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Home My WebLink About2010-09-15 Board of Selectmen PacketOFRFq�fG ��y•�i p w d ,6`�8: 1NCOR40¢P� Agenda Financial Forum September 15, 2010 Library Conference Room 1) Call to Order (West) 2) Budget Timeline /calendar (LeLacheur) 3) Reserves (LaPointe) a. Current estimates b. Historic regeneration 4) Town Land Overview (Hechenbleikner) a. Lots available /'value' b. Sales /previous uses considered c. Potential uses 5) Revenues (LeLacheur) a. Current Sources (restricted vs. unrestricted) b. Revenue initiatives previously considered 6) BRAINSTORMING SESSION a. Potential New Revenues(Dockser) b. Identify Top Opportunities(Dockser) c.. Summary and Next Steps (West) 7) Closing Remarks (West) FY12 Budget Calendar Highlights Sept 15 — Financial Forum (FYI I review & revenue discussion) Oct 27 — Financial Forum (expense discussion & FYI budget guidance) Jan 24 — Financial Forum (Capital & state aid) March 2;9,16,23,30 — FINCOM Budget review meetings April 25 — Town Meeting begins 7:00pm 11• 0 f OFIIO'yc 3 Town of Reading 16 Lowell Street sss!IHCORQ�R' Reading, MA 01867 -2685 FAX: (781) 942 -9037 email: finance @ci.reading.ma.us Finance Committee Website:www.readingma.gov (781) 942 -6636 September 8, 2010 Dear Town Meeting Member, m The Reading Finance Comittee invites you to get involved in developing the FY2012 budget which will ultimately be voted at the 2011 spring Annual Town Meeting. The upcoming budget season will likely be one of the most challenging we have faced with increasing costs for services, declining revenue and limited methods to raise new revenues to provide town/school services. It will be important to gather resident feedback on services that are considered critical and to identify where � there are opportunities to save resources. We are preparing to kick off the season with our first Financial Forum on September 15th at 7:00 p.m. in the Library Meeting Room. This joint meeting of the Finance Committee, Board of Selectmen and School Committee will focus on revenues and will feature a brainstorming session to uncover alternate sources of revenue for the town to consider. Please join us and help generate new revenue ideas for consideration. We welcome your suggestions and comments. If you are unable to participate, feel free.to contribute your ideas to the Finance Committee by sending a message to fmance@ci.i%eadmg.mq.us . Future Financial Forums are planned for October 27`h focused on expenses and January 26th on the capital plan.. Finance Committee FY2012 budget review sessions will occur at FinCom Wednesday night weekly meetings in Town Hall from March 2 — 30, 2011. Together we can work to ensure Reading continues to provide robust town and school services at a reasonable value to the residents. Sincerely, Marsie West Finance Committee Chair Feb 1 All budgets delivered to Town Manager mid Feb. Town Manager final budget delivered to FINCOM Mar. 2 Consolidated Town/School FY12 Budget Calendar(public meetings in bold) 2010 Town Hall TopioTBA MorB Town/Sohoo|budQete Sept. 15 Financial Forum KHNCOM 7pm Library Revenues OcL4 School Committee 7:30pm RMHS SohookOiotrict|mpnoxomentPlonu - Odober Schools TopioTBA Mar. 30 Principals: improvement goals & budget needs October Town TopiuTBA Apr. Z6 Dept Heads: BOS goals & build budgets Oct. 18 School Committee 7:30pm R88M5 Fee review ' Oct. 27 Financial Forum ||/RNCOKO Tpm Sr. Center Expenses, FY12 budget guidance Nov.O Schools Budget requests toSuperintendent NouB Town meeting begins 7:30pm RK8HG Nov. 15 Town Budget requests hn Town Manager November Gchnn|o Superintendent reviews goals & budget requests Late Nov. Schools TBA T8A Superintendent holds community forums Dec. 17 Schools Superintendent budget finalized 2011 Jon.O Selectmen Oam Town Hall Town budgets reviewed Jeo.10 School Committee 7:30pm R8nHS School budgets reviewed Jen.15 Selectmen Oom Town Hall Town budgets reviewed Jan.13 School Committee 7:30pm RK0HS School budgets reviewed Jan.20 School Committee 7:30pm RKOHS School budgets reviewed Jon.24 School Committee 7:30pm RMHS School budgets reviewed; public hearing Jon. 2G Financial Forum U|/HNCC`K8 7pm Sr Center Capital, other updates Jnn.27 School Committee 7:30pm RK0HS Vote on final school budget Feb 1 All budgets delivered to Town Manager mid Feb. Town Manager final budget delivered to FINCOM Mar. 2 Town/School budgets 7:30pm Town Hall TopioTBA MorB Town/Sohoo|budQete 7:30pm Town Hall TnpioT8A Mar. 16 Town/Schoo|bodQote 7:30pm Town Hall TopicTBX Mar. 23 Tom/n/Sohom|budgeto 7:30pm Town Hall TopioTBA Mar. 30 Tpwn/Schoo|budgato 