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Home My WebLink About2010-03-10 Finance Committee Packetkhe Town of Reading - FINCOM - budget meeting (schools) http://www.readingma.gov/Pages/ReadingMA__MeetingCal/SOI 53CB FINCOM - budget meeting (schools) Wednesday, March 10, 2010 at 7:30 PM Town Hall conference room Printer-Friendly Version Town of Reading Town Hall conference room Goggle Search Reading, MA 01867 March 10, 2010 Meeting Agenda CanimoN Onus 1. Public Comment 2. FYI 1 Town Manager Budget Review • School Department • Facilities 3. Other • Enterprise Fund budgets for discussion 3/17/10 4. FINCOM minutes • March 3, 2010 5. Adjourn Town of Reading, Massachusetts 16 Lowell Street, Reading, MA 01867 Website Disclaimer Virtual Town Hall Website 1 of 1 3/10/2010 4:03 Y nterprise Funds - Prelim u get Assumptions for FY12-FY13: Wages 0.00% 4.00% Approved Expenses 7.00% 7.00°1° January 16, 2010 (Revised) Percent Approved Percent Approved Percent Requested Percent Estimated Percent Estimated Percent No. FY - 2008 07 to '08 FY - 2009 08 to'09 FY - 2010 09 to '10 FY - 2011 10 to'11 FY - 2012 11 to'12 FY - 2013 12 to '13 (Water W1 Salaries and Wage: 581,106 -18.55% 612,171 5.35% 632,349 3.30% 632,349 0.00% 632,349 0.00% 657,643 4.00% W2 Expenses 2,696,802 -2.52% 2,666,507 -1.12% 2,734,455 2.55% 2,698,736 -1.31% 2,887,648 7.00% 3,089,783 7.00%- W3 Debt Service 1,305,579 .38.84% 1,929,769 47.81% 1,890,234 -2.05°!° 1,839,206 -2.70% 1,785,591 -2.92% 1,703,076 -4.62% W4 Capital Outlay 282,000 85.53% 161,000 -42.91% 340,000 111.18% 0 _ 263,000 -22.65% 2 93% 291 ' 755,000 187.07% 587,000 -22.25% 502 -0 38% 037 550/ 6 586 11 6 060 W5 Water Fund 4,865,487 6.41% 5,369,447 10.36% 5,597,038 4.24 /6 5,433, . - , , . , , . Reserves Net'Water Fund (250,000) 4,615,487 10.62% (370,975) 4,998,472 8.30°1° 425,000 5,172,036 3.47% 5,433,291 5.05% 6,060,588 11.55% 6,037,502 -0.38% Sewer X1 Salaries and Wages 264,005 7.99% 279,535 5.88% 286,274 2.41% 308,147 7.64% 308,147 0.00% 320,473 4.00% X2 Expenses 3,947,180 2.57% 4,107,523 4.06% 4,394,780 6.99% 4,444,463 1,13% 4,755,575 7.00% .5,088,466 7.00% X3 Debt Service 180,402 115.59% 328,527 82.11% 124,207 -62.19% 165,113 32.93% 162,206 -1.76% 85,800 -47.10% X4 Capital Outlay . 110,000 46.08% 422,600 284.18% 450,000 6.48% 495,000 10,00% _ 222,000 -55.15% 297,000 33.78% X5 Sewer Fund 4,501,587 2.77% 5,138,185 1414% 5,255,261 2.28% 5,412,723 3.00% 5,447,928 0.659/65,791,739 6.31% Reserves Net Sewer Fund (200,000) 4,301,587 13.79% (338,650) 4,799,535 11.58% 100,000 5,155,261 7.41% =5,412,723 4.99°!° 5,447,928 0.65% 5,791,739 6.31% Storm Water Y1 Salaries and Wage: 62,084 3.42% 65,201 5.02% 70,076 7.48% 70,076 . 