4 years? Over a
longer five-year period, the budget has increased 5.5%. Enrollment has run at
+2.3% per year over that period - the balance is the increase in costs. From the
presentation you will see that is composed of HMO +4.4%, Medex+3.2% and
PPO -0.2%.
4. With regards to the health insurance, which is, certainly the biggest issue as you
have,pointed out on more than one occasion, it would be helpful if there was a table
that could be provided that would show the town's vs. employee expense share for
Reading, and surrounding or like towns (75% Town, 25% Employee for Reading).
You may have already done this in preparation or for other meetings.
Survey in the presentation suggests 75% average Town share versus 71%
in Reading. However due to methodology; the 75% figure has been
understated in Town that pay different percents for different programs.
Therefore Reading pays a.below average share - but it is difficult to say
precisely how much.
5. What is the current average pension paid? It is hard to compare today's distrib to
the average in 2009. Today it is $23,166. The distribution has been changed to
match the $22,224 average from the actuarial study (2009).
6. What is the breakout between Town and School for Active and Retiree groups?
Well get back on this one.
7. Health slides - would really benefit from some of these same types of slides
including:
a. What % of costs do employees pay in neighboring towns (did Stoneham
survey this?) See Question 4.
b. Comparison to private sector healthcare. split between EE/ER. Not sure
how to do this - welcome any suggestions.
c. Participation and cost splits between current EE / retiree &
Town/School/Enterprise/RMLD
d. Contribution of costs as a % of current payroll In the presentation.
e. Comparison of costs for MIIA plan vs GIC plan In the presentation.
8. What are the ramifications of not fully funding the retirement obligations at this
time, and await the rebound in the financial markets that took place last year and
should continue to take place this year? Didn't know what penalties, if any, we
would incur, or whether or not that would affect the town's rating. We wouldn't
close the gap as quickly as 2028, and further the Retirement Board has
case law to force the Town to make at least the same contribution as from
the prior year (and possibly more). It would probably result in a downgrade
of our debt ratings.
FINCOM QUESTIONS - March 23, 2011
OTHER
9. There was a police detail in front of Danvers Savings Sat. and the officer was
standing behind the barriers closing the road. It did not seem apparent that there
was a need for an officer to be present during construction. Is this paid for out of
the Towns DPW budget? Are there any plans to reduce these overtime
expenses? Are there contractual or regulatory requirements that police details
be present or is it a safety judgment call on the part of the police?
Regarding the detail work on Saturday,question #1. That was a private detail hired
by Danvers Bank, they apparently had a sewer issue that required them to work
on the repair themselves. I believe at one point there was a question about the
pipe and they did have a DPW worker on site for a consultation. That particular
detail was completely paid for by Danvers Bank.
In regards to the other parts of the question, the DPW and I work together to
assess public safety issues with directing traffic vs. blocking roads. Jeff and his
division heads are.very cognizant about the costs of details and trying to ensure
that they are needed.
There are police contractual issues regarding directing traffic. The Reading Police
is the only entity that will do traffic control, per contract. It will be up to Jeff and
Myself to determine the need and necessity for the safety of the workers and the
motoring public.
If there are any other questions please fell free to contact me.
Jim
1 would concur with Jim's comments.
As you know all division supervisors have a limited line item amount for police
details, so as such, use these funds as judiciously as possible.
It is strictly a safety issue. Without question, we use detail officers for traffic
control when working on any major, high traffic volume streets.
On side roads, dead ends, etc. it becomes a judgment call whether we need a
detail officer or not, or if it becomes appropriate to simply block off, or detour a
street (resident access only).
The chief and I do work very well and closely on this, keeping the safety of all
employees and the driving public as our top priority.
Please let me know if you have any further questions.
Jeff
FINCOM QUESTIONS - March 23 2011
10. 1 would recommend the Snow be raised in light of the stress on free cash
anticipated but believe Marsie may have already submitted this. Open for
discussion.
11. Will we get regionalization and other zoning financial benefits Wed.? Yes - see
handout 3123/11.
12. Can you clarify the Worker Comp 6.6% vs. the 20% increase anticipated. Yes -
combination of 5% discount plus substantially less recent claims history.
13. Remind me how Causeway Road $280,000 is being financed? Free cash
appropriation at last November Town Meeting - being repaid as a
betterment by residents affected.
What is the total being budgeted on roads vs. the estimated amount that would
be needed to keep roads from deteriorating on average. To Maintain our road
condition we would need to spend $860,000 and increase-the amount every
year by $50,000. This will keep our roadway condition index at 75 to 74 over
an 8 year period.
To Improve our road conditions we would need to spend $1,200,000 and
increase 4% per year. This will increase our pavement index form 75 to 81 over an
8 year period.
14. What makes motorizing the RMHS bleachers a priority?
15. For the Projected Use of R/E Funds can you remind me what the assumptions
are in the spend rate of $300,000 and declining $50,000 per year. Declining
usage based on weaning off the use of this to support capital.
Can you clarify the total cost of the West Street Reconstruction and the Towns estimated
cost ($475,000?). Are there any variables that could cause Town costs to go any
higher? West Street - Total not including current 36k Eng amendment - $ 400,000
(this cost is far form being etched in stone at this time)
Current Construction Estimate- Total project cost $ 7,907,254 of that
amount it is estimated that the town's share non-participating items could
be $250,000 (the value of non-participating items is based on actual bid
costs when it occurs. These are items the state will not pay for and we are
billed directly from the contractor. At the present time the estimates have
not advanced far enough to provide a good estimate of these costs. The
amount is an estimate based on Main St prices)
Additional Engineering Costs - In the process of an amendment for
$36,000. Will need additional $150,000 to complete to 100% design and provide
bidding\construction services.
Variables - Actual construction costs: Unforeseen extras which will
increase consultant fees (Consultant fees during construction are typically
for review of shop drawings. However if a problem arises the state will call
the consultant in to review issues. Delays - The longer it takes to get the
project out to bid, construction costs rise. Design changes between now,
and time of bid requested by state. Changes in states eligible non
participating items philosophy.
16. What is the average homeowner bill increase to transfer the engineer to the
storm water enterprise fund? Without the engineer the suggested fee would
have been unchanged at $40 for a single family home, and some reserves
would have been generated, as it has in the past. The FYI 2 budget -
including the engineer - is less than it was in FYI 1. As a % of the budget,
the engineer is 13.8%.
Public Works - Enterprise Funds
FYl2 Budget
Overview
The Board of Selectmen will vote on new water, sewer and
storm waters rates at an upcoming hearing prior to Town
Meeting. This budget assumes no use of reserves to offset the
costs of running these funds. Adjustments to these budgets will
be needed in the event reserves are used. The new rates will be
effective with the September 2011 billing.
Storm Water Enterprise Fund
The Storm Water division consists of some activities conducted
under the general fund budget, and some in the enterprise fund
budget. As a whole, they are responsible for the construction,
maintenance and repair of all catch basins and drainage
systems.
As established by. Town Meeting several years ago, this
Enterprise Fund conducts storm water activities that were not
being done by the general fund. Federal regulations continue to
bring new and expensive costs to the 'Town. During the past
year, more than one FTE engineer has worked on these new
regulations, and as was suggested a year ago, one FTE engineer
has been transferred from the general fund into this enterprise
fund. If this new work was not here, the position would have
been eliminated by the general fund budget.
Some drainage work previously classified as capital has been
moved into the operating budget because it is considered annual
general maintenance.. The $40 annual charge for a single family
home will not need to change to support the FY12 budget. In
FY11 $20,000 of reserves were used in the budget, but none are
needed for FY12, leaving the reserve fund at approximately
$275,000.
Two large scale ($4.0 million Saugus River & $2.2 million
Aberjona River) capital projects that have been in the Storm
Water capital improvements plan since inception now are closer
-to becoming reality. If these projects commence as scheduled,
the $40 charge for single family homes will climb to $80 as the
first third of this work begins. This budget does not yet forecast
that new federal requirements will add any additional large
scale projects.
The chart below summarizes the FY12 budget:
Storm Water Enterprise Fund
Wages
$127,765L+82%)
Expenses
$.58,885(+198%)
Debt & Ca ital
$190,000(-34%)
Other
none
Gross budget
$376,650 -0.3%
Reserves
$ 0 TBA
Net budget
$376,650(+5.5%)
03/19/2011 10:49 TOWN OF,READING
blelaeheur INEXT YEAR.BUDGET HISTORICAL COMPARISON
PROJECTION: 20122 FY2012 Enterprise Funds
ACCOUNTS FOR: PRIOR FY3 PRIOR FY2 LAST FY1
STORM WATER MANAGEMENT ACTUALS ACTUALS ACTUALS
IPG 6
b9nyrpts
FOR PERIOD 99
CY CY REV PROJECTION PCT
ACTUALS BUDGET LEVEL 3 CHANGE
0428 STORM WATER MANAGEMENT
03 SALARIES
N
65003511 511417
65003511 511453
65003511 515000
65003511 516050
TOTAL SALARIES
05 EXPENSES
LABORER
AST CV ENG
OVERTIME
OUT OF GRA
65005519
519700
RETIREMENT
65005524
524428
DRAINMAINT
65005527
527301
EQUIP RENT.
65005530
530000
OUT PRFSVC
65005530
530110
LEGAL COUN
65005554
554000
CLOTHING
65005574
574.000
HEALTH INS
TOTAL EXPENSES
08
CAPITAL EXPENDITURES
65008585
585000
ADDTNL EQU
65008588
588412
DRNGE IMPR
65008588.
588421
MAPPING DE_
65008588
588425
DRAINAGE
65008588
588430
SAUG RIV D
TOTAL CAPITAL EXPENDITURES
09
OTHER FINANCING USES
65009596 596500 XFERTO ENT
TOTAL OTHER FINANCING USES
TOTAL STORM WATER MANAGEMENT
TOTAL STORM WATER MANAGEMENT
GRAND TOTAL
57,226.64
67,122.77
68,695.19
47,765.79
70,076.00
71,615.00•
2.2%
.00
.00
.00
.00
.00
52,150.00
.0%
1,421.57
2,416.89
2,491.57
458.04
.00
2,500.00
.0%
.00
143.44
699.52
1,204.88
.00
1,500.00
.0%
58,64B.21
69,683.10
71,886.28
49,428.71
70,076.00
127,765.00
82.316
.00
2,310.00
2,412.00
847.00
847.00
885.00
4.5%
.00
.00
.00
.00
.00
25,000.00
.0%
.00
.00
.00
.00
7,803.00
7,000.00
-10.3%
4,595.00
4,964.14
.00
1,863.00
10,200.00
10,000.00
-2.0%
.00
202'.50
.00
.00
.00
.00
.0%
440.86
374.68
800.00
800.00
900.00
1,000.00
11.1%
.00
.00
.00
.00
.00
15,000.00
.0%
5,035.86
7,851.32
3,212.00
3,510.00
19,750.00
58,885.00
198.2%
95,690.08
.00
126,488.36
151,818.00
173,000.00
156,000.00
-9.8%
.00
.00
.00
.00
55,000.00
.00
-100.0%
.00
50,000.00
.00
.00
.00
40,000.00
.0%
14,780.96
13,910.00
31,418.21
4,209.34
60,000.00
.00
-100.0%
.00
150,000.00
.00
.00
.00
.00
.0%
110,671..04
213,910.00
157,906.57
156,027.34
288,000.00
196,000.00
-31.9%
.00
.00
200,000.00
.00
.00
.00
.0%
.00
.00
200,000.00
.00
.00
.00
0%
355.11
174
291,444.42
433,004.85
208,966.05
377,826.00
382,650.00
1.3%
,
174,355.11
291,444.42
433,004.85
208,966.05
377,826.00
382,650.00
1.3%
9,376,280.06
10,069,098.31
11,056,163.90
7,656,257.22
11,284,841.28
11,612,254.00
2.9%
END
OF REPORT - Gen
erated by Bob
LeLacheur
MA
Town of Reading
Approved
Requested .
Projected
,
31191201111:14
FY-2011
FY-2012
FY-2013
FY-2014
FY-2015
FY-2016
FY-2017
FY-2018
FY-2019
FY-2020
FY-2021
TOTAL
Existing debt in green, new debt in yellow
FY12-21
Public;Rrorlis?'StormRrater CAPTf
288,000:
9o,00D
;.:.200000 "
150,000
150,000
158500,.
, t'100;000
]00;000
400000 10.0;000
100,000
1;340,500
General Drainage Cash
60,000
move to Operating Budget
Drainage improve (Project specific) Cash
55,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
800,000
MS4 Permit- Consult & Lab Testing Cash
40,000
50,000
50,000
50,000
190,000
Saugus River Improvement (I) 2.Omil Debt
Debt
Debt
Debt
Debt
Debt
Debt
Debt
Debt
Saugus River Improvement(II) 2.0 mil Debt
Debt
Debt
Debt
Debt
Debt
Debt
-
Aberjona River Design cash
150,000
150,000
Aberjona River Improvement 2.2mi1 Debt
Debt
Debt
Debt
Debt
-
Sweeper: Elgin Pelican cash
150,000
150,OOD
Truck. Int. #15 Cash
173,000
-
TAKEUCHI Excavator (1985) Cash
58,500
58,500
W
2 Budget
Town of Reading FY - 201
3/2011113:54
New - Not A roved in italics
.
Approved
Debt Service
FY 2011
Requested
Debt'Servic
FY 2012
Projected Projected Projected
Debt Service Debt Service Debt Service
FY -2013 FY - 2014 FY 2015
Projected
Debt Service
FY - 2016
Projected
Debt Service
FY 2017
Projected
Debt Service
FY - 2018
Projected
Debt Service
FY 2019
Projected
Debt Service
FY - 2020
torm": titer un
_
$..:330;000
$ ;r317,000;;?$: 634,000. $`-':608,000°:=$ <945;000.
$ :904,700 $ 864,400
Sau us River lmr ovement!