7:30pm Town Hall TopiuTBA Apr. Z6 town meeting begins 7:30pm RK0HS Town of Reading RESERVES Stabilization Funds .General Smartgrowth Incentive Payment Employee Buy -backs Sale of Real Estate (at June 30 with next FY commitment) Certified "free cash" July 1, 2009 5,189,292 Free Cash Used for FY2010 and FY2011 operations (9,199,827) 2010 1,524, 831 700,000 25,035 994,287 3,989,465 Historic Regeneration of reserves 2005 2006 2007 2008 2009 2010 Revenues: Variance from original budget $ Property taxes: 81,912 232,242 452,017 331,359 669,720 262,633 Motor Vehicle Excise taxes 217,456 35,294 - 43,330 - 78,255 - 149,039 82,330 Penalties and interest on taxes 1,635 -4,866 7,489 22,443 26,454 - 49,528 Payments in lieu of taxes 1,934 25,886 22,646 40,169 38,565 23,270 Charges for services 157,501 13;227 347,376 - 119,217 37,838 - 94,337 Licenses and permits 15,980 68,289 -4,942 19,207 68,156 25,594 Intergovernmental (includes State Aid & Medicaid Reimb) 308,859 246,006 650,035 276,926 - 594,392 - 315,500 Special assessments -35 - 1,346 53 -2,682 -2,376 -252 Fines 24,753 - 35,752 8,440 1,272 - 18,108 - 40,297 Investment income 603,780 935,302 1,263,497 1,007,946 - 95,185 - 59,403 Other 78,416 14,066 73,284 206,218 64,436 186,6291 Total revenue variance from budgeted amount 1,492,191 1,528,350 2,776,565 1,705,386 46,069 21,139 Property taxes: Property Taxes collected will be more than budgeted because of our conservative estimates in the growth on new taxable properties Motor Vehicle Excise taxes MV Excise was at 2.9 million for 5 years then dropped to 2.7 million in 2009 and 2.5 milion in 2010 Penalties and interest on taxes Penalties and interest are dependant on who decides to pay off old tax liabilities and therefore, very unpredictable. Charges for services Charges for services include Permits from the inspection department which are dependant on economic conditions Intergovernmental (includes State Aid & Medicaid Reimb) State Aid is not known during the budget development so estimates were kept at 5% growth unless state legislature guidelines suggested otherwise Investment income Interest rates for this 5 year period went from 6% to less than 1 %. We earn interest on money we borrow for projects (eg High School Const, Energy Improvements) We do not include interest on borrowed funds when budgeting revenues because it is not sustainable Other Other income includes one -time, unanticipated, non - recurring, inconsistant revenues. Insurance Dividends, MIIA rewards, legal settlements, reimbursement of prior year expenditures L91 Expenditures: Variance from original budget 2005 2006 2007 2008 2009 2010 . General government 88,579 58,506 46,569 150,011 200,599 221,803 Public safety 162,916 32,796 68,518 162,442 104,639 117,993 Education 31,358 51,893 46,884 99,145 213,378 286,158 Public works and facilities 18,816 119,164 100,117 137,804 143,191 189,609 Human services 22,191 - 3,605 -1,949 18,356 3,216 27,353 Culture and recreation 13,753 5 7,353 7,334 47,342 23,654 Employee benefits 175,039 54,373 42,723 125,138 1,119,740 214,982 Intergovernmental - 24,220 - 33,056 5,476 -957 -6,027 50,717 Debt service 0 9 875 -1,893 56,982 19,844 Continued appropriations from prior 0 0 0 0 0 year cancelled- not needed 12,024 54,198 66,787 236,354 43,940 58,621 Total expenditure variance from budget amount 500,456 334,283 383,353 933,734 1,927,000 1,210,734 Sum of Revenue & Expenditure Variances 1,992,647 1,862,633 3,159,918 2,639,120 1,973,069 1,231,873 General government Fin come Reserve Fund unspent FY08= 111000 FY09 100000 FY10 80000,lns Claims down. - saved 30000 FY09 Public safety Unused Sick buyback - reserve for retirements - 25000- 50000, Various Police /Fire Vacancies Education FY09 hold back to. cover reduction in State Aid - Fy10 Energy savings unspent to cover the Energy Improvement Loan Interest Public works and facilities FY08 Woodland Easement Project low bids saved $50,000, FY09 and FY10 Gasoline prices down - saved over 50K each year, trash less tonnage saved 47K in Fy09 and 70K in FY10 Human services Unfilled position in Elder Services $20,000 Culture and recreation FY09 Long Term Worker Comp vacancy Employee benefits FY09 ARRA funds paid Teacher Health Insurance to offset State Aid Reduction Intergovernmental Regional School Assessment lower than budgeted - less enrollment. Debt service FY09 Orig Budget Included estimates for refinancing school debt, FY10 est int expense on Energy Improvement Debt Continued appropriations from prior year cancelled- not needed FY08 - 15K Walker Brook area Appraisals, 31 K DPW study, 22K playgound, 75K