0.00% 70,076 0.00% 72,879 4.00% Y2 Expenses 17,650 0.86% 20,313 15.09% 21,315 4.93% 19,750 -7,34% 21,133 7.00% 22,612 7.00% Y3 Debt Service Y4 Capital May 262,000 -6.43% 230,000 -12.21% 200,000 -13.04% 44.00% 285,000 -1.04% 208,500 -26.84% Y5 Storm Water Fund 341,734 -4.42% 315,514 -7.67% 291,391 -7.65% 377,82 29.66% 376,209 •0.43°10 303,991 -19.20% Enterprise Funds 9,708,808 428% 10,823,146 11.48% 11,143,690 2.96% 11,223,840 0.72°!0 11,884,724 5.89% 12,133,231 2.09% Total Use of Reserves (450,000) 62 525,000 1 840 5 70°!0 223 99% 11 690 4 23% 10 618 11 9 724 5:89°l0 11 884 231 12 133 2.09% Net Enterprise Funds 9,258,808 C~ 11.41% 100,,1 113,521 . , , . , , . , , , , Reserve Fund levels Water 1,273,922 1,834,788 1,602,000' 1,602,000 1,602,000 1,602,000 Sewer 1,145,160 872,705 817,000 817,000 817,000 817;000 Storm Water 91,000 177,000 177,000 177,000 177,000 1~ 03/10/2010 15:34 TOWN OF READING PG 1 blelacheur INERT YEAR BUDGET LEVELS REPORT bgnyrpts PROJECTION: 20112 FY2011 Enterprise Funds, FOR PERIOD 13 2009 2010 2011 2011 2011 2011 SEWER REVISED BUD REVISED BUD DEPARTMENT ADMINISTRA TOWN MGR FINCOM 03 SALARIES 62003511 511401 SUPERVISOR 38,932.00 00 699 38,831.00 00 954 53 39,609.00 040 00 55 38,831.00 53,954.00 38,831.00 `53,954.00 .00 .00 62003511 62003511 511405 511409 WRKNG FRMN EQUIP OP 51, 50,759.00 . , 51,908.00 . , 51,910.00 51,908.00- 51,908.00 .00 62003511 511413 SKLLD LABR 78,592.00 81,976.00 '00 41,823.00 362 00 67 40,987.00 862.00 62 40,987.00 62,862.00 .00 .00 62003511 62003511 511417 511471 LABORER CLERK(S) .00 17,208.00 . 17,260.00 . , 17,598.00 , 17,260.00 17,250.00 .00 00 62003511 511481 SNOW RMVL VERTIME -2,500.00 644 00 39 -2,500.00 644.00 39 -2,500.00 39,644.00 -2,500.00 39,644.00 -2,500.00 39,644.00 . .00 62003511 62003511 515000 516050 O OUT OF GRA . , 209.00 , 209.00 209.00 209.00 209.00 .00 0 0 62003511 516060 ON-CALL PR 2,942.00 00 050 2,942.00 00 2 050 2,942.00 050.00 2 2,942.00 2,050.00 2,942.00 2,050.00 - . .00 62003511 516080 LONGEVITY . 2; , . , TOTAL SALARIES 279,535.00 286,274.00 .315,687.00 308,147.00 308,147.00 .00 05 EXPENSES 62005519 519000 MEDICARE ETIREMENT 700.00 512 00 14 1,000.00 876.00 14 1,000.00 22,273.00 1,000.00 22,273.00 1,000.00 22,273.00 .00 .00 62005519 62005521 519700 521301 R ELECTRICIT . , 32,256.00 32,2.56.00 32,256.00 32,256.00 32,250.00 .00 00 62005529 529433 HAZ WST DI 10,000.00 00 650 10,000.00 00 650 16 10,000.00 00 650 16 10,000.00 16,650.00 10,000.00 16,650.00 . .00 62005530 62005530 530000 530110 PURCH SVC LGL COUNSL . 16, 2,500.00 . , 2,500.00 . , 2,500.00 2,500.00 2,500.00 .00 00 62005530 530420 PLCE DTAIL VCPUMP 3,137.00 727 00 17 2,137.00 727.00 15 2,137.00 15,727.00 2,137.00 15,727.00 2,250.00 15,725.00 . .00 62005530 62005530 530490 530492 CNTS SYS INSPEC . , 16,942.00 , 16,94.2.00 16,942.00 - 16,942.00 16,950.00 510 00 .00 00 62005531 531000 SWRTRAIN SFTWRSUPPT .00 00 000 10 510.00 10,000.00 510.00 10,000.00 510.00 10,000.00 . 