2.0 mil
new
0
0
0 330,000
317,000
304,000
291,000
278,000
265,000
252,000
Saugus River Imp ovement II
2.0 mil
new
0
0
0 0
0
330,000
317,000
304,000
291,000
278,000
Aber'ona River Improvement
2.2 mil
new
0
0
0 0
0
0
0
363,000
348,700
334,400
Repayment of Principal:
0
. 0
0 200,000
200,000
400,000
400,000
620,000
620,000
620,000
Sau us River Imp ovement I
2.0 mil
10 r
200,000
200,000
200,000
200,000
200,000
200,000
200,000
Saugus River lmr ovement!/
2.0 mil
10 r
200,000
200,000
200,000
200,000
200,000
Aber'ona River Improvement
2.2mit
10 r
220,000
220,000
220,000
Interest on Lon Term Debt:
0
.0
0 130,000
117,000
234,000
208,000
325,000
284,700
244,400
Saugus River tm ovement!)
2.0mit
10 r
130,000
117,000
104,000
91,000
78,000
65,000
52,000
Saugus River lmr ovement!!)
2.0mit
10 r
130,000
117,000
104,000
91,000
78,000
AbejonaRiver _Improvement
2.2 mil
10r
-
143,000
128,700
114,400
-P
Town of Reading FY - 2012 Budget
312011113:54
Projected
Projected,
Projected
Projected
Projected
Projected
Projected
Projected
'
Debt Service Debt ServiceDebt ServicEDebt ServiceDebt ServiceDebt ServiceDebt ServicOebt Service
New - Not A raved in italics
FY - 2021
FY 2022
FY - 2023
FY - 2024
FY 2025
FY - 2026
FY - 2027
FY 2028
torm ater un
$ ' 9?4,100 783;800_ 743500 $ 503 200
475 900.: $:248,600 $ Z34;300-
Saugus River lmrpovement(l)
2 0 mil
new
239,000
226,000
213,000
0
0
0
0
0
Sauqus River lmrpovement(II)
2.0 mil
new
--'265,000
, 252,000
239,000
226,000
213,000
0
0
0_ .
AberlonaRiverImprovement
2.2 mil
new
320,100
305,800
291,500
277,200
262,900
248,600
234,300
0
Repayment of Principal:
620,000
620,000
620,000
420,000
420,000
220,000
220,000
0
Sauqus River lmrpovement(l)
2 0 mil
10yr
200,000
200,000
200,000,
_
Sauqus River Imrpovement(II)
Z 0 mil
10yr
200,000
200,000
200,000
200,000
200,000
Aberiona River Improvement
2.2 mil
10yr
220,000
220,000
220,000
220,000
220,000
220,000
220,000
Interest on Long Term Debt
204,100
163,800
123,500
83,200
55,900
28,600
14,300
0
Sauqus River lmrpovement(I)
20 mil
10yr
39,000
26,000
13,000
Sauqus River lmrpovement(Y)
Z 0 mil
10yr
65,000
52,000
39,000
26,000
13,000
Aberiona River Improvement
Z.2 mil
10yr
_ 100,100
85,800
71,500
57,200
42,900
28,600
14,300
M
0)
Water Enterprise Fund
This fund is comprised of Water Supply and Water Distribution,
and from a budget standpoint there is a section of shared
overhead costs called Water Operations. Supply is responsible
for the administrative management, operation, maintenance and
security of the drinking water supply in accordance with all
Federal, State and local regulations. This division also provides
technical support. Distribution is responsible for maintaining
and operating the municipal water distribution system in
accordance to industry standards and all applicable regulations.
In addition,. this division oversees water meter installation,
repair and meter reading.
The budget ,for Water Operations is up 7.6% for FY12, or an
increase of $192,147. An interest free loan for work on a water
main at Haverhill-Franklin-Wakefield was recently approved by
Town Meeting. The timing of this to begin in FY12 was one
year sooner than would be ideal from a financial standpoint -
but the. attractive interest-free loan from the MWRA was not
guaranteed to be in place one year from now. Advancing this
project forward by one year alone explains $228,500 of the
increase in Operations. MWRA water rates are only projected to
be up about 2% for FY12.
The gross water budget is up 4.4%. However there are other
factors that affect the water rates, including the use of reserves
to offset the costs, as well as the expected volume of usage. In
FY11, $225,000 in reserves offset costs. If usage is unchanged
and no reserves are used this year that would suggest an 8.9%
increase in rates:
Operations
Supply.
Distribution
Wages
$87,741
$551,749
-0.6%
+1.4%
Expenses
$316,427
$1,832,585
$187,750
+5.9%
-0.0%
-1.5%
Debt & Capital
$2,014,091
$30,000
$275,000
+9.5%
+100%
+4.6%
Other
$377,367
0%
TOTAL
$2,707,885
$1,950,326
$1,014,499
+7.6%
+1.6%
+1.7%
FY11
FY12
Change
Gross budget
$5,433,291
$5,672,710
+4.4%
Reserves
$225,000
$0
TBA
Net budget.
$5,208,291
$5,672,710
+8.9%
03/19/2011 10:49 (TOWN OF READING
blelaaheur NEXT YEAR BUDGET HISTORICAL COMPARISON
PROJECTION: 20122 FY2012 Enterprise Funds
ACCOUNTS FOR: PRIOR FY3 PRIOR FY2 LAST FYI
WATER ACTUALS ACTUALS ACTUALS
0450 WATER - OPERATIONS
05 EXPENSES
61005519
519000
MEDICARE
61005519
519700
RETIREMENT
61005529
529433
HAZ WST DI
61005530
530105
PRINTING'
61005530
530110
LEGAL COUN
61005530
530480
PRIMACEY A
61005530
530491'
SVC WKFLD
61005531
531000
PRDEV TRN
61005574
574000
HEALTH INS
61005574
574010
PROP/CASUA
61005574
574500
DEDUCT/CLM
61005574
574550
WC INSURNC
TOTAL EXPENSES
07
DEBT SERVICE
61007530
530705
DEBTCOSTS
61,007591
591000
DEBT PRINC
61007591
592000
LTDEBTINT
TOTAL DEBT SERVICE
09
OTHER FINANC
ING USES
61009596
596111
WAGE-TWNMG
61009596
596112
EXP SUPP
61009596
596121
WAGE-ACTNG
61009596
596122
EXP ACTNG
61009596
596131
WAGE-FINCE
61009596
596132
EXEFINANCE
61009596
596141
WAGE HR
61009596
596142
EXP HR
61009596
596151
WAGE TECHN
61009596
596152
EXP TECH
61009596
596161
WAGEDPWADM
61009596
596171
WAGE ENGIN
61009596
596181
WAGE HGWY
61009596
596162
EXP HGWY
61009596
596300
XFERCAPFND
61009596
596500
XFERTO ENT
TOTAL OTHER
FINANCING USES
TOTAL WATER
- OPERATIONS
0451
WATER
- DISTRIBUTION
"5,425.00
89,093.00
15,346.18
.00
15,000.00
5,828.03
5,546.76
4,044.25
170,952.00
.00
1,499.00
63,581.00
376,315.22
6,000.00
16,413.00
6,419.00
361.13
11,159.10
5,451.82
5,567.09
2,992.00
165,000.00
31,560.00
.00
20,332.00
271,275.14
7,000.00
17,075,00
7,771.40
.00
121.50
5,530.87
7,601.06
2,674.00
102,645.48
20,460.00
.00
15,905.00
186,784.31
LPG 3
bgnyrpts
FOR PERIOD 99
CY CY REV PROJECTION PCT
ACTUALS BUDGET LEVEL 3 CHANGE
.00
26,724.00
5,563.00
.00
.00
5,551:27
3,957.17
1,770.00
104,848.18
23,017.00
.00
15,411.00
186,841.62
7,000.00
26,724.00
10,000.00
.00
16,000.00
5,531.00
7,140.00
3,000.00
149,500.00
44,000.00
.00
30,000.00
298,895.00
7,500.0.0
27,927.00
10,000.00
.00
10,000.00
5,500.00
7,000.00
2,500.00
165,000.00
45,000.00
00
36,000.00
316,427.00
7.1%
4.5%
.0%
-37.5%
-.6%
-2.0%
-16.7%
10.4%
2.30
.0%
20.0%
5.9%
63,049.00
000.00
756
1,412.92
1,225,000.00
.00
1,375,000.00
.00
620,000.00
.00
1,375;000.00
.00
1,598,500.00
.0%
16.3%
,
420,291.00
.557,170.00
514,352.50
247,.712.50
464,206.00
415,591.00
-10.5%
1,239,340.00
1,783,582.92.
1,889,352.50
867,712.50
1,839,206.00
2,014,091.00
9.5%
13,886.00
14,896.00
14,896.00
14,896.00
14,896.00
00
.0%
0%
3,234.00
.00
.00
.00
.
.
95.00
30,247.00
180.00
32,032.00
180.00
32,032.00
180.00
32,032.00
180.00
32,032.00
.0%
.0%
,
6,009.00
4,090.00
21,653.00
4,900.00
21,653.00
4,'900.0.0
21,653.00
4,900.00
21,653.00
4,900.00
.0
.0-
,136.00
00
531
26
2,264.00
777
00
31
2,264.00
31,777.00
2,264.00
31,777.00
2,264.00
31,777.00
.0%
.0%
.
,
27,255.00
.
,
30,418.00
30,418.00
30,418.00
690.00
4
30,418.00
00
690
104
.0%
0%
110,313.00
99,945.00
104,690.00
98,407.00
104,690.00
98,407.00
10
,
98,407.00
.
_
,
98,407.00
.
.0%
6,730.00
6,730.00
6,730.00
6,730.00
6,730.00
.0%
75,000.00
.00
.00
.00
.00
.0%
438,600.00
2•,493,458.06
413,367.00
2,489,503.81
377,367.00
1,431,921.12
377,367.00
2,515,468.00
377,367.00
2,707,885.00
.0%
7.6%
14;061.00
3,187.00
9,084.00 9,226.00 10,078.00 10,078.00 10,078.00 10,078.00 .0%
98.00
28,897.00
5,680.00
4,025.00
1,136.00
22,158.00
23,667.00
84,928.00
94, 33.9.00
6,560.00
22,325.00 22,771.00 19,342.00 19,342.00 19,342.00 19,342.00 .0%
.00
.00 .00 36,000.00 .00 .00 .00 .0%
320,145.00
1,935,800.22
03/19/2011 10:49
blelacheur
PROJECTION: 20122
ACCOUNTS FOR:
WATER
TOWN OF READING
(NEXT YEAR BUDGET
FY2012 Enterprise Funds
PRIOR FY3
ACTUALS
HISTORICAL COMPARISON
PRIOR FY2 LAST FY1
ACTUALS ACTUALS
Y
ACTUALS
Y REV
BUDGET
LPG 4
bgnyrpts
FOR PERIOD 99
PROJECTION PCT
LEVEL 3 CHANGE
03
SALARIES
61013511
511401
SUPERVISOR
34,253.64
36,820.52
32
38,826.34
28
677
58
27,074.31
534.30
41
38,831.00
58,372.00
39,609.00
59,837.00
2.0%
2.5%
61013511
511403
FOREMAN
RMN
54,578.36
32
465
72
58,065.
489.48
51
.
,
89,073.54
,
94,758.04
104,907.00
110,842.00
5.79.
61013511
61013511
511405
511409
WRKNG F
EQUIP OPER
.
,
136,820.74
,
146,249.46
117,118.54
85,922.88
17
58
148,531.00
00
995
83
141,149.00
672.00
79
-5.0%
-5.1%
61013511
511413
SKLLD LABR
45,128.02
70
82,244.85
280
48
32
78,502.24
104.96
34
.
49,1
23,666.72
.
,
33,032.00
,
33,032.00
.0%
61013511
511417
LABORER
CLERK(S)
64,423.
905.34
15
.
,
16,876:29
,
17,308.15
11,979.44
17,260.00
17,598.00
00
2.0%
0%
61013511
61013511
511471
511481
SNOW REMOV
,
-4,197.56
-7,709.63
11
65
.00
495
18
62
.00
337.35
31
-6,500.00
38,355.00
-6,500.
50,000.00
.
30.4%
61013511
5150.00
OVERTIME
GRA
121,650.05
82
055
1
71,0
.
394.34
1
.
,
1,894.10
,
3,732.24
1,882.00
3,000.00
59.4%
61013511
61013511
516050
516060
.
OUT OF
ONCALL PRM
.
,
8,130.00
,
10,270.46
9,760.00
7,564.00
25
00
8,818.00
00
500
7
8,818.00
500.00
7
.0%
.0%
61013511
516080
LONGEVITY
TEMP
W
7,100.00
64
281
8
7,337.50
831.12
8
6,625.00
6,552.33
.
6,8
2,837.58
.
,
9,126.00
,
7,192.00
-21.2%
61013512
512000
AGES
.
,
,
07
595
565
515,715.30
520,937.66
386,349.44
544,109.00
551,749.00
1.4%
TOTAL
SALARIES
.
,
05
EXPENSES
Qp 61015521
521301
ELECTRICIT
8,892.71
10,910.59
9,678.95
7,711.67
50
236
10,200.00
410.00
11,000.00
500.
7.8%
22
61015521
521303
NATRL GAS
352.10
00
483.79
87
035
3
353.50
2,902.39
.
2,033.16
.00
00
.0%
61015521
61015530
521392
530110
WRLS PHONE
LEGAL, COUN
.
1,728.00
.
,
.00
64
1
.00
583
69
9
.00
033.41
10
.00
10,700:00
.00
15,000.00
.0-
40.2%
61015530
530420
PLCE DTAIL
10,857.84
0
28
10,27
.
11'
141
1
.
,
.
516.96
5
,
306.94
15,234.00
10,000.00
-34.3%
61015530
530470
WTR SYSTEM
MAIN PIPE/
.
7,78
990.00
9
.
,
10,720.00
,
9,706.52
760.00
12,200.00
10,000.00
0
00
-18.0%
51
61015530
61015530
530472
530474
SVC PIPE/M
,
.00
45,325.19
60,933.11
00
00'
47,651.69
00
800
1
49,750.00
400.00
8
.
50,00
8,000.00
.