Utility ovrpymnt refund Summary of Town Owned Land by Department ALL TOWN OWNED PARCELS AII) DEPARTMENT Data Total CEMETERY Number of Parcels 12 Number of Acres 54.9 CONSERVATION Number of Parcels 92 Number of Acres 955.7 GENERAL GOVERNMENT Number of Parcels 45 Number of Acres 30.6 ICE ARENA Number of Parcels 2 Number of Acres 16.0 MUNICIPAL LIGHT DEPT Number of Parcels 12 Number of Acres 18.0 PARKS Number of Parcels 19 Number of Acres 64.9 RIGHT OF WAY Number of Parcels 4 Number of Acres 0.3 SCHOOL DEPT Number of Parcels 28 Number of Acres 80.4 TAX TITLE Number of Parcels 10 Number of Acres 16.2 TOWN FOREST Number of Parcels 30 Number of Acres 204.6 WATER DEPT Number of Parcels 31 Number of Acres 135.1 Summary of Vacant Town Owned Land by Department VACANT TOWN OWNED PARCELS JY DEPARTMENT Data Total CEMETERY Number of Parcels 1 Number of Acres 3.0 CONSERVATION Number of Parcels 85 Number of Acres 953.5 GENERAL GOVERNMENT Number of Parcels 18 Number of Acres 12.6 MUNICIPAL LIGHT DEPT Number of Parcels 3 Number of Acres 0.9 PARKS Number of Parcels 1 Number of Acres 1.6 SCHOOL DEPT Number of Parcels 4 Number of Acres 6.7 TAX TITLE Number of Parcels 10 Number of Acres 16.2 TOWN FOREST Number of Parcels 27 Number of Acres 151.5 WATER DEPT Number of Parcels 20 Number of Acres 74.4 9/13/2010 Vacant General Government and Tax Title Parcels Plus Lothrop Road Lot Data sorted by descending size. Value from Assessing database (fy 10); size calculated by GIS. GIS Map # MAP LOTID STREET DEPARTMENT VACANT NAME ACRES ZONING LAND VALUE 1 33 -19 OAKLAND RD TAX TITLE Y Oakland Road lots & Oakland Rd ROW 5.77 S -15 $646,800 2 12 -131 W /SOF JOHN ST GENERAL GOV Y Adjacent to 13 -1. 3.89 IND $60,800 2 23 -56 QUANNAPOWITT PK GENERAL GOV Y Odd lots betw RE[ & Carnation Cir 3.66 S -15 $5,900 3 12 -80 ASH ST TAX TITLE Y Off Ash at Wakefield town boundary 3.28 IND $68,600 .3 32 -135 OFF GROVE ST TAX TITLE Y Near Henzie St 2.88 S -15 $11,700 2 23 -47 QUANNAPOWITT PK GENERAL GOV Y Odd lots betw Torre St & Carnation 2.17 S -15 $12,000 4 22 -53 EATON ST TAX TITLE Y Adjacent to Hunt Park 1-.91 S -15 $38;100 4 9 -19 OFF COUNTY RD TAX TITLE Y Top of bluff paralleling Rt 93 1.46 S -20 $83,900 4 9 -3 LOTHROP RD WATER DEPT Y Proposed water tower site? 0.70 S -20. $196,700 5 28 -202 PEARL ST GENERAL GOV Y Pearl St and Audubon Rd 0.62 S -15 $226,000 5 8 -61 HOPKINS ST GENERAL GOV Y "Hopkins Street Playground" 0.60 S -15 $263;300 6 51 -63 CHAPEL HILL DR GENERAL GOV Y Chapel Hill Dr lot 0.46 S -20 $162,900 1 33 -21 OAKLAND RD TAX TITLE Y Oakland Road lot; part of high knob 0.45 S -15 $252,800 6 4 -29 CURTIS ST GENERAL GOV Y Betw Greystone Way & Rt 95 0.22 S -20 $17,200 7 38 -54 BIRCH RD GENERAL GOV Y Access from Birch Rd ROW off Spruce 0.21 S -20, AQ $8,600 7 31 -5 CAUSEWAY RD TAX TITLE Y Near substation, across fr 2 houses 0.18 S -20, AQ $253,000 7 8 -11 BEAR HILL GENERAL GOV Y Betw Main, Summer, Kenneth Rd 0.13 S-15 $8,300 1 33 -37 MAIN ST GENERAL GOV Y Corner of Main & Birch Meadow Dr 0.13 S -15 $124,400 2 23 -62 TORRE ST GENERAL GOV Y Between Torre & RE[ 0.13 S -15 $115,900 3 32 -143 GROVE ST TAX TITLE Y Fronts on Grove N of Henzie St 0.11 S -15 $7,400 8 3 -9 WALNUT ST GENERAL GOV Y By Rt 93 cloverleaf 0.11 S -20 $17,200 7 27 -210 LOCUST ST GENERAL GOV Y ROW between Locust & Federal Sts 0.09 S -15 $103,200 8 17 -215 GREEN ST GENERAL GOV Y Narrow strip off Green Street 0.06 S -15 $71,600 8 32 -13 OFF PARKMAN RD GENERAL GOV Y End of Laurel Ln ROW 0.06 S -15, AQ $800 7 31 -7 CAUSEWAY RD TAX TITLE Y tiny lot at Lowell St end 0.06 S =20, AQ $50,000 9 4 -113 STURGES RD TAX TITLE Y Sturges Rd at South St 0.05 S -15 $19,300 9 23 -70 BAY. STATE RD GENERAL GOV Y Betw Bay State Rd & freeway access 0.04 S -15 $5,200 8 3 -18 WALNUT ST GENERAL GOV Y By.Rt 93 cloverleaf 0.02 S -20 $4,600 9 21 -147 KINGSTON ST GENERAL GOV Y Sliver mid - block; W side 0.00 S -15 $100 9/13/10 U l 1 EJ �55, ,• �56 <s 57, rrt �,� 58 59 ' NORTH ). }lc READING ANBpR. {& k3 •vJ.{r sk 49ti ?50 , lr l 51 I _ 52 t ' .. )rl ti : r ,tl�t 153' 'tl )r •. Lr` � $ 51.-63i f' �1 +� .'`�Irr • -' ^- ,�.Ir t�' } �3a� j__. ,, '�Irr ,}�ri 53J[t ! °'s �'sJ.tt� •� } *� {r •�sr;� - ., ,y b � i •5Ur ,�.4r Wir �}d✓ �s',af� ' • � ._... 44 =� .r '%� 45 46� Fah'- . - �1,�. O`ILDp �1r47' :: '' � )+t , . }'�) M1 ` 48 -•_ ilk :_,ti, r 01 _'s wg- rn 3 .mot 7u CO 38 - ' .. ,.-39 � � • .�..'s3Jfr. • : =: •:: -.. • -.: O P t1e� •y S� 5� Ot$. � �,ti ... .�� •.. _ sir )dC �,){ mss• � � !f. SLY j b3)t� 1 ' }Jfr J� 129': -s.l� .'•. ••.