10,000.00 . .00 62005536 62005540 536000 540490 PMPSTASUPP . , 13,332.00 7,093.00 7,093.00 7,093.00 242 00 7,100.00 00 200 8 .00 .00 62005540 540493 DIST SYS HEMICALS 8,242.00 332 00 13 8,242.00 332.00 13 8,242.00 13,332.00 . 8, 13,332.00 . , 13,300.00 .00 62005540 62005554 540495 554000 C UNFM/CLOTH . , 3,414.06 , 2,193.00 2,193.00 2,193.00 2,200.00 .00 00 62005563 563400 MWRA 3,616,836.00 3,894,818.00 3,894,818.00 00 500 3,894,818.00. 00 500 87 3,921,051.00 500.00 87 . 00 62005574 574000 HEALTHINS C INSUR 72,281.00 00 000 1 74,500.00 000.00 1 . 81, 1,D00.00 . , 1,000.00 , 1,000.00 .00 62005574 62005574 574010 574550 P& WC INSURNC . , 12,071.00 , 12,000.00 15,000.00•' 15,000.00 15,000.00 .00 00 62005578 578100 LICENSES 510.00 .00 .00 .00 .00 . TOTAL EXPENSES 3,865,442.06 4,135,776.00 4,159,173.00 4;159,173.00 4,185,459.00 .00 07 DEBT SERVICE 62007591 591000 LT DBT PRI 239,277.00 116,800.00 160,800.00 160,800.00 160,800.00 .00 w PG 2 D3/10/201 0 15:34 (TOWN OF READING NEXT YEAR BUDGET LEVELS REPORT I bgnyrpts blelacheu r FOR PERIOD 13 PROJECTION: 20112 FY2011 Enterprise Funds 2009" REVISED BUD 2010 REVISED BUD 2011 DEPARTMENT 2011 ADMINISTRA 2011 TOWN MGR 2011 FINCOM SEWER 313 00 4 00 62007591 592000 LTDEBTINT .00 7,407.00 4,313.00 4,313.00 00 , . . .00 62007593 593000 ST DBT INT 14,250.00 .00 .00 . TOTAL DEBT SERVICE 253,527.00 124,207.00 165,113.00 165,113.00 165,113.00 .00 08 CAPITAL EXPENDITURES 6200.8585 585000 ADDTNL EQU METRINSTAL .00 00 000 90 140,000.00 180,000.00 .00 180,000.00 .00 180,000.00 .00 180,000.00 .00 .00 62008585 62008588 565451 588411 CALIF RD S . , .00 .00 00 000 155,000.00 00 000 100 155,000.00 000.00 100 185,000.00 100,000.00 .00 .00 62008588 588505 INFLOW/INF EW ST REH 100,000.00 00 000 30 . 100, 000.00 30 . , 30,000.00 , 30,000.00 30,000.00 .00 62008588 62008588 588510 588512 S SEW ST STU . , 10,000.00 , .00 .00 0 .00 00 .00 .00 .00 .00 62008588 588541 GLEN ROAD 182,600.00 .00 00 .0 00 . .00 .00 .00 62008588 588542 W GROVE ST 10,000.00 . . TOTAL CAPITAL EXPENDITURES 422,600.00 450,000.00 465,000.00 465,000.00 495,000.00 .00 09 OTHER F INANCING USES 62009596 596111 WAGE-TWNMG 13,010.00 14,062.00 14,062.00 14,062.00 00 14,062.00 .00 .00 62009596 596112 EXP SUPP WAGE-ACING 3,029.00 642.00 8 •.00 9,517.00 .00 9,517.00 . 9,517.00 9,517.00 .00 62009596 62009596 596121 596122 EXP ACTNG , 89.00 00 33 170.00 00 249 30 170.00 249.00 30 170.00 30,249.00 170.00 30,249.00 .00 .00. 62009596 596131 WAGE-FINCE EXEFINANCE . 