-4.8%
61015530
530478
CROSS CONN
4,960.00
5,040.00
00
398
4,9
.
00
.
,
.00
,
.00
.00
.0%
61015531
61015536
531000
536000
PRDEV TRN
LIC SFTWR
.00
.00
.
7,800.00
.
6,236.15
5,000.00
87
21
10,000.00
00
775
26
.10,000.00
000.00
27
.0%
a-
61015540
540470
WD GEN SUP
19,055.09
61
088
21,488.07
78
633
28
24,736.81
406.91
24
21,8
.
10,884.75
.
,
33,180.00
,
33,000.00
-.5%
61015540
61015540
540472
540474
MAIN PIPE
SVC METERS
.
29,
41,268.12
.
,
.00
,
151.00
949
21
380.00
97
149
3
7,625.00
500.00
5
7,000.00
5,500.00
-8.2%
.0%
61015554
554000
UNFM/CLTH
1,029.98
8,825.21
315
00
.
3,
864
00
.
,
347.00
,
714.00
750.00
5.0%
61015578
578100
LICENSES
794.0.0
.
.
73
796
135
154,388.25
163,919.20
112,116.96
190,684.00
187;750.00
-1.5%
TOTA
L EXPENSES
.
,
08
CAPITAL EXPENDITURES
61018584
584410
BOBCATLOAD
.00
.00
.00
00
43,827.95
61
933
37
45,000..00
38,000.00
.00
.00
-100.0%
-100.0%
61018584
61018585
584411
585000
VAN #2
ADDTNL EQU
.00
116,761.69
.00
.00
.
6,769.88
.
,
.00
00
347
.00
00
000
180
275,000.00
.00
.0%.
-100.0%,
61018585
585451
METRINSTAL
.00
63,225.75
00
206,774.00
86
595
57
.
.00
.
,
.00
.00
O%
61018588
588450
SYSTEMS
.00
.
.
,
TOTAL CAPITAL
EXPENDITURES
116,761.69
63,225.75
329
30
271,139.74
60
996
955
82,108.56
580,574.96.
263,000.00
997,793.00
275,000.00
1,014,499.00
4.6%
•1.7%
TOTA
L WATER -
DISTRIBUTION
818,153.49
.
733,
.
,
0452
WATER - S
UPPLY / TREATMENT
03/19/2011 10:49
blelaCheur
PROJECTION: 20122
ACCOUNTS FOR:
WATER
TOWN OF READING
NEXT YEAR BUDGET
FY2012 Enterprise Funds
PRIOR FY3
ACTUALS
HISTORICAL COMPARISON
PRIOR FY2 LAST FYI
ACTUALS ACTUALS
Y
ACTUALS
Y REV
BUDGET
IPG 5
bgnyrpts
FOR PERIOD 99
PROJECTION PCT
LEVEL 3 CHANGE
03 SALARIES
61023511 511461
SUPERVISOR
78,383.52
83,798.33
84,062.88
58,618.56
00
84,048•.00
-500
00
83,741.00
-500.00
-.4%
.0%
61023511.511481
SNOW RMVL
-600.64
2
564
-232.14
18
403
3
.00
586.11
5
.
4,267.58
.
4,692.00
4,500.00
-4.146
61023511 515000
OVERTIME
7
.
31,
.
,
,
TOTAL SALARIES
109,347.15
86,969.37
89,648.99
62,886.14
88,240.00
87,741.00
-.6%
OS EXPENSES
610.25521 521301
ELECTRICIT
22,108.08
13,910.65
24,721.78
00
18,512.75
62
077
2
20,000.00.
6,000.00
21,000.00
3,000.00
5.0%
-50.0%
61025521 521308
521309
FUEL OIL
SWR/STM WA
20,593.29
604.85
.00
.439.95.
.
127.90
.
,
161.04
470.00
500.00
00
00
6.41
61025521
61025521 521390
TELEPHONE
2,340.79
2,098.93
2,291.25
1,060.59
00
3,280.00
00
.
3,0
10,000.00
.
61025524 524471
MWRA VALVE
OUT PRFSVC
00
288.81
72
.00
7,360.51
.00
12,155.56
.
1,358.00
.
10,200.00
10,000.00
0
-2.0%
0%
61025530 530000
61025530 530457
WELLS
,
5,017.15
13
4
.00
96
806
1
.00-
242.16
5
1,377.76
875.53
00
7,000.00
.00
6,000.00
.
-14.3%
61025540 540000
DEPT SUPP
.
3,42
00
.
,
92
384
8
,
13,486.93
3,763.00
57,962.00
20,000.00
-65.5%
61025540 540455
WELLS
- .
00
.
,
00
25,200.50
.00
.00
.00
.0%
61025540 540499
400
WTR EMERGN
MWRA
.
924.41
536
1
1,636,165.00
1,737,501.00
1,381,502
1,726,878:
00
1,759,085.0000
1:08
tp 61025563 563
61025563 563410
RESIDUALS
,
,
55,324.00
.00
.00
:4000
00
TOTAL EXPENSES
1,718,625.51
1,670,166.92
1,820,727.08
1,410,688.69
1,831,790.00
1,832,585.00
.0%
08 CAPITAL EXPENDITURES
61028583 583000
PLANT
.00
.00
.00
00
.00
00
.00
.00
40,000.00
.00
.0%
.0%
61028585 585452
BOOSTER TE
.00
00
36,000.00
00
000
35
.
.00
.
.00
.00
.00
.0%
61028585 585453
EMERG ENGI
WELLS
.
000.00
75
.
,
:00
.00
.00
.00
.00
.0%
61028588 588455
,
TOTAL CAPITAL EXPENDITURES
PLY / TREAT
75,000.00,
972.66
902
1
71,000.00
1,828,136.29
.00
1,910,376.07
.00
1,473,574.83
.00
.1,920,030.00
40,000.00
1,960,326.00
00
0
2.1%
4
6--
TOTAL WATER - S
UP
,
,
926.37
656
4
5,054,923.65
5,355,876.48
3,486,"070.91
5,433,291.00
5,682,71
.
.
TOTAL WATER
,
,
Town of Reading, MA II Approved l Requested (Projected
3119!201111:14 I FY-2011 FY-2012 FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 FY-2021 TOTAL
FY12-21
O
Existing debt in green new deot to yellow
350,000 262,00 487;000 370;000
000 255 ODD
000 365
000 506
0 895
9 757 000:
Public Works= Water?'CAPITAL
z63,0UO?
305,000
,
,
,
,
968;00
ter Distribution
W
263,000
275,000
751,000 570,000 460,009 285,000 235,000 300,000 262,000 437,000 370,000
3,945,000
a
onn nnn onn nnn grin nnn vollmon
800,000
water main Lining uasu
Various Water Mains ($2.471 mil) Debt
WM - H St. Loop (Ivy St.) Cash
WM - Causway Road Loop Cash
WM - Larch Lane Cash
WM - Haverhill-Franklin-Batch ($420k) Debt
WM-Haverhill-Franklin-WkOd($1.865m) Debt
WM-Howard-Cty-Summer($1.012m) FY15
WM-South-West-Gleason($1.02m) FY16
Meter Replacement cash
180,000
Water System Hydraulic Model Cash
Storage Tank Inspection Cash,
Tank inspecUDesign-Auburn Cash
Tank Maintenance -Auburn Cash
Tank Maintenance - Bear Hill Cash
Storage Tank ($1.15mil.) FY19
Booster Station SCADA Cash
SCADA Upgrade (every 5yrs) Cash
Replace Bob Cat Loader . Cash
45,000
Pickup Truck #12 (1997-10yrs) Cash
Replace Car #2 Cash
Replace Van #2 Cash
36,000
Replace Truck #6 Cash
Replace Tmck #14 Cash
Replace Backhoe #420E Cash
Replace Utility Truck #5 Cash
Water Supply
WTP design Debt
Join MWRA (partial-$3.18mil)
Debt
Bmil)
Join MWRA (full-$7
Debt
.
Plant demo & chlorine trmt ($800k debt)
Debt
Plant demo & chlorine cant ($450k debt)
Debt
Water Conservation Program Cash
Wells Upgrade Cash
Well Abandonment Cash
Hydraulic Study - 2nd connection cash
Pickup Truck #3 (2003 -10yrs) Cash
350,000
276,000
85,000
70,000 I
475,000
220,000
165,000
20,000
40,000
120,000
30,000 217;000 325,000 40,000
35,000
20,000
100,000
60,000 50,000 40,000 30,000 20,000
50,000 50,000 50,000
225,000-
30,000 120,000
37,000
350,000
276,000
120,000
50,000 250,000 '250,000
750,000
85,000
12,000 12,000
24,000
70,000
475,000
220,000
165,000
25,000
45,000
40,000
35,000
120,000
120,000
120,000
100,000
150,000
150,000
50,000
812,000
200,000
50,000
200,000
225,000
150,000
37,000
Town of Reading FY - 2012 Budget
d
t
t
d
P
312011113:54
Approved
Requested
Projected
Projected
Projected
Projected
Projected
Projected
Projec
e
rojec
e
Debt Service
Debt Service
Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service
Debt Service
Debt Service
New - Not Approved m italics
FY - 2011
FY - 2012
FY - 2013
FY- 2014
FY - 2015
FY 2016
FY - 2017
FY - 2018
FY - 2019
FY 2020
r. Fund
Wate
$1;839,206 '
$2014;0.91
$1';326,051;.;;
$1299;286 $.1;539,901 :'-`j_$1;66.1;529 ;$;1,607,601 °$1,555;2:79 $.1;731,127
$ 1465;595::,
,
Join MWRA full $7.8m
08-28
Nov 01
662,513
647,400
632,775
618,150
603,525
588,656
571,350
553,800
538,200
522,600
Join MWRA artial $3.18m
07-27
A r 15
270,656
264,656
258,656
252,656
246,656
237,719
229,719
224,069
217,669
211,269
Demo WTP/chlorinate $0.8m
00-18
Jul 01
98,300
95,860
93,420
90,980
88,540
86,100
83,660
81,220
0
0
Demo WTP/chlorinate $450k
09-13
Feb 01
156,000
153,000
0
0
0
0
0
0
0
0
0
Water Treatment Plant Design
2005
119,800
116,300
112,700
109,000
104,500
0
0
0
0
Water Mains $2.471m
WM:Hvrhill-Frnkln-Wkfld
08-12
2285k
Apr 15
MWRA
531,938
508,375
228,500
0
228,500
0
228,500
0
228,500
0
228,500
0
228,500
0
228,500
0
228,500
0
228,500
WMHwrd--Cnt -Summer
1012k
new
0
0
0
0
268,180
255,024
241,868
228,712
215,556
0
WM: South-West-Gleason
1002k
new
0
0
0
0
0
265,530
252,504
239,478
226,452
213,426
Stora e Tank
1150k
new
0
0
0
0
0
0
0
0
304,750
289,800.
Repayment of Principal:
1,375,000
1,598,500
958,500
958,500
1,160,900
1,261,300
1,261,300
1,261,300
1,411,300
1,208,900
Join MWRA full $7.8m
0828
Nov 01
390,000
390,000
390,000
390,000
390,000
390,000
390,000
390,000
390,000
390,000
Join MWRA artial $3.18m
07-27
A r 15
160,000
160;000
160,000
160,000
160,000
160,000
160,000
160,000
160,000
160,000
Demo WTP/chlorinate $0.8m
09-18
Jul 01
80,000
80,006
80,000
80,000
80,000
80,000
• 80,000
80,000
Demo WTP/chlorinate $450k
10-12
Feb 01
150,000
150,000
Water Treatment Plant Design
2005
2005
100,000
100,000
100,000
100,000
100,000
Water Mains $2.471 m
WM:Hvrhill-Frnkln-Wkfld
08-12
2285
Apr 15
MWRA
495,000
490,000
228,500
228,500
228,500
228,500
228,500
228,500
228,500
228,500
228,500
-Hwrd-Cnt -Summer
WM
1012k
5 r
202,400
202,400
202,400
202,400
202,400
.
• South-West-Gleason
WM
1002k
5 r
200,400
200,400
200,400
200,400
200,400
.
Stork e Tank
1750k
5 r
230,000
230,000
Interest on Lon Term Debt:
464,206
415,591
367,551
340,786
379,001
400,229
346,301
294,479
319,827
256,695 .
8m
Join MWRA full $7
08-28
Nov 01
272,513
257,400
242,775
228,150
213,525
198,656
181,350
163,$00
148,200
132,600
.
Join MWRA artial $3.18m
07-27
Apr 15
110,656
104,656
98,656
92,656
86,656
77,719
69,719
64,069
57,669
51,269
Demo WTP/chlorinate $0.8m
09-18
Jul 01
18,300
15,860
13,420
10,980
8,540
6,100
3,660
1,220
Demo WTP/chlorinate $450k
10-12
Feb 01
6,000
3,000
Water Treatment Plant Design
2005
2005
19,800
16,300
12,700
91000
4,500
Water Mains $2.471 m
08-12
Apr 15
36,938
18,375
0
0
0
WM:Hvrhill-Frnkln-Wkfld
2285
MWRA
0
0
0
0
780
65
0
624
52
0
39,468
26,312
13,156
WM.•Hwrd Cnt -Summer
1072k
5 r
,
,
130
65
704
52
39,078
26,052
13,026
WM.• South-West-Gleason
1002k
5 r
,
,
74,750
59,800
Storage Tank
1150k
5 r
Town of Reading FY - 2012 Budget.
3120/1113:54
Projected
Projected
Projected
Projected
Projected
Projected
Projected
Projected
I
Debt Service Debt ServicEDebt SenriceDebt ServiceDebt ServiceDebt ServicEDebt Service)ebt Service
New - Not Approved in italics
FY 2021
FY 2022
FY 2023
FY 2024
FY - 2025
FY 2026
FY 2027
FY - 2028
'
::Water Furzd .