+lk 31�i -935 �� 1f...1•'' �' /' \3319( `k� 33-37 � T� .: :�>' F' •alrr R��ck •_ . O 3y1 7 32=1'4332 32 -13 _ \ 5J✓ .. L :�5t \.._33 21 �Uf .75 .I, }Ir err `I, _ D �; 301� (9— r31 =5� i S4J(i i, -J 25 - ..::.. _:: � �r .. � ' 26 � '• .4 , u " 27 27 -2.10' : � m 28 . •. ,p cnj 29 < < 'lay �31rr •• :: *�.1i.� :aJ r �a�+!.lo � .. -, -7o of X19 20✓ �B +�21 —yG 4 s� X22 2323 s2 9 24 ��Op � 2356. ..._ 22 - . : _... _.� • v ,gym � J � - i•.� +; og� 9 =19 9 \9 -3 ESG� PR Pip 10 N� Np � . sy � ,, 0 a �� ::: 11 - 12� k2 -so • • 12 -131 13 129 A i ' m . ..� E s 231 WAKEFIELD ra p 6 � O U ER AVF 7 '� 8 -11® A, Legend WOBUR6d - -I Town Boundary N C)l bin 8 -61 G DSO S s. 4-113 Parcel Map A L s `,' 5 Vacant Town Owned Land — e3 �pBw ( -18 �-- —"__ � 4_29 �r "--- •.._,,....,.. $TONEHAM �r Parcel ownership as of 1/1/10. Buildings, roads, drives as of 4/08. EJ MAP 1- VACANT TOWN OWNED LAND: 27-405,33-19,33-21,33-37 I a R ,510 ' `. , "\ i f f� 33 -135 • tl, ; °: ` i�� !� 20 300 + /M . ` . .: � < 33-� / 1 da '= : 1 ?41j Ir W 33 139 tom` . / ` 89hoo� t 42 930 r 17. 70I.. I ti. a 15, 20 S It x \....:. m , 3 81 /moo i �, 33136 >1,.: tit i i �� ! , ( j2951. .�. r ° a ;' 24 350t/ j .� " F. �:! 1 i . Parks ,.� �� 7 , �,(! .. I t . N "�" 1 33 138 i r 24 8204 i 1 7i i°f \,' �t�l ) 9 1tT �! `t &/ 1.a1� I k hl E �z 1 33-x(83 �\ Parks ' t 33 137 `� he < t ,13 557 F' 1 } 33 19 t i 33-59 j RCyM qp� I :Title �' 297 Acres '� i :, Ir 12200 k I -I -� � T . r I III 2.571 Acres y n jj " 11 \ 4 y J 4�,b � 33 q, 1JVJ5,� I 11 -' t �'I I �""4;`-,, " �'"�1 ,� 3 ' ,r��, , 8 ` -�y 33=53. ,1 i 33 48 - 43 3� • - _ r :: z 53 Acres „" + \ ; 1 'F�' � Gen Gov 1 7 ° 3 t .\ \ ' 1 ?. s r �� /33 65 + , �\ ,r' : a �'•a Parks \ �, �('',� `` ;~, •,. L, .,( , t1.. ! �� -y i C5Z 6 fiQ \\'' j,1 al 1!i i, 33 44 �" (, i �� - , i 33 38" 1 33 t j 1 11 �r 5 \,. 11`7��,- - � 1 - - / /ff \ \� } f { \ ; 9 33 51 t21zs �t r 13 - r d {{ �� /' `� �i �' t C7 i�, 6 858 v ' 33 72 , w I �i ! 1 33 S tl � \ , : 33 4�2 �� ci� i : r 3 35 1 1, 46 4 x' > �" � ^ i 1 .� +, .: 39 1 41 r f o �QO 11� 9679 ��, �Q tt 1 T( 7 t, .11 / i / �t F i 33 86 y t s ?U 7 f,, ' r � 1 ....� 33 41 . `v ` ..,r y i j /', 1 33 471 >f 1. 1't.,. } , i5 466 ' �0 i 3 �° ; i r .� r� < a +School , 33 46 1 33 4 �. ` \ ,a`� 1 t 33 73= Parks} t z5 ` f q� �\ 6 7 r t 1 t 14914 1 10 000 1`�D 1 4� . ' ' ri \sJ'3 0 i . �'�s . T 1 f. ' w , \i �� % .� / t za C �`ti t 33 -341 7,500 33 30 `N 2 t \ , i 1 1 �i 1.. S a t2(- l� � 2511 ,X7,414 , 17 00 iti i 11 3`p�RD'" '� 33'L 65601 C ' �;1 1� t ", 1. f "Y l.\ l OVA; - t} it 11, ` 13 248 CS � �1 ` � 1 � tt 3 �� 5 5 �0�'Lg1�1A�� r \ t 3�53 y t (ac 3322 l \4 _ N�?50d50D, ✓ ��}" Y r /: 15,000 ' 1,W 4 1 i 9 R� tw 1 i`, rY s o 00 1 3$ 50 j ` t t �s, ��! 12 \j�G� ` 1 1. 1. a `, i f1 ,, f 33-21 , 33 49 . V 13 a¢5 �`I ,tc -r 33 14 `l I 5 a 1 .�.. _ . , '? ,F t'�,d, , . - , . -,.� . taHYin.. A .. ., /�, t _.1 .r. F, wit t': y 1 i J9t199( ,JJ 4V ., .;�.i �, 4 , P ,` ... vCn vuv. � t 1 1t , y , .. , , $Ch00� t�-p 1 ftiJ�"' i �5 986 323 t,w (� ` �l — 5hi a 1 1r��11 11 Parks 1 t ' �� f 11 r 1i V1 �z i \� t' i 7- 27 406�F / .1 k".." 40 ` k� `` , 37 000 +1 ,,l 1 , ; Z� s-"1 77so�J,� 27,_398 �, a �� 1 ! s i r �� 7 > > 27 8Q92 j r "�� :.`�i28 A�P A(/ ' S l y y . ' . Q 1 ( , .. 1 ` i /� i , -", I�. �c . ^; '..;; ASS :,_ I 11 ��l 27 340 i " , j t, , .33 19 1t ` t 1 1�1`� -4+03 5 e� to } r1t,; X27 40C w 1 \� tlr� 7ooa 1.. ,. 1 b17 34g 8.1 �"� 60 S 1 1.r "' y�` t %' 1 .... i. li i .i ) 3 I 1 li - C Y ti(� . r 27+910 / ` 27 328 ' t t 27 341 t (' . °' q , v vIt `� 25 924 ;1,t 1. 1 27 405:1, 1, J _� 18 44 2 4� 44 777 H 1 } 11 11 c3 , 253 + / Acres t , / { � i �, 1 '1�.! i1 (1111 1 l !School ii / f ... i�- ` -. 14 27 329 c 1 %t ' 33 19�," y i` _ , '27 4S0 ' e,� ;4..6 3�� r ' .-! ` - i 2.7 r 12 .: J ` 1 ` 1r 32,38 - 'q w 1 F94 , ,�? 27-339 ' i �� 0 f ,e f . 669 � �rU .. � ° � . v � � 7`, L , / , r —�/ C / 15 . r ` `27 -338 7109 1 / / 27 404 1- \ 27 33 Z»ON SCh00�\ 6,053 SCt1Q0if r a \75,580 ' . 8 ' ' \ 87 o I ��?,.. -- 27 -3371 \., l t. \, 2740 ` 60 27 336 6 517 / i r 7i4 t - - j tl ' l %� 27 335 7 z54 ' <; SCho I -27405,,:,'1. ` d i = 28 24 32 tti i� 27332 y y .r_ C 0 1 +/ '''ti \ 8130 \5,gh00) i �� , � �\ , r 27 295 . sot ..: r ' i 27 334 7 e5o +/- 33 19 `. \ 0 27 399 2732 .. 1y`� 4800` !t ( 28911 +1 23957 11. 1 27 333 t W: 27 327 t `�gySA ,/� � l�F 0 94 } 2y 6 ; ° `w` ', } '•, \ 1;1t -%, r =1� 1� ^ //27 296 , 097 , ' > '.j j27 -3951 `t j .. 27-39 IQ: 1 . , 11,652 1 21293 7 lil, .r� 1 .'.in`10t �r�0 \„z ` y�J 1P 467 � f 35,350 7 2T 286.., m .., Ir ,'. - -+ 13 470 \ ((t2 %- 307 r Z era 2 59 7 5 1� �r HY of WnY V Et'64 r 27 }�99 ;ll 7 =292 ��C)1' t \ 1 T' ^ .,- •'.� ' 6 4 "' X26`314 27 35'1 > :, Z,... t" " ....,,,y ...I Ei i t j+ 15300; �N 1t 2 387` 70 ,. N >-1I,I , �. "'c 2 , 2y8g5 \ C' �` / ' .. 