28,3 00 629 5 . , 20,440.00 , 20,440.00 20,440.00 20,440.00 .00 62009596 62009596 596132 596141 WAGE HR . , 3,831.00• 4,628.00 4,628.00 4,628.00 37 00 2 4,628.00 137 00 2 .00 .00 62009596 596142 EXP HR ECHN 3,061.00 849 00 24 2,137.00 998.00 29 2,137.00 29,998.00 . ,1 29,998.00 . , 29,998.00 .00 62009596 62009596 596151 596152 WAGE T EXP TECH , . 25,536.00 , 28,715.00 28,715.00 00 475 28,715.00 00 475 47 28,715.00 475.00 47 .00 .00 62009596 596161 WAGEDPWADM NGIN 50,424.00 00 892 61 47,475.00 065.00 60 . 47, 60,065.00 . , 60,H5.00 , 60,065.00 .00 62009596 62009596 596171 596181 WAGE E WAGE HGWY. . , 2,419.00 , 2,419.00 2,419.00 2,419.00 00 29 2,419.00 00 129 9 .00 .00 62009596 596182 EXP HGWY 12,558.00 9,129.00 9,129.00 00 9,1 . 00 . , .00 .00 62009596 596300 XFER TO CA 75,000.00 .00 . . TOTAL OTHER FINANCING USES 318,302.00 406.06 139 5 259,004.00. 5,255,261.00 259,004.00 5,363,977.00 259,004.00 5,356,437.00 ~ 004_00 5,412,723.00 .00 .00 TOTA L SEWER , , 03/10/2010 15:34 (TOWN OF READING IPG 3 blelaeheur NEXT YEAR BUDGET LEVELS REPORT bgnyrpts PROJECTION: 20112 FY2011 Enterprise.Funds FOR PERIOD 13 2009 2010 2011 2011 2011 2011 WATER REVISED BUD REVISED'BUD DEPARTMENT ADMINISTRA TOWN MGR FINCOM 03 SALARIES 61013511 511401 SUPERVISOR REMAN 37,932.00 00 188 56 38,831.00 00 58,372 39,609.00 59,837.00 38,831.00 58,372.00 38,831.00 58,372.00 .00 .00 61013511 61013511 511403 511405 FO WRKNG FRMN . , 100,469.00 . 104,907.00 110,272.00 104,907.00 104,907.00 .00 00 61013511 511409 EQUIP OPER 143,258.00 472 00 80 148,531.00 00 995 83 143,843.00 00 84 830 148,531.00 83,995.00 148,531.00 83,995.00 . .00 61013511. 61013511 511413 511417 SKLLD LABR LABORER . , 32,280.00 . , 33,032.00 , . 33,032.00 33,032.00 33,032.00 .00 61013511 511471 CLERK(S) REMOV 17,208.00 00 500 -6 17,260.00 00 500 -6 17,598.00 -6,500.00 17,260.00 -6,500.00 17,260.00 -6,500.00 .00 .00 61013511 61013511 511481 515000 SNOW OVERTIME . , 38,355.00 . , 38,355.00 38,355.00 38,355.00 38,355.00 .00 00 61013511 516050 OUT OF GRA ALL PR 1,882.00 818 00 8 1,882.00 818 00 8 1,882.00 8,818.00 1,882.00 8,818.00 1,882.00 8,818.00 . .00 61013511 61013511 516060 51608 0 ON-C LONGEVITY . , 7,500.00 . , 7,500.00 7,500.00 7,500.00 7,500.00 .00 00 61013512 , 512000 WAGES TEMP VISOR 9,126.00 00 991 80 9,126.00 84 048 00 9,126.00 84,063.00 9,126.00 84,048.00 9,126.00 84,048.00 . .00 61023511 61023511 511461 511481 SUPER SNOW RMVL . , -500.00 , . -500.00 -500.00 -500.00 -500.00 .00 00 61023511 515000 OVERTIME 4,692.00 4,692.00 4,692.00 4,692.00 4,692.00• . TOTAL SALARIES 612,171.00 632,349.00 636,457.00 632,349.00 632,349.00 00 OS EXPENSES 61005519 519000 MEDICARE TIREMENT 6,000.00 413:00 16 7,000.00 075.00 17 7,000.00 26,724.00 7,000.00 26,724.00 7,000.00 26,724.00 .00 .00 61005519 61005529 519700 