-197 800
$;1,215,216 ;,`.$949,769 $.912,819 645 869. $ 623,575 $ 591;375 $569,588 ; $
Join MWRA(fu11$7 8m)
08-28
Nov 01
507,000
491,400
475,800
460,200
444,600
429,000
413,400
397,800
_
Join MWRA(partial $318m)
07-27
Apr 15
204,869
198,469
192,069
185,669
178,975
162,375
156,188
0__ .
Demo WTP/chlorinate($0 8m)
09-18
Jul 01
0
0
0
0
0
0
0
0
Demo WTP/chlorinate ($450k)
09-13
Feb 01
0
0
0
0
0
0
0
0
Water Treatment Plant Design
2005
0
0
0
0'
0
0
0
0
Water Mains($2 471 m)
08-12
Apr 15
0
0
0
0
0
0
0
0
WM:Hvrhill-Frnkln-Wkfld
2285k
MWRA
228,500
0
0
0
0
0
0
0
wM.-Hwrd-Cnt -Summer
1012k
new
0
0
0
0
0
0
0
0
WM.• South-West-Gleason
1002k
new
0
0
0
0
0
0
0
0
Storage Tank
1150k
new
274,850
259,900
244,950
0
0
0
0
0
Repayment of Principal:
1,008,500
780,000
780,000
550,000
550,000
540,000
540,000
390,000
Join MWRA(full $7.8m)
08-28
Nov 01
390,000
390,000
390,000
390,000
390,000
390,000
.390,000
390,000
Join MWRA(partial $318m)
07-27
Apr 15
160,000
160,000
160,000
160,000
160,000
150,000
150,000
Demo WTP/chlorinate($0 8m)
-09-18
Jul 01
N Demo WTP/chlorinate ($450k)
10-12
Feb 01
Water Treatment Plant Design
2005
2005
Water Mains($2 471 m)
08-12
Apr 15
-
WM:Hvrhill-Frnkln-Wkfld
2285
MWRA
228,500
WM•Hwrd Cnty-Summer
1012k
5yr
WM- South-West-Gleason
1002k
5yr
Storage Tank
1150k
5yr
230,000
230,000
230,000
Interest on Lon Term Debt:
206,719
169,769
132,819
95,869
73,575
51,375
29,588
7,800
Join MWRA(full $7.8m)
08-28
Nov 01
117,000
101,400
85,800
70,200
54,600
39,000
23,400
7,800
Join MWRA(partial $318m)
07-27
Apr 15
44,869
38,469
32,069
25,669
18,975
12,375
6,188
Demo WTP/chlorinate($0 8m)
09-18
Jul 01
Demo WTP/chlorinate ($450k)
10-12
Feb 01
Water Treatment Plant Design
2005
2005
Water Mains($2 471 m)
08-12
Apr 15
WM:Hvrhill-Frnkln-Wkfld
2285
MWRA
0
WM•Hwrd Cnty-Summer
1012k
5yr
WM: South-West-Gleason •
1002k
5yr
Storage Tank
1150k
5yr
44,850
29,900
14,950
/1-1
03/19/2011 10:49 (TOWN OF READING
blelaeheur NEXT YEAR BUDGET HISTORICAL COMPARISON
PROJECTION: 20122 FY2012 Enterprise Funds
ACCOUNTS FOR: PRIOR FY3 PRIOR FY2 LAST FYI CY CY REV
SEWER ACTUALS ACTUALS. ACTUALS ACTUALS BUDGET
PG 2
bgnyrpts
FOR PERIOD 99
PROJECTION PCT
LEVEL 3 CHANGE
62007591 591000 LT DBT PRI
62007591 592000 LTDEBTINT
62007593 593000 ST DBT INT
TOTAL DEBT SERVICE
08 CAPITAL EXPENDITURES
62008585
585000
ADDTNL EQU
62008585
585451
METRINSTAL
62008588
588411
CALIF RD S
62008588
588505
INFLOW/INF
62008588
588510
SEW ST REH
62008588
588512
SEW ST STU
62008588
588541
GLEN ROAD
62008588
588542
W GROVE ST
TOTAL CAPITAL EXPENDITURES
09
OTHER
FINANCING USES
W
677.00
83
167,543.00
167,543.00
41,800.00
160,800.00
160,800.00
.0%
,
00
10,687.50
7,406.25
77,906.25
4,313.00
1,406.00
-67.4%
.
5,951.94.
.00
.00
.00
.00
.00
.0%
69,628.94
178,230.50
174,949.25
119,706.25
165,113.00
162,206.00
-1.8%
104,201.90
00
.00
.00
122,156.00
143,618.48
.00
.00
.00
180,000.00
167,000.00
.00
.0°s
-100.0%
.
00
.00
.00
58,481.29
246,001.28
.00
-100.01
.
277,197.13
67,579.57
•
140,422.41
00
00
79,500.00
00
100,000.00
00
000
30
100,000.00
000:00
30
.0%
.0%
.00
00
.00
.00
30,0
.
10,000.00
.
.00
.
,
.00
,
.00
.0%
.
.00
169,168.24
11,282.21
.00
.00
.00
00
.0%
D%
.00
10,000.00
.00
.00
.00
-
.
.
381,399.03
246,747.81
457,479.10
137,981.29
556,001.28
297,000.00
-46.6%
62009596
596111
WAGE-TWNMG
12,477.00 .
62009596
596112
EXP SUPP
2,826.00
62009596
596121
WAGE-ACTNG
7,990.00
62009596
596122
EXP ACTNG
87.00
62009596
596131
WAGE-FINCE
25,645.00
62009596
596132
EXEFINANCE
5,037:00
62009596
596141
WAGE HR
3,573.00
62009596
596142
EXP HR
1,008.00
62009596
596151
WAGE TECHN
19,662.00
62009596
596152
EXP TECH
21,001.00
62009596
596161
WAGEDPWADM
46.,773.00
62009596
596171
WAGE ENGIN
57,555.00
62009596
596181
WAGE HGWY
2,358.00
62009596
596182
EXP HGWY
12,312.00
62009596
596300
XFER TO CA
.00
62009596
596500
XFERTO ENT
.00
TOTAL OTHER
FINANCING USES
218,306.00
TOTAL SEWER
- OPERATIONS
4,544,998.58
0990
OTHER FINANCING'SOURCES/USES
09
OTHER FINANCING USES
62009590
599910
DEBT COSTS
.00
TOTAL OTHER
FINANCING USES
.00
TOTAL OTHER
FINANCING SOURCE
.00
TOTAL SEWER
4,544,998.58
13,010.00
14,062.00
14,062.00
14,062.00
14,062.00
.0%
3,029.00
8,642.00
.00
9,517.00
.00
9,517.00
.00
9,517.D0
.00
9,517.00
.0%
0%
89.00
170.00
170.00
170.00
170.00
.0%
28,333.00
5,629.00
30,249.00
20,440.00
30,249.00
20,440.00
30,249.00
20,440.00
30,249.00
20,440.00
.0%
.0%
3,831.00
4,628.00
4,628.00
4,628.00
4,628.00
7
00
.0%
0%
3,061.00
24,849.00
2,137.00
29,998.00
2,137.00
29,998.00
2,137.00
29,998.00
2,13
.
29,998.00
1
.
.0%
25,536.00
28,715.00
28,715.00
28,715.00
5.00
28,7
.0%
0%
50,424.00
61,892.00
47,475.00
60,065.00
47,475.00
60,065.00
47,475.00
60,065.00
47,475.00
60,065.00
.
.0%
2,419.00
.2,419.00
2,419.00
2,419.00
2,419.00
.0%
0°
12,558.00
9,129:00
9,129.00
9,129.00
9,129.00
00
s
.
0%
75,000.00
.00
.00
33,000.00
.00
.00
.00
.00
.
.00
.
.0%
302.00
318
292,004.00
259,004.00
259,004.00
259,004.00
.0%
,
4,722,730.24
5,264,282.57
3,961,220.26
5,473,724..28
5,546,894.00
1.3%
.00
3,-000.00
.00
.00
.00
.0%
.00
3,000.00
.00
.00
.00
.0%
.00
3,000.00
.00
.00
.00
.0%
.
4,722,730.24
5,267,282.57
3,961,220.26
5,473,724.28
5,546,894.00
1.3-.
Town of Reading, MA
Approved
Requested
Projected
3/191201111:14
FY-2011
FY-2012
FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 FY-2021
TOTAL
Existing debt in green, new debt in yellow
FY12 21
Public Works _ Sewer GAPTTAIJ
= 495,000
157 00D
130 Dtl0 37ODD 150,000 45,000 ??250;OOD zsa,DDD Z5 6,U011
1 26000s
Infiowtlnfiltration Cash
100,000
. move to Operating Budget
Seal Sewer Manholes cash
move to Operating Budget
Sewer Station Rehabilitation cash
30,000
move to Operating Budget
Debt,
FairviewtSunnyside$300kt4yrdebt)
California Road - Sewer Main cash
185,000
75,000
Lewis Street - Sewer main cash
75,000
000 .250,000 250,000
250
750,000
Cash
Meter Replacements
180,000
,
130
000
Backhoe 430D Cash
130,000
,
Replace Vehicles Cash
82,000
37,000 150,000 45,000
314,000
-P
Cn
Sewer Enterprise. Fund
The Sewer division is responsible for maintaining and operating
the municipal main sewer systems . in accordance with all
applicable state, federal and MWRA, regulations for the
collection and discharge of wastewater. The specific. functions
are: maintenance and repair of 100 miles of sewer mains and'12
pumping. stations; respond to customer complaints for sewer
backups and drainage problems.
The chart below summarizes the FY12 proposed budget:
~Pwpr Enternrise Fund
Wages
$ 267,908(-13.1%)
Expenses
$4,560,776 +9.0%
Debt & Capital
$ 319,206 -56%
Other
$ 259,004 0%
Gross budget
$5,406,894(-1.2%)
Reserves
$ 0 TBA : .
Net budget
$5,406,894(-+ 1.8%
Wage costs in the current year were overstated, as seen by the
year-to-date figure well below a 60% expended rate.
The MWRA sewer rate is projected to increase by 6.2%, and
some annual maintenance costs ($100,000 inflow & infiltration
and $40,000 sewer station and manhole repairs) have been
moved from capital to the operating budget. Aside from these
factors, the remaining expense budget declined slightly from
FYI I.
Note that there is very low debt projected for this fund. At
present the fund uses MWRA loans, but these are offered for
three to five years at a time. If past patterns repeat, about
$165,000, in annual debt should be projected forward for every
year, but at present that cannot be guaranteed.
03/19/2011 10:49
TOWN OF READING
I
PG 1
blelaaheur.
(
NEXT YEAR BUDGET
HISTORICAL COMPARISON
bgnyrpts
PROJECTION: 20122
FY2012 Enterprise Funds
FOR PERIOD 99
ACCOUNTS
FOR:
PRIOR FY3
PRIOR FY2
LAST FYI
CY
CY REV
PROJECTION
PCT
SEWER
ACTUALS
ACTUALS
ACTUALS
ACTUALS
BUDGET
LEVEL 3
CHANGE
0440
SEWER- OPERATIONS
03
SALARIES
62003511
511401
SUPERVISOR
34,253.64
36,820.53
38,826.38
27,074.33
38,831.00
39,609.00
2.0%
52003511
511405
WRKNG FRMN
49,812.50
52,756.60
55,887.19
36,471.63
53,954.00
53,239.00
-1.3%
62093511
511409
EQUIP OP
48,384.06
50,964.18
51,907.68
37,190.56
51,908.00
51;908.00
.0%
62003511
511413
SKLLD LABR
38,068.30
67,217.19
37,375.53
3,500.21
40,987.00
.00
-100.01
62003511
511417
LABORER
37,770.97
3,272.96
57,800.14
37,289.27
62,862.00
66,062.00
5.1%
62003511
511471
CLERK(S)
15,9.05.34
16,876.53
17,308.47
11,979.76
17,260.00
17,598.00
2.036
-
62003511
511481
SNOW RMVL
-2,516.52
-4,648.33
.00
.00
-2,500.00
-2,500.00
.0%
62003511
515000
OVERTIME
36,336.88
22,318.13
20,856.34
11,191.57
39,644.00
35,000.00
-11.7%
62003511
516050
OUT OF GRA
213.68
358.24
23.76
1,470.96
209.00
2,000.00
856.9%
62003511
516060
ONCALL PRM
1,628.00
2,390.00
2,644.00
1,464.00
2,942.00
2,942.00
.0%
62003511
516080
LONGEVITY
2,050.00
2,050.00
3,125.00
1,950.00
2,050.00
2,050.00
.0%
TOTAL SALARIES
261,906.85
250,376.03
285,754.49
169,582.29
308,147.00
267,908:00
-13.1%
OS
EXPENSES
62005519
519000
MEDICARE
603.00.
700.00
1,000.00
.00
1,000.00
1,075.00
7.5%
62005519
519700
RETIREMENT
20,566.00
14,512.00
14,876.00
22,273.00
22,273.00
23,275.00
4.5%
62005521
521301
ELECTRICIT
25,155.27
29,451.57
28,536.59_
18,689.02
32,250.00
33,'000.00
2.3%
62005524
524469
STATIONREP
.00
.00
.00
.00
.00
30,000.00
.0%
62005524
524474
MANHOLE
.00
.00
.00
.00
.00
10,000.00
.0%
62005524
524475
I&I REIMB
.00
.00
500.00
00
800.00
00
.00
00
.00
000
00
100
.0%
.0%
62005524
62005529
524476
529433
I&IPREVENT
HAZ WST DI
.00
.00
.00
9,206.43
.
8,429.33
.
.00
.
10,000.00
,
.
10,000.00
.0%
62005530
530000
PURCH SVC
.00
15,701.31
19,793.05
10,008.13
16,650.00
16,650.00
.0%
62005530
62005530
530105
530110
PRINTING
LGL COUNSL
.00
2,000.00
361.12
229.50
.00
.00
.00
.00
.00
2,500.00
.00
2,500.00
.0%
.096
62005530
530420
PLCE DTAIL
1,957.00
1,846.64
1,844.98
6,737.17
2,250.00
5,000.00
122.2%
62005530
530490
CNTSVCPUMP
7,476.38
12,607.08
18,895.01
5,174.63
15,7.25.00
15,000.00
-4.6%
62005530
62005530
530,491
530492
OTHCOMMSVC
SYS INSPEC
16,107.68
15,793.45
.00
1,735.83
.00
14,750.00
.00
1,761.58
.00
16,950.00
.00
16,000.00
.0%
-5.69.