27 298 � r` �y Nw 7 \ t \ � tit , . C-13 072( ,..` 10, \ Y. t L i 1 , : ><.., p�y4 "� 0 09 , ,..\ n �: 1 27�.. 85 `J. mt(J\ \ , 061AL 6320 k2L% 291 t. 1') . ' , ��. 1 , L10130,. �r ;2 ,2917 `tip _ :. �N �toosz 1 - i27368�27- 36927370 ` ��,` 1 j;i ` x;27 284 ;;0',� • c `\ G 6` so ��. I76 CCJ 27;352 ; t tt� 7 1 295 , '275 �' 1: . , , ti ,1 I. _ 13 9 1µ. 27 308 �� io,ott �O '27�3Q5. t 8059 1� � 110 aso J yip', Y71367 - _GOB -ST- c 0 50 100 200 �'1T 392,71? o, 27-283 \� ? 'e 2x27 -30Q �.t w�271098 r> 27 331 tO ±�r �� po� ownership Ft \` oa Bu(Id(ns, roads, dnveslas /o�4/08. r �� ',�' \ \ \�J, sit �'r,27 30� x a 10 890 r toe Y, �2T. -13 - �. ,, 15 920 ",d�r' 27404. 5 929 �: fit.. ,; ` . -- .. 1, �� t -^,,, 127 _ g A r A NT1001 170:101MA ROMMMUM ll, j j: %; LK S B R ZJ li< 1.582 es A « Ld ?3 Am /411'a A «es Tr, i sJrr �j/ � >I.r 'IFS ��.Jr• .Jim r '�1?� �' Ave e4 Asa tilt alf Utz k�Jr :: . f c -`� i �_. ,, � ,�J( .r {�. eU '•,slr 'tGOV�'y�.r � ' .:uJlr' "':. �:s3 � _ 'F o :lF! w lip �Jrr LD liVA�C a. ... y U. : 4.. ..... Gen _ s :;.:.r.• ..:_.: -= - - - ; 5 Q_4�'" < f •63 F 2 922, 129' A. `a-.. 13 " DU 33 � Gen "GOV, Gen.Gov 12,728 124 D 23 -56 r s , w 6.69 Acres � r i 23= ase' 3 20 ''J {i �' \'•Jfr .l-'' 2 12,520 , �� 8 23-99 23 -57 2 33,880 /21457 18,400 3' 4 0 �23 -55 e 2 314 , r 2 t/ oso 11 Jt S, , L 3 -1b �s o ~ 5,000 i t r 1 ( �, •1 3 -29 2� � J I 1 35 �2 R `5,016 as O �•.- ��r, � , � �,. �� 3x. �1COns, -` �F -vr (f -� SF:.. ..% 23-48 0'00 23� S -•o t 3 -2 23 s. �4i; l , 11,18 �I), -40 1 2 / ti A a.as Z 0 5 s2 llrf `Jri / -3 .7 Q 11aaa 100 20�f `. Parcel ownership as of 1/1/10. Buildings, , roa s Hues as ohh V MAP 3 - VACANT TOWN s 13 A 360 AW �j 000 100 6,559 Ta 12 20 Oil 15 r Nf Mon arks X, Parcel ownership as of 1/1/10. Buildings, roads, drives as of 4108. MAP 9 - VACANT TOWN OWNED LAND: 4-113,23-70,21-147 -t1 d-2- 9 1620 18'63 - -- ur 5,9 i G 15 4-1100 — v `f1 amass OF- MUM 9. 3 9143 9 230 7`t7$ D 36 % 1 a o l n �. 6S GD - bus: C. s t� 6 �3 ,2?y29 5 21_ � CJ 151 j05E X50 14;27: Lot 21 -147 r4,T 24 sf J 3 \p 11 \ -E1 s,9 MR 13?216 7022 +1 - -Y N A 0 50 100 200 Ft Parcel ownership as of 1/1110. Buildings, roads, drives as of 4/08. Marsie West Chairman Reading Finance Committee Dear Mariie At your meeting of August 4, 2010 the subject of Town owned land that could be used for advertisement came up. There are perhaps one or two sites one being the Town Forest land that abuts 93 , the other on Jere Rd off County that also overlooks 93 . This land was purchased by the Town in the early 50's for a water tower. Over the years the Town has looked at selling numerous small parcels of land ranging from a few Sq Ft to a thousand or more in most cases nobody has wanted them. There are three large parcels that should be put back on the tax rolls , the above Jere Rd that has not been used since it was taken in the 50,s , a 20,00 Sq Ft plus lot on the corner of Audubon and Pearl that was created when Pearl St. was straitened out, I am told that there is a water main in the lot , but it could be rerouted . Given the price of land in Reading I would suggest each lot would bring at least $300,000. It would take a vote of Town Meeting to sell these properties . At 157,000 Sq Ft ( excluding portions of four streets, 38,000 Sq Ft ) the land on Oakland Rd is the largest, it was taken in 1937 for nonpayment of taxes and does not require Town Meeting action only a majority vote of the Board of Selectmen. Although it could be a difficult property to develop but because it abuts approximately 13 1,00 Sq Ft of other open land it should bring a a minimum of $ 1,500,000. If this and the abutting properties had an Planned Residential Development ( PRD ) district similar to that which the Town did for the Bear Hill ( Gazebo Cr.) land it could be worth more. An amendment to the present Bylaw from 8 acres to 3.5 Acres by Town Meeting would allow this to happen. Pease note that the land on Oakland Rd. was never considered for a High School and was never under the control of the School Committee, it has been looked at over the years for a police station twice , a fire station and just about every other municipal use , it is time to put it back on the tax roll. Over the years I have been told that to sell land it would have to comply with Chapter 30 B ( The Uniform Procurement Law ) however I have noted in the Boston Globe several cities and Towns have sold land with no minimum via professional auctioneers . The Town needs monies for capital projects and the sale of these properties could go a long ways to