62005531
531000
PRDEV TRN
.00
.00
.00
.00
510.00
500.00
0
-2.0%
0%
62005536
536000
LIC SFTWR
.00
7,000.00
1,000.00
.00
10,000.00
10,000.0
.
1
4%
62005540
540490
PMPSTASUPP
1,909.97
2,864.54
82
12,532.04
78
3
930
4,381.58
66
3
038
7,100.00
8,200
00
7,000.00
000.00
8
.
-
-2.4%
62005540
62005540
540493
540495
DIST SYS
CHEMICALS
1,788:37
.00
2,277.
2,550.00
,
.
3,355.96
,
.
3,.339.48
.
13,300.00
,
12,000.00
-9.8%
62005554
554000
UNFM/CLOTH
928.94
3,414.06
2,844.91
1,399.99
2,200.00
2,200.00
.0%
62005563
563400
MWRA
3,410,216.70
3,555,143.00
3,844,457.00
3,137,665.60
3,921,051.00.
4,164,476.00
6.2%
62005574
574000
HEALTHINS
67,574.00
60,500.00
58,067.08
48,523.59
87,500.00
75,000.00
-14.3%
62005574
574010
P&C INSUR
.00
663.00
627.00
726.00
1,000.00
1,100.00
10.0%
62005574
62005574
574500
574550
DEDUCT/CLM
WC INSURNC
.10,000.00
11,496.00
.00
8,250.00
8,415.00
10,161.00
.00
10,368.00
.00
15,000.00
.00
18,000.00
.0%
20.0%
62005578
578100
LICENSES
185.00
60.00
60.00.
60.00
.00
.00
.0%
TOTAL EXPENSES
3,593,757.76
.3,729,073.90
`4,054,095.73
3,274,946.43
4,185,459.00
4,560,776.00
9.0%
07
DEBT SERVICE
Town of Reading FY - 2012 Budget
312011113:54
New - Not Adin italics
Approved
[Debt Service
FY - 2011
Requested
Debt Servic
FY 2012
Projected Projected Projected 'Projected Projected Projected Projected Projected
Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service
FY - 2013 FY 2014 FY - 2015 FY 2016 FY - 2017 FY - 201FY - 2019 FY 2020
$ $
:1:65,113
$ ,1GZ2U6
$ 800.., $ 76;934 $ . 76 934 = $ $
4 - 0 0 0
MWRA Inflow & Infiltration interest loan
85,800
85,800
0 0 0
85,800 76,934 76,93
0 0
Sunn side/Fairview Sewer 07-11 Nov 01
79,313
76,406
0 0 0
4 0 0 0 0 0
Dnnavmont of Prinrinal
760,800
160,800
85,800 76,934 76,93
MWRA Inflow & Infiltration
MWRA Inflow & Infiltration
MWRA Inflow & Infiitration
07-11 Nov 01 75,000 15,uuu
4,313 1,406 0 0 0 0 0 0 0 0
07-11 Nov 01 4,313 1,406
-4
Town of Reading FY - 2012 Budget
312011113:54
'
Projected Projected Projected Projected Projected Projected Projected Projected
Debt Service Debt ServiceDebt ServICEDebt ServiceDebt ServICEDebt ServicEDebt Service)ebt Service
New - Not Approved In italics
ewer Fund< -
FY 2021 FY-2022
S
FY 2023
$
FY-2024 FY-2.0,25
=
FY-2026
$
FY-20 27 FY 2028
MWRA Inflow & Infiltration interest loan
0 0
0
0 0
0
0 0
Sunn sidelFairview Sewer 07-11 Nov 01.
0 0
0
0 0
0
0 0
00
Repayment of Principal: 0 0 0 0 0 u u u
MWRA Inflow & Infiltration
MWRA Inflow & Infiltration
MWRA Inflow & Infiltration
Sunn side/Fairview Sewer 07-11 Nov 01
Interest on Lon Term Debt: 0 0 0 0 0 0 0 0
Sunn sidelFairview Sewer 07-11 Nov 01
~1
Enterprise Fund Budgets
Assum
ationstorrY7s-rrro: wages
f.wi°
.
- 1.
00%
5
5
00-/16
I
Expenses
5.00%
5.00%
.
.
d
t
P
March 19, 2011
Approved
Percent
Requested
Percent
Estimated
Percent
Estimated
Percent
Estimated
Percent
Estimate
2016
FY
ercen
Chan
e
No
FY - 2011
Change
FY - 2012
Change
FY - 2013
Change
FY - 2014
Change
FY - 2015
Change
-
g
.
Y1
Storm Water
Salaries and Wages
70,076
0.00%
127,765
82.32%
130,320
2.00%
132,927
2.00%
135,585
1
2.00%
5
00%
138,297
575
71
2,00%
5
00%
Y2
Expenses
19,750
-7.34%
58,885
198,15%
61,829
5.00%
64,921
330,000
5.00%
100.00%
67
68,
317,000
.
-3.94%
,
634,000
,
100.00%
Y3
Y4
Debt Service
Capital Outlay
288,000
44.00%
190,000
-34.03%
200,000
5.26%
150,000
-25.00%
150,000
752
0.00%
05%
1
158,500
372
002
1
5.67%
44%
49
Y5
Storm Water Fund
377,826
29.66%
376,650
-0.31%
392,150
4.127,
677,847
72.65%
670,
.
-
,
,
0000
.
Reserves
Net Storm Water
30,000
347,826
1937%
376,650
8.29`Y°
15,000
377,150
0.13°~
677,847
79.73%
670,752
1.05%
952,372
41.99%
$100
estimated SFhouse
387k/
$440
$40
+100kres.
$80
+100kres.
$80
LT tgt
Reserve Fund levels
Water
064
1
485
1,160,064
860,064
660,064
610,064
560,064
500k+
Sewer
,
,
792,756
792,756
792,756
792,756
717,756
617,756
590
410
500k+
150k+
Storm Water
275,590
275,590
260,590
360,590
460,590
,
"i W1
Water
Salaries and Wages
632,349
0.00%
639,490
1.13%
652,280
2.00%
665,325
2.00%
678,632
44
2.00%
5
00%
692,205
041
299
3
2.00%
00%
5
W2
Expenses
2,698,736
-1.31%
2,714,129
0.57%
2,849,835
5.00%
2,992,327
286
5.00%
2
02%
3,141,9
901
1
539
.
52%
18
,
,
529
661
1
.
7.90%
W3
Debt Service
1,839,206
-2.70%
2,014,091
000
9.51%
97%
15
1,326,051
968
000
-34.16%
38%
217
1,299,
000
895
.
-
-7.54%
,
,
500,000
.
-44.13%
,
,
365,000
-27.00%
W4
Capital Outlay
263,000
-22.65%'
%
305,
710
5
672
.
41%
4
,
166
796
5
.
2.18%
,
5,851,939
0.96%
5,860,476
0.15%
6,017,774
2.68%
W5
Water Fund
5,433,291
-2.93
,
,
.
,
,
tgn nnni
150.0001
offsets forgen'ltund
W99 Water Fund voted
(sttsot)
5,055,924
te(r,Jul)
5,295,343
k-,..,.'/
5,409,365
5,455,467
5,454,094
5,601,232
X1
Sewer
Salaries and Wages
308,147
7.64%
267,908
-13.06%
273,266
2.00%
278,731
2.00%
284,306
498
2.00%
00%
5
289,992
473
858
5
2.00°!°
000/0
5
X2
Expenses
4,444,463
1.13%
4,819,780
8.44%
5,060,769
0
5.00%
10°!
47
5,313,807
934
76
5.00%
33%
-10
5,579,
934
76
.
0.00%
,
,
.
-100.00%
X3
Debt Service
165,113
32.93%
56%
23
162,206
157
000
-1.76%
76%
-71
85,80
130
000
°
.
-
-17.20%
,
37,000
.
-71.54%
,
100.00%
0.00%
X4
X6
Capital Outlay
Sewer Fund
556,001
473,724
5
.
4.16%
,
5,406,894
.
-1.220/a
,
5,549,835
2,64%
5,706,473
2.82%
5,940,738
4.11%
6,148,465
3.50%
,
75000
100,000
Reserves
Net Sewer Fund
161,001
5,312,723
3
5,406,894
' 1.77%
5,549,835
2.64%
5,706,473
2.82%
5,865,738
8
919
2.79%
6,048,465.
892)
(285
3.12%
offsets forgen'lfund
(259,004)
(259,004)
(265,479)
4
6
(272,116)
434,357
5
,
)
(27
819
5
661
,
5,862,573
X99
Sewer Fund voted
5,214,720
5;147,890
,35
5,28
,
,
,
W&S gross
10,907,015
11,079,604
11,346,001
%
11,558,412
0
11,801,214
000
125
12,166,239
000
150
W&S reserves
386,001
14
1
88%
325,000
604
754
10
22%
2
. nnn
046,001
11
2.71%
200,00
11,356,412
2.83%
,
11,676,214
2.80%
,
12,016,239
2.91%
WS
W&S net
10,521,0
.
,
,
.
,
U i
Benefits, Capital, Debt & Regional Schools
FY12 Budgets
BUDGETS
FY10
FY11
FY12
Chan 2e'
Benefits
$10,951,082
$11,712,081
$12,845,486
+9.7%
Capital
$1,080,725
$1,273,000
$948,000
-25.5%
Debt
$5,765,113
$6,158,003
$6,063,446
-1.5%
Regional Schools
$377,964
$327,946
$369,343
+12.6%
TOTAL
$18,174,884
$19,471,030
$20,226,275
+3.9%
Note: State Assessments
$580,006
$568,602
$585,840
+3.0%
(not voted by Town Mtg)
N
O
Benefits
Retirement ($3,097,986; +3.5%): Due to a previous decline in
the investment value of retirement assets, the Retirement Board
voted a larger than usual increase of +4.5% to the annual
contribution required. Using actuarial assumptions, the Town is
projected to meet all required funding dates: The Town's self-
insured portion of this budget remains steady at $75,000; and a
$15,000 expense pays the annual fees associated with seasonal
and part-time employees' recent shift from social security to a
403(b) plan.
premiums will be ameliorated by a 5% early payment discount.
Recent claims are low, so we will absorb some of this increase by
reducing that budget for FYI 2. .
Worker Compensation ($325,000; +6.6%): The Town just
received word to expect up to a 20% increase for FY12. This is
not in line with recent claims history, and we will determine why
that type of increase is projected. A $300,000 budget for
n
Unemployment Compensation ($150-,000; +20%): This is an
increasingly difficult expense to forecast as the economy has
slowed and federal eligibility rules continue to evolve. We have
budgeted in anticipation of layoffs in the FY12 Town & School
budgets. The FY11 budget of $125,000 is generally accurate for
the year to date, but the monthly volatility is very high.
Health & Life Insurance ($8,562,500; +12.3%): The FY12
budget allows for a 13.55% increase in health insurance premiums
and an additional 2% in new enrollments, the latter a figure we
have seen in FY 11 thus far. However, this budget makes some
assumptions about changes that will save the Town about 3% and
these are subject to collective bargaining. It also sets aside
$20,000 to prepare to go out to bid if market conditions are
appropriate next fall.
Health insurance is the largest single budgeting challenge in
municipal government finance, as it is in many private sector
businesses. In the.public sector it is compounded by the fact the
work force is about ten years older than in the private sector
according to most recent studies. The public sector is also
constrained by fact that engineering is not designing new products
to sell and marketing is not enticing customers to buy more
existing products.
N
Given the lower natural revenue growth, it is that much more
imperative for the public sector to reign in health care costs, and
the Town of Reading in conjunction with all of the unions from
the Town, School and Light departments have made many plan
design changes in recent years. These changes have been designed
to shift the burden away from premium costs and onto the
employees that use medical services in the form of higher out of
pocket expenses. In addition, a shift to a so-called GIC look alike
program'has served to make employees benefit from utilizing the
most medical/cost-efficient providers. The Town pays 71% of
total premiums, a figure that is still lower than many other
communities who pay between 75% and 90% o.
Over the past five years, the increase in health insurance budget
costs is 5.5% per year - and 2.3% of that increase is from annual
increases in enrollment, often brought on by spouses in the private
sector losing their benefits.
Medicare ($650,000; +7%): After a long history of underfunding
this difficult to forecast expense, the MUNIS system was
instrumental in properly projecting this beginning in FY10. A'7%
increase is forecast, partly for rate increases and partly for
ongoing demographic shifts in the workforce. .The annual rate of
increase should now decrease in future years.
Indemnification ($60,000; +3.9%): Police & Fire expenses can
vary widely in this line item.
Capital
A similar amount of cash capital is available. in FY12. The large
reduction shown above is due. to the fact that November Town
Meeting added $280,000 for improvements to Causeway Road.
The FINCOM 5% policy plus energy savings from performance
contracting will support about $1 million in capital, and the
priority projects amount to $948,000 of that allowance:
Town Facilities ($222,000): $85,000 DPW security system;
$40,000 Town Hall fire alarm upgrade, $25,000 exterior doors at
the Senior Center; $20,000 carpetiflooring at Town Hall; $20,000
HVAC unit for Dispatch; $12,000 to rebuild front steps at Town
Hall; $10,000 door replacements at the West-Side Fire Station;
and $10,000 for two overhead doors at the DPW garage;
School Facilities ($123,000): $25,000 each for PA systems at
Birch Meadow and Kiliam; $25,000 to motorize RMHS field
house bleachers; $24,000 to replace three cafeteria windows at
Joshua Eaton; and $24,000 to replace tile damaged by moisture at
Coolidge;
Fire ($14,000) to replace firefighter air bottles; and
Public Works ($589,000): $450,000 for local roads; $45,000 for
the Joshua Eaton playground; $37,000 to replace a 1989 Chevy
pickup for the Parks division; $32,000 to replace a 2000 Ford
Explorer for the Engineering division; and $25,000 in general
curb and sidewalk repairs for pedestrian safety.
Debt
There are no significant changes in FY12 for the Town's debt
service. The $2 million Green Repairs program underway by the
School Facilities department will replace windows at Birch
Meadow elementary school, and replace the roof at Killain
elementary school. Article 16 at the Annual Town Meeting this
spring will provide a detailed update where the original scope of
work will decrease and it may be desirable to increase the size of
the debt authorization from $2.0 million to $2.25 million. This
debt budget assumes one interest payment on the Town's share
(52.79%) of a $2 million project. Town Meeting in November
2011 may need to make a small adjustment to this budget if
Article 16 is approved, and the debt is sold.
N
N
In FY13, the amount under this project will increase by about
$100,000. In FY14 debt service on a $1.5 million cemetery garage
is scheduled to begin, and in FYI 5 debt service on a $1.5 million
Q DPW cold storage building is scheduled to begin. These three
projects will take up a lot of slack in the debt budget that would
have otherwise provided a big increase in annual `cash capital'
that was previously forecast.
Regional Schools
The budget is increased for FY12 because of a new enrollment at
Minuteman (costs include transportation). We have projected a
5% increase at Northeast but have not heard about our enrollment
figures as of yet.
N
W
Town of Reading, MA
FY-2011
FY-2012
FY-2013
FY-2014
FY-2015
FY-2016
FY-2017
FY-2018
FY-2019
FY-2020 .
FY-2021
FY12-21
ProjecteduseofSale ofR/EFund
300,000
300,000
250,000
200,000
150,000
100,000
50,000
-
1,050,000
NetAvailable Revenue annual %
5% NAR policy - debt & capital
3,540,577
3,533,287
2.12%
3,608,358
2.50%
3,698,567
2.50%
3,791,031
2.50%
3,865,807
2.50%
3,962,952
250%
4,082,526
250%
4,184,589
2,50%
4,2891204
4,396,434
39,452,755
9
"
Debt Schedule - Net Included Debt
2,897,776
2,807,632
2,397,364
2,166,172
2,464,084
2,251,042
2,137,738
2,008,697
1,319,708
951,283
896,745
400,465
1
,
Allowance for energy savings
317,869
300,000
655
1
025
300,000
994
510
1
300,000
395
832
1
300,000
947
1
626
300,000
934
765
1
300,000
2,145,214
300,000
2,373,829
300,000
3,154,881
300,000
3,637,921
300,000
3,799,609
3,000,000
23,052,290
- Avai ab a to fund Capita
Dedicated funds to roads
960,670
(425,000)
,
,
(450,000)
,
,
(500,000)
,
,
(550,000)
,
,
(600,000)
,
,
(650,000)
(700,000)
(750,000)
(800,000)
(850,000)
(900,000)
(6,750,000)
Allocate to other requests
535,670
575,655
1,010,994
1,282,395
1,026,947
1,284,765
1,445,214
1,623,829
2,364,881
2,787,921
2,899,689
16,302,290 s
Schools - Equipment
-
-
120,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
920,000
6
Buildings - Schools (non Energy)
1,020,000
49,000
105,000
127,000
471,000
526,000
130,000
39,000
1,504,000
685,000
,000
3,63
Buildings - Schools (Energy)
1,000,000
74,000
12,000
12,000
-
42,000
158,000
-
15,000
25,000
26,000
364,000
000
1
635
Buildings - Town (non Energy)
-
157,000
120,000
50,000
30,000
327,000
469,000
202,000
280,000
,
,
240
OOD
Buildings - Municipal (Energy)
-
000
255
65,000
000
14
120,000
000
36
-
155,000
-
69,000
20,000
654,000
20,000
316,500
15,000
90,600
-
150,000
849,000
339,000
,
2,673,100
Public Safety - Fire
,
,
,
-
000
35
000
211
10,000
-
-
35,000
291,000
PublicSafety - Police
PublicWorks - Equipment
115,000
69,000
284,300
,
189,800
,
293,100
275;100
672,100
752,400
522,600
728,500
96,200
3,883,100
Public Works - Parks & Cemetery
45,000
45,000
75,000
778,000
295,000
200,600
545,000
730,600
1,450,800
767,000
45,000
4,932,000
Public Works - Roads
558,000
475,000
525,000
575,000
625,000
675,000
750,000
800,000
850,000
900,000
950,000
7,125,000
TOTAL CAPITAL
2,993,000
948,000
1,397,300
2,021,800
2,094,100
2,829,700
3,160,600
2,729,600
4,907,400
4,054,5(10
1,556,200
25,699,200
Dedicated to Roads (previous over-ride)
425,000
450,000
500,000
550,000
600,000
650,000
00
700,060
460
600
2
750,000
600
1
979
800,000
107
400
4
850,000
500
204
3
900,000
656,200
6,750,000
111,949,200
Capital Requests above road portion
2,568,000
0
498,000
655
575
897,300
994
1
010
1,471,800
282
395
1
1,494,100
947
026
1
2,179,7
765
284
1
,
,
1,445,214
,
,
1,623,829
,
,
2,364,881
,
,
2,787,921
2,899,689
16,302,290
Capital Funding to allocate
Annual Surplus (Deficit)
568,00
(2,000,000)
,
77,655
,
,
113,694
,
,
(189,405)
,
,
(467,153)
,
,
(894,935)
(1,015,386)
(355;771)
(1,742,519)
(416,579)
2,243,489
Cumulative Surplus (Deficit)
(189,405)
(656,558)
(1,551,493)
(2,566,879)
(2,922,650)
(4,665,169)
(5,081,74&)
(2,838,259)
0
School Buildings
49,000
105,000
127,000
471,000
526,000
130,000
39,000
1,504,000
685,000
3,636,00
000
635
1
Town Buildings
157,000
120,000
50,000
00
30,000
327,000
000
62
469,000
178
000
202,000
000
15
280,000
15,000
25,000
26,000
,
,
604,000
Energy
Facilities Capital
• 139,000
345,000
132,000
357,000
12,0
189,000
-
501,000
,
915,000
,
777,000
,
256,000
1,799,000
710,000
26,000
5,875,000
Facilities Debt
457
968
1
1,579,376
1,890,017
2,194,906
2,092,833
1,984,853
1,1361,177
1,319,708
951,283
896,745
16,739,354
Facilities Tot.
,
,
2,313,457
1,936,376
2,079,017
2,695,906
3,007,1133
2,761,853
2,117,177
3,118,708
1,661,283
922,745
22,614,354
000
45
000
75
778,000
295,000
200,600
545,000
730,600
1,450,800
767,000
45,000
4,932,000
Recreation
,
000
83
,
300
340
379,800
398,100
939,100
988,600
843,000
707,600
1,577,500
435,200
6,692,200
Equipment
Roads
,
475,000
,
525,000
575,000
625,000
675,000
750,000
800,000
850,000
900,000
950,000
7,125,000
Technology
-
100,000
100,000
275,000
100,000
100,000
. 100,000
100,000
100,000
100,000
1,075,000
24
200
Other Capital
603,000
1,040,300
1,832,800
1,593,100
1,914;700
2,383,600
2,473,600
3,108,400
3,344,500
1,530,200
,
19,8
Other Debt
175
839
817,988
276,155
269,178
158,209
152,885
147,520
-
-
-
2,661,109
Other Total
,
1,442,175
1,858,288
2,108,955
1,862,278
2,072,909
2,536,485
2,621,120
3,108,400
3,344,500
1,530,200
22,485,309
ems.„
Y \t)
G A S
N
-P
MA
Town of Reading
FY-2011
FY-2012
FY-2013
FY-2014
FY-2015
FY-2016
FY-2017
rY-ZUUJ
rY-zu-ty
rY-4ucu
rY -Luci
r T iG-r i
.
,
t
120
000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
. 100,000
920,000
c oo s - gmpmen
,
Technology - Districtwide Infrastructure
000
100
000
100
100,000
100,000
100,000
100,000
100,000
100,000
100,000
900,000
Technology - Instructional Equipment
,
,
20,000
Vehicles
s (Total)
i
000
020
2
000
123
20,000
117,000
139,000
471,000
568,000
288,000
39,000
1,519,000
710,000
26,000
4,000,000
ings - coo
u
ui tngs - coos (Energy)
,
,
1,000,000
,
74,009
12,000
12,000
-
42,000
158,000
15,000
25,009
26,000
364,009
Buildings - Schools (non Energy
1,020,000
49,000
105,000
127,000
471,000
526,000
130,000
39,000
1,504,000
685;000
-
3,636,000
Energy (Performance Contracting)
various item sfinancedby
DEBTfor13yTs
50,000
Electrical Systems
Sch
S
h
-
50,000
-
000
12
12,000
22,000
158,000
15,000
25,000
26,000
270,000
HVACIEnergy Mgmt Systems
c
,
000
44
Windows & Doors
Sch
1,000,000
24,000
-
20,000
,
Generators
Sch
-
-
Technology Infrastructure
Sch
Water Heater
Sch
ADA Compliance
Sch
_
Ceilings
Sch
14,000
14,000
Classroom Furniture
Sch
-
Compressors
Sch
Fire Alarms
Sch
-
181000
Cafeteria Equip. & Furniture
Sch
18,000
Plumbing
CapetrFiooring
Sch
Sch
-
-
24,000
83,000
109,000
79,000
- •
134,000
-
80,000
25,000
534,000
00
Roofing
Sch
1,000,000
-
392,000
392,000
-
-
1,504,000
685,000
2,973,0
Security System
Sch
20,000
-
Fire Supression System
Sch
-
000
50
97,000
Other
. Sch
25,000
22,000
,
-
JAb-
~ nrej
14.-
,r~, dw
Town of Reading, NU
FY-2011
FY-2012
FY-2013
FY-2014 FY-2015
FY-2016
FY-2017
FY-2018
FY-2019 FY-2020
FY-2021 FY12-21
875
000
1
ut mgs - umcipa
-
222,000
240,000
50,000 30,000
347,000
489,000
217,000
280,000
,
.
,
_
000
240
Buildings - untcipa (Energy
Buildings - Municipal (non Energy)
65,000
157,000
120,000
120,000,
-
50,000 30,000
20,000
327,000
20,000
469,000
15,000
202,000
_
280,000
,
1,635,000
Energy (Performance Contracting)
various items financed by DEBT (or 15yrs
-
Electrical Systems
Mun
n
M
-
000
20
35
000
20,000'
20,000
15,000
110,000
HVACIEnergy Mgmt Systems
u
,
,
100,000
Windows & Doors
Mun
45,000
55,000
30,000
Generator
Mun
30,000
_
Technology Infrastructure
Mun
Water Heater
mull
ADA Compliance
Mun
,
10,000
Ceiling
Mun
10,000
_
Furniture
Mun
Compressor
MU/7
40,000
Fire Alarm
Mun
40,000
-
Kitchen/Cafeteria
AMR
Plumbing
Capefflooring
Mun
Mun
-
20,000
10,000
30,000
327,000
469,000
202,000
280,000
60,000
1,278,000
Roofing
Mun -
-
-
85,000
N Security System
Mun
85,000
01 Fire Supression System
Mun
162,000.
Other (DPW design'13,'14)
Mun
12,000
100,000
50,000
, v vv ~
n 0 CJu"" "~S
N
M
Town of Reading, MA
FY-2011
FY-2012
FY-2013
FY-2014
FY-2015
FY-2016
FY-2017
FY-2018 FY-2019 FY-2020 FY-2021
FY12-21
Library
umis ings. Shelving yr- o or renovation ecision
Circulation System ($100k - hold for renovation decision)
Debt Excl
Debt Excl
Debt Exc/
Debt Excl
Debt Excl
Debt Excl Debt Excl Debt Excl Debt Excl
Renovation ($12mil project)
- ire
u is a et
255,000
14,000
36,000
155,000
69,000
654,000
3161500
90,600 150,000 849,000 339,000
2,673,100
y
Pumper Eng #1(2010-$525k; next FY30)
Debt
Debt
'Debt
Debt
Debt
Pumper Eng #2(2007-$410k; next FY25)
Debt
Debt
Debt
630
000
Pumper Eng #3(1995: est $630k FY16)
630,000
804,000
,
804,000
Pumper Eng #4(2001: est $804k FY20)
Ladder Trk 91(2008: $800k, next FY27)
Debt
Debt
Debt
Debt
Debt
Debt
Debt
Debt 284,000
294,000
Ambulance #1 (2000-10 yrs)
230,000
275,000
275,000
Ambulance #2 (2006 -10yrs)
Patient Care Reporting System
25,000
41,500
41,500
Passenger Car#1(2005-10yrs)
45,000
45,000
Passenger Car#2 (1997 -10yrs)
45,600
45,600
Pickup Truck #3 (2006 -12yrs) '
36,000
Pickup Truck #4 (1996 -12yrs)
36,000
000
69
Alarm Truck (1994-16yrs)
69,000
24
000
,
24,000
ALS Defibrillator (2006 - 5yrs)
,
45,000
45,000
Rescue Tool(2006 -12yrs)
14,000
Breathing Air Bottles
14,000
45,000
45,000
Thermal Imaging (2010 -10yrs)
25,000
Fire Hose
25,000
000
130
150,000
260,000
Tumout Gear (2008 - 5yrs)
,
000
35
211
000
10,000
35,000
291,000
u is a ety - Police/Dispatch
,
,
000
10
10,000
Handguns & Associated Leather (Police)
,
16,000
Digital Fingerprint Scanner
16,000
000
35
70,000
Vehicle Video Integration
35,000
,
20,000
AEDs
20,000
175,000
Public Safety software ($175k)
175,000
MA
Town of Reading
FY-2011
FY-2012
FY-2013 FY-2014'
FY-2015
FY-2016
FY-2017
FY-2018
FY-2019
FY-2020 FY-2021
FY12-21
100
883
3
,
Public or - qurpment
115,000
69,000
284,300 189,800
293,100
275,100
672,100
752,400
522,600
728,500 96,200
0
,
,
000
990
Large Trucks Life 115,000
60,000
115,000
64,000
280,000
123,000
72,000
276,00
,
000
123
Truck #4 - Sander (2001)
15
220,000
123,000
,
220,000
Truck #8-10 wheeler (2000)
15
136,000
136,000
Truck #9 - Sander (2004)
15
Truck #16 -Sander(1990)
15 115,000
140,000
140,000
'
Truck #19 - Sander (1987)
15
000<---..