help . �ev o A, P y h A-e- `-o z-C. -- tin o v F-, Je- v v ^eV,C-4,sC2�4 Sincerely Yours William C. Brown Restricted Funds (revenue collected fora specific purpose) Brief Description Amount Fund Recur TOTAL 1 $10,415,062 Revolving Funds $ 2,760,042 27% State Grants $ 2,086,167 20% Federal Grants $ 1,633,796 16% Gifts & donations & Trust Funds $ 1,328,813 13% Federal ARRA $ 1,274,899 12% Summary: largest components $ 9,083,717 87% * = subject to federal budget appropriation A= subject to state budget appropriation Schools $ 6,814,130 Title I Fed* Poverty- based $ 73,703 Grant Y Title I IA Fed* Teacher quality improv $ 68,210 Grant Y Title IID Fed* Improving tech in educ $ 1,657 Grant Y Title IV Fed Safe and drug free schools $ 9,976 Grant N IDEA Fed* SPED - avg cost educating child w/ disabilities $ 911,974 Grant Y Early Childhood Fed* Am His Fed SPED pre - school Competitive $99k 3yr to FY12 $ 16,854 $ 235,000 Grant Grant Y IN ARRA SFSF State "Stimulus Funding" to Oct'11 $ 654,119 Grant N ARRA IDEA SPED "Stimulus Funding" to Oct'11 $ 572,931 Grant N ARRA Early Childhood ARRA EECBG Grant SPED "Stimulus Funding" to Oct'11 Energy "Stimulus Funding" spent Nov'10 $ 21,589_ $ 150,000 Grant Grant N N METCO State^ METCO program ($3,300 per METCO student) $ 341,866 Grant Y Academic Support State MCAS Tutoring for students $ 11,300 Grant Y Circuit Breaker State SPED reimbursement $ 936,376 Grant Y School Transportation Extended Day Program Summer School Program RISE PreSchool restricted transp exp-(Ch. 71 § 68) - pay 50% costs restricted to sal. & exp. for before & after school (Ch. 71 § 71 E) restricted to sal. & exp. for summer school (Ch. 71 § 71 E) restricted to sal. & exp. for tuitioned pre - school (Ch. 71 § 47) $ 52,840 $ 45,113 $ 19,131 $ 124,245 Revg Revg Revg Revg Y Y Y Y Special Ed Tuition Full -Day Kindergarten Use of School Property Lost Books (all schools) restricted to sal. & exp. for tuitioned non - Reading SPED (Ch. 71 § 47) restricted to sal. & exp. in excess of required half -day pgm Rent/custodial costs, utilities, and ordinary repairs & maint. (Ch. 71 § 71 E) Fees collected from students to pay for lost books (Ch. 71 § 47) $ 162,007 $ 482,386 $ 151,882 $ 3,310 Revg Revg Revg Revg Y Y Y N Coolidge Drama Activities Tickets /restricted to exp. related to drama programs (Ch. 71 § 47) - $ 25,145 Revg Y Parker Drama Activities Tickets /restricted to exp. related to drama programs (Ch. 71 § 47) $ 15,494 Revg Y RMHS Drama Activities User Fees &Tickets /restr. to exp. related to drama programs (Ch. 71 § 47). $ 82,186 I Revg Y Schools( continued) Restricted Funds (revenue collected for a specific purpose) Parker After School Activ. User Fees restr. To sal. & exp. For after school program (Ch. 71 § 47) $ 12,021 Revg Y RMHS Guidance Rev Fund User fees & college revs restr. To guidance exp. (PSAT,SAT etc..) (Ch. 71 § 47) $ 31,384 Revg Y RMHS Athletic Activities User Fees restr. To sal. & exp. For.RMHS athletic programs (Ch. 71 § 47) $ 253,986 Revg Y School Lunch Fees /Fed /MA restr. To sal. & exp. nuitrition pgm (Ch. 548 Acts of 1948) $ 1,167,706 Revg Y Adult Education Program User Fees restr. To sal. & exp. For adult educ. programs (Ch. 71 § 71 E) $ 76,118 Revg Y Districtwide Gift and donations to school department (no school specified) $ 8,756 Revg N Special Ed Gifts and donations to special education department $ 3,000 Revg N Barrows Gifts and donations to Barrows $ 1,515 Revg N Birch Meadow Gifts and donations to Birch Meadow $ 15,831 Revg N Eaton Gifts and donations to Eaton $ 7,950 Revg N Killam Gifts and donations to Killam $ 6,360 Revg N Wood End Gifts and donations to Wood End $ 1,535 Revg N Coolidge Gifts and donations to Coolidge $ 21,759 Revg N Parker Gifts and donations to Parker $ 12,209 Revg N RMHS Gifts and donations to RMHS $ 21,872 Revg N Joshua Eaton Clocktower Donations for restoration of clocktower $ 774 Revg N RMHS Field Lighting Donations for installation of stadium field lighting $ 1,230 Revg N Wood End Playground Donations for construction of Wood End Playground $ 830 Revg N LtraU MA state aid" $ 87,762 $ 123,368 Grant N Donations $ 23,760 N Fines revolve fund $ 9,992 Revg Y Library Trust Fund $ 1,854 Trust Y Town Mqr Insurance restitution $ 151,530 $ 274,266 Ice Arena $ 95,000 Y Celeb Commission $ 12,487 Sale of R/E $ 6,939 Revg N Donations $ 5,000 N MAPC bike rack $ 3,310 - Grant N Community Services Elder Svc Trust Fund $ 134,623 $ 358,283 Trust Y Hsng - affordable $ 94,209 DHCD 40R Application $ 44,377 Grant N MA Elder affairs $ 30,051 Grant Y Pub Health clinics $ 21,507 N Donations $ 8,137 1 N Downtown