60
60,000
a.
ump Truck C2 (1996)
10
,
000
60,
60,000
ZM
Dump Truck C3 (1999)
'
10
000
115
115,000
Truck #10 (1996)
15
,
64
000
64,000
Dump truck #12 Parks (1997)
15
,
72,000
72,000
Dump truck #24 Parks (2000)
15
69
000
35,000
81,000
113,700
39,500
48,700
130,000
95,000.
611,900
Pick-ups/Cars/Vans
,
35,000
Pickup Ford Utility #11 (1989)
10
35,000
31,000
Pickup Chevy #9 Parks (1986)
10
37,000
46,000
Pickup Ford Utility #C1 (1997)
10
46,000
000
46
46,000
Pickup Ford #2 Parks (1997)
10
,
85,000
85,000
Pickup Chevy Utility #1 (2008)
10
50,000
50,000
Pickup Ford Utility #4 (1997)
10
35,000
N
Pickup Ford Utility #7 (1997)
10
35,000
36,500
v
HV3 Ford Van (1995)
10
36,500
39,500
39,500
HV4 Ford Van (1995)
10
48,700
48,700
HV5 Ford Van COA (2003)
10
32,000
Survey #1 Ford Explorer (2000)
10
32,000
45,000
45,000
Car#2 Ford Sedan (2007)
10
45,000
45,000
Car#3 Ford Escape HYBRID (2008)
10
31,200
Cem. #4 Ford Sedan (1993)
10
31,200
400
32
000
200
96,000
180,000
613,400
t
E
i
105,000
,
,
pmen
qu
BackhoeslLoaderslHeavy
96,000
96,000
Backhoe Loader (Cem.)(2008)
10
200,000
200,000
Loader JD #624G (2007)
10
180,000
180,000
Loader Cat #928F (1994)
10
400
32
32,400
Bobcat Loader 743 (1987)
10
,
105,000
CAT Bulldozer 951 (1971)
105,000
r16 ~"au s
Town of Reading, MA FY-2011
FY-2012
FY-2013
FY-2014
FY-2015
FY-2016
FY-2017
FY-2018
FY-2019
FY-2020
FY-2021
FY12-21
Specialty Equipment - Heavy Duty
168,700
255,000
217,000
135,000
111,000
886,700
48`700
Tractor Ford 445 (Parks) 15
48,700
82,000
82,000
Roller - Ferguson 46A (1988) 15
135,000
5,000
13
Screener (1994) 15
000
130
130,000
Pavement Leeboy Sprd (1998) 10
,
111,000
111,000
Sidewalk Snow Plow #3(2008) 10
120,000
Snow -Holder #1 C6000 (1995) 10
120,000
135,000
135,000
Snow - Holder #2 C9700 (1997) 10
000
125
125,000
Snow - Bombardier #1 (1993) 10
000
20
800
37
26,800
30,000
,
43,000
81,500
891600
66,500
395,200
Specialty Equipment - Light Duty
,
,
800
26
HW Comp2 INT Compr (1995) 10
26,800
21
000
,
21,000
300L Lebot (Roller) (1998) 10
,
37,800
Eager Beaver Trailer (1985) 15
37,800
66,500
66,500
1CH Woodsman Chipper (2004) 10
39,500
39,500
1GV Leaf Vac (1999) 10
46,000
46,000
2CH Mobark (1989.) 10
43,600
4
3,600
2GV Leaf Vac (2000) 10
42,000
42,000
SmithCo 60 Leaf Vac (1999) 10
20,000
Toro 48" LeafVac (1993) 10
20,000
000
30
N
00
FMC Truck Mount Sprayer 500gal
30,000
22,000
,
22,000
SmithCo 13-550 Infield (1994) 7
600
15
70,300
35,000
54,600
82,200
96,200
353,900
Lawnmowers
,
500
17
,
17,500
Mower (Cem.) SKAG 72" (1998) 4
,
200
18
18,200
Mower (Cem.) SKAG 61" (1999) 4
300
70
,
96,200
166,500
Mower (Parks) TORO Gang (1996) 8
,
200
18
33,800
Mower (Cem.) SKAG 52" (1995) 4
15,600
500
17
,
17,500
Mower (Parks) SKAG 52" (1998) 4
,
,200
82
82,200
Mower - TORO Gang (2008) 6
200
18
18,200
912F#2 John Deere Mower (1989) 7
,
32,000
Engineering Equipment/Services -
-
20,000
. 12,000
32,000
Survey Equipment/Plan Plotter
00
000
45
201000
75
000
12,000
000
778
295,000
200,600
545,000
730,600
1,450,800
167,000
45,000
4,932,000
Public or - Parks emett 45,0
,
,
,
Public or - Cemetery
Cam garage - design $100k (in Town Facilities FYI 3)
Cem garage - $1.5mil (debt FY14-18)
d
-
-
000
30
Debt
50,000
Debt
20,000
Debt
50,000
Debt
20,000
Debt
50,000
20,000
50,000
20,000
310,000
Groun
s
u is or cs -
,
000
30
20,000
20,000
20,000
20,000
110,000
Fence Replacement
,
000
50
50,000
50,000
50,000
200,000
Parking Lot Pavement
,
Cold storage building - design $50k (in Town Facilities FY14
)
D
bt
Debt
Debt
Cold storage building - $1.5mil (debt FY15-19)
Debt
Debt
e
N
CD
Town of Reading, MA
u 1c or - ar s
FY-2011
45,000
FY-2012
45,000
FY-2013
45,000
FY-2014
728,000
FY-2015_
275,000
FY-2016
150,600
FY-2017
525,000
FY-2018
660,600
FY-2019
1,430,800
FY-2020 FY-2021
717,000 25,000
FY12-21
4,622 000
Tennis Courts -Bancroft Ave. $485k
Debt
Debt
Debt
000
150
150,000
Artificial Turf@Parker MS $736k
.
Debt
Debt
Debt
250,000
,
250,000
Coolidge MS field upgrade (grass)
Reconstruct Playgrounds Program
30,000
45,000
45,000
45,000
45,000
25,000
25,000
25,000
25,000
25,000 25,000
330,000
Killam
Josh Eaton
Sturges
Wood End up
Hunt Pk
BM Tot lot
Wood End do
Mem Park
B Meadow
Barrows
Playground safety surface
15,000
Memorial Park $650k grant in FY10
Washington Park $625k
129,000
233,000
100,000
s
462,000
(also playground in FY10)
tennis ct
backstop
& shift field
path
124,000
124,000
basketball ct
Birch Meadow Complex = $2.116 mil
230,000
110,000
150,000
1,100,000
39,000
1,629,000
(also playgrounds in FY16&FY19)
BB courts
Man bkstop
softball light
fields & paths
st. backstop
000
59
Multi-Purp cts
dugouts
20,000
39,000
,
Playground $430k (Imagination Station)
430,000
bleachers
batting cage
lot backstop
430,000
500
219
Barrows $296k
95,000
124,500
,
(also playground in FY09)
backstop
tennis ct-
1
78
100
& infield
78,
00
,
basketball ct
30,600
30,600
Killam $30.6k
backstop
(also playground in FYI 1)
140,000
39,000
179,000
Joshua Eaton $179k
backstop
backstop
(also playground in FY12)
& infield
50,000
50,000
Symonds Way $.50k
backstop
125,000
125,000
Hunt Park $125k
backstop
(also playground in FY15)
63,800
63,800
.
Sturges Park $178.7k
tennis ct
(also playground in FY13)
80,000
80,000
basketball ct
37,000
37,000
backstop
325,000
325,000
Wood End $325k
field
W
O
Town of Reading, MA
FY-2011
FY-2012
FY-2013
FY-2014
FY-2015
FY-2016
FY-2017
FY-2018
FY-2019
FY-2020
FY-2021
FY12-21
Over-ride local share (previous schedule)
355,952
364,851
373,972
383,321
392,904
402,727
412,795
423,115
433,693
444,535
3,631,912
-50k/yr
-
Over-ride local share (new schedule)
425,000
450,000
500,000
550,000
600,000
650,000
700,000
750,000
800,000
850,000
900,000
6,750,000
Public Works - Roads
558,000
475,000
525,000
575,000
625,000
675,000
750,000
800,000
850,000
900,000
950,000
7,125,000
Sidewalk/Curb/Ped. SA
Street Signs
40,000
10,000
. 25,000
25,000
25,000
25,000
25,000
50,000
50,000
50,000
50,000
50,000
375,000
Downtown Improve ($650k 10yr bond)
Reconstruction: West Street
Debt
Debt
Debt
7,500,000
Debt
Debt
Debt
Debt
Debt
7,500,000
Skim Coating & Crack Seal Patch
Various Streets/local fund
Repair Killam parking lot
West Street design ($155k)
West Street - Local share ($480k)
Various Streets/Ch. 90 fund or grants
50,000
375,000
83,000
450,000
50,000
400,000
50,000
50,000
295,000
155,000
450,000
50,000
260,000
240,000
450,000
50,000
310,000
240,000
450,000
50,000
600,000
50,000
50,000
650,000
50,000
50,000
700,000
50,000
50,000
750,000
50,000
50,000
800,000
50,000
50,000
850,000
50,000
500,000
5,615,000
155,000
480,000
4,500,000
Total Cost of Roadwork
1,008,000
925,000
8,475,000
1,025,000
1;075,000
1,125,000
1,200,000
1,250,000
1,300,000
1,3501000
1,400,000
19,125,000
Chapter 90 or Grants
General Fund Cost
450,000
558,000
450,000
475,000
7,950,000
525,000
450,000
575,000
450,000
625,000
450,000
675,000
450,000
750,000
450,000
800,000
450,000
850,000
450,000
900,000
450,000
950,000
12,000,000
7,125,000
/1---1
.
w
Debt Service Schedule `o\t~ S of
111-FY25 f
Town of Reading FY - 21 Budget
Requested
Projected
Projected
Projected Projected
Projected
Projected
rrq/ectea
rrojectea
vrojectea
n uJeeiea
rI VJU6LUU
r-J-- J
25
3/20111 11:00 AM FY - 2011
FY - 2012
FY - 2013
FY - 2014
FY - 2015
FY - 2016
FY - 2017
FY - 2018
FY - 2019
FY - 2020
FY - 2021
FY - 2022
FY - 2023
FY - 2024. FY - 20
$ $
Debt Service Schedule $
$
$
$
$
$
$
$
$
$
$
$
Overview
003.
158
Hera ° un 6
e
6;063,446:;
5;696,530>,
5 412;9p6 5 701;880 5;465;201,
:5,329 446 ;5;193,155 4 502,148;;; 4;.130,884 .;4;059;738
:3;522;694='.3;373 794 ;:-3,344,600 _
;336,188?;
,
1
.
Principal 4,165,000
4,185,000
3,915;580
3,715,580
4,055,580
4,005,580
4,060,580
4,100,580
3,585,580
1
0
3,370,580
580
215
1
3,455,580
580
210
1
3,080,580
740
580
3,075,000
000
535
3,185,000
000
635
330,000
330,000
Within Levy Limit 2,595,000
2,570,000
2,250,580
1,990,580.
000
2,270,580
000
1
785
2,155,580
850
000
1
2,140,580
000
920
1
2,110,580
000
990
1
5,58
1,5
000
070
2
,
,
2,155,000
,
,
2,245,000
,
2,340,000
,
2,440,000
,
2,550,000
0
Debt Exclusion 1,570,000
1,615,000
1,665,000
1,725,
,
,
,
,
,
,
,
,
,
,
5
8
304
760
556
603
114
442
298
794
159
600
61188
003
993
terest 1
I
446
878
1
1,730,950
1,697,326
1,646,300
1,459,621
1,268,865
1,092,575
6
916,
,
,
,
,
,
,
,
n
Within Levy Limit 764,812
,
,
699,668
608,820
637,628
655,540
557,498
459,194
360,153
266,164
197,739
148,201
98,470
644
343
71,620
174
227
46,976
624
112
6,188.
0
Debt Exclusion 1,228,191
1,178,778
1,122,131
1,059,698
990,761
902,123
809,673
732,423
650,404
562,565
455,356
,
,
,
Total Within Lev Limit: 3,359,812
3,269,668
2,859,400
2,628,208
2,926,120
2,713,078
2,599,774
2,470,733
1,781,744
1,413,319
1,358,781
839,050
30
714
706,620
620
706
681,976
976
681
336,188
188
336
Issued 3,359,812
3,242,106
2,726,257
2,100,322
2,022,990
1,851,704
1,780,156
1,692,871
1,345,639
1,299,470
1,247,689
,
7
,
,
0
,
0
Approved not issued _ 0
27,563
133,143
130,386
127;630
. 124,874
122,118
119,361
116,605
113,849
111,093
108,336
0
0
0
Not approved 0
0
0
397,500
775,500
736,500
697,500
658,500
319,500
0
0
0
0
0
0
MSBA share(Coolidge) 462,036
462,036
462,036
4
462,036
462,036
084
464
2
462,036
042
251
2
462,036
137,738
2
462,036
697
008
2
462,036
319
708
1
462,036
951,283
462,036
896,745
462,036
377,014
0
706,620
681,976
336,188
Net Included Debt 2,897,776
889
122
School Buildings(net) 1
2,807,632
054,445
1
2,397,36
. 986,484
2,166,172
909,081
,
,
845,426
,
,
792,228
.