Improve Tr Fd $ 6,150 ITrust N Plan Design Review $ 5,002 Community Svcs tcowt) Restricted Funds frevenue collected for a specific purpose) Cutural council $ 4,534 Trust Vets Mem Fund $ 3,057 Trust Y Wetland prot fees $ 2,505 N Insp permits revolv $ 970 Revg Y Mystic Valley $ 1,948 Grant Y Hist Trust Fund $ 678 Trust _ Misc. $ 535 N DPW Mem Park donations $ 587,596 $ 1,796,118 N Rec self supporting $ 552,935 Revg, Y Ch. 90 ^ $ 387,760 Grant Y Cem Trust Fund $ 203,180 Trust Y Cem - sale lots $ 43,350 Y Rec donations $ 14,402 N Rec ARRA Sumr Youth $ 4,700 Grant N Police /Disp Donations - signs Special detail $ 2,195 $ 629,917 $ 794,522 N Y FG RCASA* $ 103,269 Grant N PSAP Operations $ 34,933 Grant Y FG hwy safety* $ 11,310 Grant Y RCASA donations /grants $ 7,020 N PSAP training^ $ 2,716 Grant Y Donations $ 1,500 N FG underage alcohol $ 1,471 Grant N FG vests $ 1,193 Grant N MA vests $ .1,193 Grant N Fire FG FEMA to FF $ 49,828 $ 78,491 Grant N FG Fire OT reimburse $ 19,213 N MA SAFE $ 5,900 Grant N FG FEMA to MEMA $ 2,500 Grant N Donations $ 1,050 N Finance Hosp TF $ 115,555 $ 175,884 Y Stab Fund Earns $ 34,567 Y Elections extended hrs" $ 25,762 Grant IY P% ILR- Unrestricted Funds (revenue collected for the general fund) Revenue IFund Recur Brief Description Revenue I TOTAL $ 67,970,722 1 gen'l Property & related taxes $ 52,733,049 78% State & Local Aid $ 11,935,266 18% Ambulance fees $ 617,151 1% Investments $ 506,030 1% Summary: largest components $ 65,791,496 97% Library Rental $ 800 $ 950 gen'l Y Misc $ 150 gen'l N Town Mcir Cell phone /rental fees Alcohol lic $ 106,704 $ 63,000 $ 189,014 gen'l gen'l Y Y License /permits $ 6,125. gen'l Y Cable Franchise fee $ 4,275 gen'l Y Misc $ 8,910 gen'l N Community Services Insp Bldgs $ 234,109 $ 384,635 gen'l Y Health tic & permits $ 48,073 gen'l Y Insp Electric $ 38,131 gen'I Y Insp Plumbing $ 16,915 gen'l Y Planning appl fees $ 12,785 gen'l Y Consery appl fees $ 11,671 gen'l Y Insp Gas $ 7,722 gen'l Y Insp cert of insp $ 5,694 gen'l Y Occ Permits $ 5,655 gen'l Y Zoning appl fees $ 1,350 gen'l Y. Misc $ 2,530 gen'l N DPW. Cem service charges $ 118,007 $ 186,275 gen'l Y trash collection charges $ 46,340 gen'l N St. Opening permit $ 6,350 gen'I Y Pkg /Compost $ 4,001 gen'l Y Drain layer license $ 1,900 gen'l N Misc $ 9,677 gen'l N Police /Disp Parking /Compost $ 84,300 $ 236,154 gen'l Y Civil MV infractions $ 42,370 gen'l Y Parking fines $ 41,290 gen'l Y Parking leases $ 35,230 gen'l Y Admin fee on Pvt details $ 23,646 �gen'I Y ILR- Police /Disp (con't) Unrestricted Funds (revenue collected for the general fund) Academy reimburse $ 2,400 gen'I N Accident Reports $ 2,007 gen'I Y _ MV leasor surcharge $ 1,864 gen'I License to carry $ 1,225- gen'I Y Misc $ 1,822 gen'I N Fire Ambulance fees $ 617,151 $ 631,469 gen'I Y Fire inspect fees $ 13,992 gem Y Misc $ 326 gen'I N Finance Property taxes $ 49,009,531 $ 53,693,224 gen'I Y PILOT $ 313,070 gen'I Y Property taxes - deliquent $ 150,824 gen'I Y Prop taxes - state land $ 48,470 gen'I Y Prop taxes - abatements $ 18,072 gen'I Y Excise taxes $ 2,582,330. gen'I Y Personal Property taxes $ 610,752 gen'I Y Invest Earns $ 506,030 gen'I Y Penalties $ 172,607 gen'I Y lien certificates $ 24,875 gen'I . Y court fees /fines $ 14,675 gen'I N special assessments $ 2,898 gen'I N bank fee reimburse $ 1,568 gen'I N Town Clerk vitals $ 27,725 gen'I Y Town Clerk dog license $ 24,173 —genF Y Town Clerk fines /forfeits $ 13,468 gen'I N Town Clerk marriage /maps /fees $ 2,281 gen'I Y Misc $ 169,875 gen'I N Accounting Ch 70 school aid $ 9,0781-931 $12,649,001 gen'I Y Local Aid $. 2,856,335 gen'I Y MSBA $ 462,036 gen'I Y Fed: Medicaid reimburse $ 108,382 gen'I N iVets benefits $ 62,247 gen'I Y Police career $ 38,659 gen'I N MEMA reimburse $ 26,933 gen'I N Charter schools $ 15,478 gen'I N Lol Examples of recent Revenue and Expense efforts by Town and Schools Revenues Cell towers MIIA Rewards program Zoning 40R initiatives Economic Development activities MTBE settlement -Plan to raise community access sticker cost CY 2011 Review of all fees ? Meals tax School debit cards rebate Yard. sales/surplus equipment Expenses Employees: FY1 I zero COLA and no step increases Reduce sick leave; eliminate sick leave buyback; reduce vacation time Health insurance collaboration & program changes to Tiered -system Town Hall hours (energy) Performance Contracting (energy) Eliminate positions & consolidate job functions Regionalize rubbish disposal Explore regionalize rubbish.collection (discarded) Explore regionalize Finance functions (ongoing) Explore regionalize Public Safety Dispatch (ongoing) ce