,
733,960
,
,
662,928
,
,
474,940
439,240
403,265
(102,779)
346,508
333,620
0
0
,
,
Town Buildings 440,000
,
420,000
0
893
592
397,500
436
583
775,500
980
573
736,500
564
105
697,500
393
553
658,500
749
539
319,500
525,268
0
. 512,043
0
493,480
0
479,793
0
360,113
0
348,356
336,188
Energy/Green Repair 473,988 494,013
457
968
70°l0 1
,
376
1
579
,
1,890,017
,
2,194,906
,
2,092,833
,
1,984,853
,
1,861,177
1,319,708
951,283
896,745
377,014
706,620
681,976
336,188
Recreation 184,369
,
,
178,565
,
,
172,855
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Equipment 300,613
292,710
285,170
199,130
194,590
86,100
83,660
81,220
0
0
0
0
0
0
Roads .84,419
81;900
79,463
77,025
74,588
72,109
69,225
66,300
0
0
0
0
0
0
Technology 291,500
286,000
280,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
.0
3077° 839,175
, 817,988
276,155
269,178
158,209
152,885
147,520
0
6
4
565
717
2
356
700
2
644
683
2
174
2
667
662;624 0
2
Total Debt Exclusion: 2,798,191
2,793,778
2,787,131
2,784,698
2,775,761
2,752,123
2,729,673
7
2,722,423
423
722
2
2,720,40
404
720
2
,
,
565
717
2
,
,
356
700
2
,
,
683
644
2
,
,
2,667,174
,
2,662,624 0
Issued 2,798,191
2,793,778
2,787,131
2,784,698
925
72
2,775,761
695
800
2,752,123
779
830
29,673
2,
177
863
,
,
895
575
,
,
932,601
,
,
971,942
,
,
1,013,596
,
,
1,057,565
1,103,848
1,154,759 0
MSBA share e2t. 698,872
722,014
745,155
,
7
,
,
,
,
7
803
1
7
624
745
1
760
686
1
079
626
1
553,326
1
1,507,864 0
099
319
Net Excluded Debt 2
764
071
2
2,041,975
2,011,773
1,975,066
1,921,344
1,866,496
1,826,648
,
,
8
,
,
,
,
,
,
,
,
,
,
,
SCHOOLS per $400k SF home
219
216
212
206
200
196
192
187
181
174
168
162
400
104
104
104
104
104
104
104
104
104
104
Estimate for Library -local share $7mil of $12mil
970,049
970,049
970,049
970,049
970,049
970,049
970049
970,049
970,049
970,049
NI, ~Z~
Iv CLJ & _1
Debt Service Scheddle
FY11-FY25
W
N
Town of Reading FY - 21 Budget
3120111 11:00 AM FY-2011
Requested
FY-2012
Projected
FY-2013
Projected Projected
FY-2014 FY-2015
Projected
FY-2016
Projected
FY-2017
Projected Projected
FY-2018 FY-2019
Projected Projected
FY-2020 FY-2021
Projected Projected
FY-2022 FY-2023
Projected Projected
FY-2024 FY-2025
Debt Service Schedule $
Overview
Principal + Interest'
Within'Le 'L!imrt , .33S9,812T
$
3,269;668';
$ $ $ $
2,859,400 ;2;628;208 2;926,120. Y7]3,078.
$ $ $ $ $ $ $ $
2599,774 _2,470i733r 1,781;74;4'. 9;413;319 ;1;356781 :639,05Q =,706,620-; .681976'.
$
336,:.188
Issued 3,359,812
3,242,106
2,726,257
2,100,322
2,022,990
1,851,704
1,780,156
1,692,871
1,345,639
1,299,470
1,247,689
730,714
706,520
681,976
336,188
Approved not issued
0
27,563
133,143
.130,386
127,630
124,874
122,118
119,361
116,605
113,849
111,093
108;336
0
0
0
Not approved
0
0
0
397,500
775,500
736,500
697500
658,500
319,500
0
0
0
0
0
0
remium RMHS
15,595
15,595
15,595
15,595
15,595
15,595
15,595,
15,595
15,595
15,595
15,595
15,595
15,595
15,595
0
Energy Improvements
473,988
466,450
459,750•
453,050
446,350
439,231
431,275
420,388
408,663
398,194
382,388
371,456
360,113
348,356.
336,188
Green Re W (1.05mil)
0
27,563
133,143
130,386
127,630.
124,874
122,118
119,361
116,605
113,849
111,093
108,336
0
0
0
BarrowsMd End $522k
47,025
45,900
44,775
43,650
42,525.
41,400
39,900
38,400.
37,200
36,000
34,800
33,600
32,400
31,200
0
Wood End
235,913
230,663
225,263
219,713
•212,963
206,213
199,463
193,463
187,463
181,463
175,313
169,125
162,825
156,450
. 0
Barrows
202,134
197,584
192,904
183,094
177,469
17.1,844
166,219
161,219
156,219
151,219
146,094
140,938
135,688
130,375
0
Coolidge
735,000
711;250
687,500
663,750
640,000
616,250
587,500
564,000
540,500
517,000
493,500
0
0
0
0
Parker@
274,988
258,125
246,491
230,086
218,910
202,963
187,320
152,288
0
0
0
0
0
0
0
Joshua Eaton@
53,203
41,830
25,839
15,229
0
0
0
0
0
0
0
0
0
0
0
Birch Meadow@
21,068
15,534
10,153
0
0
0
0
0
0
0
0
0
0
0
0
Parker Turf $375k
82,125
79,219
76,406
0
0
0
0
0
0
0
0
0
0
0
0
Tennis Courts $485k
102,244
99,346
96,449
0
0
0
0
0
0
0
0
0
0
0
0
Downtown im r $650k
84,419
81,900
79,463
77,025
74,588
72,109
69,225
66,300
0
0
0
0
0
0
0
Police Station
440,000
420,000
0
0
0
0
0
0
0
0
0
0
0
0
0
Ladder truck $800k
98,300
95,860
93,420
90,980
88,540
86,100
83,660
81,220
0
0
0
0
0
0
0
Pum er En #2 $410k
87,600
84,500
81,500
0
0
0
0
0
0
0
0
0
0
0
0
Financial S s $1.1mi1
291,500
286,000
280,500
0
0
0
0
0
0
0
0
0
0
0
0
Pumper En#1$525k
114,713
112,350
110,250
108,150
106,050
0
0
0
0
0
0
0
0
0
0
•Cem. Garage ($1.5m
0
0
0
397,500
378,000
358,500
339,000
319,500
0
0
0
0
0
0
0
Cold Stara e ($15m)
0
0
0
0
397,500
376,000*
358,500
339,000
319,500
0
0
0
0
0
0
: Detit'Exelusion ,
2,798091;
-2,793;778
2;787,131
.2;784;698 2;775,761. 2;752,123 ;-2,729,673,::.2 722;423 "2;720;404 ,'2,717,565
' 2;700,356
: 2,683 644:
-2'667j174 >
2;662;624
BarrowsMd End $787k
75,725
68,850
67,163
65,475
63,788
62,100
59,850
57,600
55,800
54,000
52,200
50,400
48,600
46,800
0
RMHS 2,706,735
-2,709,550
2,704,950
2,704,575
2,697,775
2,676,275
2,656,525
2,651,925
2,652,106
2,651,468
2,636,469
2,621,969
2;607,719
2,605,394
0
Wood End
15,728
15,378
15,018
14,648
14,198
13,748
13,298
12,898
12,498
12,098
11,688
11,275
10,855
10,430
0
N -_.J 3 0
Debt Service Schedule
FY11-FY25
W
W
Town of Reading FY -'I Budget Requested Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected
312011111:00 AM FY - 2011 FY-2012 FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-'2019 FY-2020 FY-2021 FY-2022 FY-2023 FY-2024 FY-2025
Debt Service Schedule $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
Overview
Issued 2,595,000 2,570,000 2,145,000 1,585,000 1,565,000 1,450,000 1,435,000 1,405,000 1,110,000 1,110,000 1,105,000 635,000 635,000 635,00 33U,UUU
Approved not issued 0 105,580 105 580 - 105,580 - 105,580 105,580.- 105,580 105,580 105,580 105,580 105,580 0 0 0
Alntannmvad -n 0- 0 300.000 600,000 600,000 600,000 600,000 300,0000 0 0 0 0 0
remium RMHS
Energy Improvements
335,000
335,000
335,000
335,000
335,000
335,000
335,000
335,000
335,000
335,000
330,000
330,000
330,000
330,000 330,000
Green Repair (1.05mil).
BarrowsMd End $522k
Wood End
30,000
150,000
. 30,000
150,000
105,580
30,000
150,000
105,580
30,000
150,000
" 105,580
30,000
150,000
105,580-,
30,000-
150,000
105,580
30,000
150,000
105,580
30,000
150,000
105,580
30,000
150,000
105,580
30,000
150,000
105,580
30,000
150,000
105,580
30,000
150,000
30,000
150,000
30,000
150,000
Barrows
130,000
130,000
130,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
Coolidge
475,000
475,000
475,000
475,000
475,000
475,000
470,000
470,000
470,000
470,000
470,000
ParkeQ
230,000
220,000
215,000
205,000
200,000
190,000
180,000
150,000
Joshua Eaton@
50,000
40,000
25,000
15,000
Birch Meadow@
20,000
15,000
10,000
Parker Turf $375k
75,000
75,000
75,000
Tennis Courts $485k
95,000
95,000
95,000
own own m r
Police Station
400,000
400,000
Ladder truck $800k
80,000
80,000
80,000,
80,000
80,000
80,000
80,000
80,000
Pumper En#2$410k
80,000
80,000
80,000
Financial S s $1.1mi1
275,000
275,000
275,000
Pumper En #1 $525k
105,000
105,000
105,000
105,000
105,000
Cem. Garage ($1.5m)
300,000
300,000
300,000
300,000
300,000
Cold Storage 015m)
;Debt Exclusion . 11570,000
BarrowsMd End $787k 50,000
RMHS 1,510,000
Wood End 10,000
,?1;615;000.
45,000
1,560,000
10,000
;1,665;000 .1,725,000
45,000 45,000
1,610,000 1,670,000
10,000 10,000
300,000
;1,785;000
45,000
1,730,000
10,000
=M 300,000
- -7 850,000 ::1;920,000 .
45;000 45,000
1,795,000 1,865,000
10,000 10,000
300,000
=1,990;000=
45,000
1,935,000
10,000
300,000
:2;070;000 .
45,000
2,015,000
10,000
2;155;000.
45,000
2,100,000
10,000
-2 245;000;:
45,000
2,190,000
10,000
=2;390,000.:2,990,000'
45,000 45,000
.2,285,000 2,385,000
10,000 10,000
; 2;550 000,- 0<
45,000
2,495,000
10,000
N tW,3 i
W
Debt Service Schedule
FY11-FY25
Town of Reading FY -2' Budget Requested Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected
3120111 11:00 AM FY - 2011 FY-2012 FY-2013 FY-2014. FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023 FY-2024 FY-2025
Debt Service Schedule $ $ $ $ $ $ $ $ $ $ $ $ $ $
Overview
Issued 764,812 672,106 581,257 515,322 457,990 401,704 345,156 287,871 235,639 189,470 142,689 95,714 71,620 4b,yt6 b,166
Approved not issued 27,563 27,563 24,806 22,050 19,294 16,538 13,781 11,025 .8,269 5,513 2,756 0 0 0
A/nt nnnmvod n n 0 .97500 175.500 136,500 97,500 . 58,500 19,500 0 0_ 0 0 0 0
remium RMHS
15,595
15,595
15,595
15,595
15,595
15,595
15,595
15,595
15,595
15,595
15,595
15,595
15,595
15,595
Energy Improvements
138,988
131,450
124,750
118,050
111,350
104,231
96,275
85,388
73,663
63,194
52,388
41,456
30,113
18,356 6,188
Green Repair (1, 05mi#
27,563
27,563
24,806
22,050
19,294
16,538
13,781
11,025
8,269
5,513
2,756
BarrowsMd End $522k
17,025
15,900
_ 14,775
13,650
12,525
11,400
9,900
8,400
7,200
6,000
4,800
3,600
2,400
1,200
Wood End
85,913
80,663
75,263
69,713
62,963
56,213
49,463
43,463
37,463
31,463
25,313
19,125
12,825
6,450
Barrows
Coolidge
72,134
260,000
67,584
236,250
62,904
212,500
5.8,094
188,750
52,469
165,000
46,844
141,250
41,219
117,500
36,219
94,000
31,219
70,500
26,219
47,000
21,094
23,500
15,938
10,688
5,375
Parker0
44,988
38,125
31,491
25,086
18,910
12,963
7,320
2,288
Joshua Eaton@
3,203
1,830
839
229
Birch Meadow@
1,068
534
153
Parker Turf $375k
7,125
4,219
1,406
Tennis Courts $485k
7;244
4,346
1,449
Downtown Im r $650k
19,419
16,900
14,463
12,025
9,588
7,109
4,225
1,300
Police Station
40,000
20,000
Ladder truck $800k
18,300
15,860
13,420
10,980
8,540
6,100
3,660
1,220
Pumper En #2 $410k
7,600
4,500
1,500
Financial S s $1.1mi1
16,500
11,000
, 5,500
Pumper En#1 $525k
9,713
7,350
5,250
3,150
1,050
Cem. Garage ($1.5m
97,500
78,000
58,500
39,000
19,500
Cold Storage ($15m)
'Debt'Ekcldsion _ :5
;1,229;191=.
1°,178;7.78
,1;122131.
::1;059,698
97500 78,000
?:990,761., 902,123
58,500
809;67.3.
39,000 19,500
' 732;423 650;404
.:5fi2,565
455,356..
;343`64,V-.-'---,
. :712;624. 0=
BarrowsMd End $787k
25,725
23,850
22,163
20,475
18,788
17,100
14,850
12,600
10,800
9,000
7,200
5,400
3,600
1,800
RMHS 1,196,738
Wood End 5,728
1,149,550
5,378
1,094,950
5,018
1,034,575
4,648
967,775
4,198
881,275
3,748
791,525
3,298
716,925
2,898
637,106
2,498
551,468
2,098
446,469
1,688
336,969
1,275
222,719
855
110,394
430