Committee Meeting August 4, 2010 Cle Room, Reading Town Hall The meeting convened at 7:35, PM in the Conference Room of Town Hall. FINCOM Members Present: Chair George Hines, Vice Chair David Greenfield, members Barry Berman, Mark Dockser, Frank Fardy, Kevin Leyne, Harold Torman and Marsie West. Members Absent: Bryan Walsh Also Present: Assistant Town Manager/Finance Director Bob LeLacheur. There being a quorum the Chair called the meeting to order at 7:35 pm. Public Comment: No comments. FINCOM reorganization: Outgoing Chair turned the meeting over to Bob LeLacheur, who opened the floor to nominations for FINCOM Chair for FY1 1. On a motion by Berman, seconded by Greenfield, the name of Marsie West was raised. There being no other names put'forth, LeLacheur closed the nominations. By a vote of 8-0-0, Marsie West was nominated for FINCOM Chair. LeLacheur turned the meeting over to Ms. West, who opened the floor for nominations for Vice Chair. On a motion by Hines, seconded by' Berman, the name of David Greenfield. was raised. There being no other names put forth, West closed the nominations. By a vote . of 7-0-1, David Greenfield was nominated for FINCOM Vice-Chair (Greenfield abstaining). FINCOM liaison assignments: On a motion.bv Berman, seconded by Hines, the names of confirmed by a vote of 8-0-0. West reviewed the other liaison assignments, asking if there were preferences among the members. Hines asked that he be a liaison to the library, in light of his work on the Municipal Building Committee. A few members indicated an interest in the School department. The new temporary list will be attached to these minutes; and finalized during the next FINCOM meeting. FINCOM FYII meeting schedule: Financial Forum I will be held on September 15th With a,focus.on alternative revenues. Mr. Greenfield asked that expense reduction initiatives be publicly discussed this year as part of the FY 12 budget process in order to educate the community and Town Meeting. Mr. Hines said that FINCOM has pursued expense reductions and efficiencies for every year since he can recall. Financial Forum II will be on October 27 with a recap of the Town's reserves position, and a look at estimated FY 12 revenues. Given these two, discussion about use of free cash in the FYI budget will ensue, and preliminary budget guidance will be given by the FINCOM to all departments according to the historic approaches on accommodated and non- accommodated costs. Mr. LeLacheur indicated on a preliminary basis that Town Accountant Gail LaPointe suggests the Town regenerate a solid number towards free cash from the FYI 1 budgeted amounts not spent. Mr. Berman said this is always a double -edged sword: on the one -hand this implies the budgets are too high; but on the other given the nature of different areas turning back funds each year that departments do a good job in not spending money unnecessarily. Financial Forum III will be held on January 26, 2011 unless important budget information becomes available sooner. Town -wide technolou initiatives: Mr. LeLacheur reviewed a number of projects (see attached). Mr. Greenfield emphasized that he would like to see some cost and effort estimates to have a fully redundant network and further details about backup procedures, as well as a continuity of operations plan (such as has been done by Chief Burns for all departments as a town -wide overview. Mr. LeLachcur said he would bring the request to the next Department Head meeting in two weeks. Multi -Board Revenue Discussion: Mr. Berman would like to suggest a School Committee- Selectman- FINCOM ad -hoc committee . be formed. He requested a map of town -owned land. He suggested the Town should provide the following information to the general public: already cutting expenses; already funding activities with grants; what limits there are on what activities the Town is allowed to do (for example, it cannot Invent and sell a product); what options the Town can use to raise revenues, and a thorough review of all fees collected versus other neighboring municipalities. Mr. Do. ckser suggested .a brainstorming session at, the first financial forum in September, and volunteered to lead an effort as he has done in the private sector. Ms. West asked Mr. LeLacheur to contact the other major boards with an overview of this discussion. On a motion by Mr. Hines, seconded by Mr. Leone, FINCOM voted to approve the Minutes of June 9, 2010 as amended by a vote of 7 -0 -1 (Bermaii abstaining). On a motion by Mr. Berman, seconded by Mr. Hines, FINCOM voted to adjourn at 9:40pm by a vote of 8 -0 -0. 26