529433 RE HAZ WST DI , 10,000.00 , 10,000.00 10,000.00 10,000.00 10,000.00 .00 00 61005530 530110 LEGAL COUN 15,500.00 00 446 5 16,000.00 00 531 5 16,000.00 00 531 5 16,000.00 5,531.00 16,000.00 5,531.00 . .00 61005530 61005530 530480 530491 PRIMACEY A SVC WKFLD . , 7,140.00 . , 7,140.00 . , 7,140.00 7,140.00 7,140.00 .00 00 61005531 531000 TRAINING ALTH INS 4,000.00 00 470 184 3,000.00 000.00 190 3,000.00 149,500.00 3,000.00 149,500.00 3,000.00 149,500.00 . .00 61005574 61005574 574000 574010 HE PROP/CASUA . , 44,825.00 , 44,000.00 44,000.00 44,000.00- 44,000.00 .00 00 61005574 574550 WC INSURNC CTRICIT 23,967.00 00 186 10 24,000.00 186.00 10 30,000.00 10,186.00 30,000.00 10,186.00 30,000.00 10,200.00 . .00 61015521 61015521 521301 521303 ELE NATRL GAS . , 408.00 , 408.00 408.00 408.00 410.00 .00. 00 61015530 530420 PLCE DTAIL SYSTEM 11,283.11 00 227 15 10,664.00 227.00 15 10,664.00 15,227.00 10,664.00 15,227.00 10,700.00 15,230.00 . .00 61015530 61015530 530470 530472 WTR MAIN PIPE/ , 12,181.00 , 12,181.00 12,181.00 12,181.00 12,200.00 .00 00 61015530 530474 SVC PIPE/M ' 49,750.00 00 466 49,750.00 466 00 8 49,750.00 466 00 8 49,750.00 8,466.00 49,750.00 8,400.00 . .00 61015530 530478 CONN CROSS - . 8, . , 00 . , 00 .00 .00 .00 61015531. 61015536 531000 536000 PRFDEV/TRN SOFTWARE L 398.00 10,000.00 . 10,000.00 . 10,000.00 10,000.00 10,000.00 .00 03/10/2010 15:34 TOWN OF READING blelacheur NEXT YEAR BUDGET LEVELS REPORT PROJECTION: 20112 FY2011 Enterprise Funds 2009 2010 2011 2011 2011 WATER REVISED BUD REVISED BUD DEPARTMENT ADMINISTRA TOWN MGR IPG 4 bgnyrpts FOR PERIOD 13 2011 FINCOM 61015540 540470 WD GEN SUP 26,775.00 26,775.00 26,775.00 26,775.00 26,775.00 .00 00 61015540 ' 540472 MAIN PIPE VC METERS 33,179.00 00 7 613 33,179.00 00 7 613 33;179.00 613.00 7 33,179.00 7,613.00 33,180.00 7,625.00 . .00 1015540 6 61015554 540474 554000 S UNFM/CLTH , . 8,825.21 , . 5,508.00 , 5,5D8.00 5,508.00 5,500.00 .00 61015578 61025521 578100 521301 LICENSES ELECTRICIT 714.00 45,441:00 714.00 20,000.00' 714.00 20,000.00 714.00 20,000.00 714.00 20,000.00 .00 .00 61025521 521308 FUEL OIL 6,000.00 6,000.00 6,ODO.00 6,000.00 470 00 6,000.00 00 470 .00 00 61025521 61025521 521309 521390 SWR/STM WA TELEPHONE 469.00 3,279.00 469.00 3,279.00 470.00 3,280.00 . 3,280.00 . 3,280.00 . .00 61025530 530000 OUT PRFSVC 10,200.00 10,200.00 10,200.00 10,2.00.00 10,200.00 .00 00 61025540 540000 DEPT SUPP WELLS 7,000.00 00 140 65 7,000.00 962.00 57 7,000.00 57,962.00 7,000.00 57,962.00 7,000.00 57,962..00 . .00 61025540 61025563 540455 563400 MWRA . , 1,656,946.00 , 1,737,761.00 1,737,761.00 1,737,761.00 1,726,878.00 .00 TOTAL EXPENSES 2,307,241.32 2,357,088.00 2,332,239.00 2,332,239.00 2,321,369.00 .00 07 DEBT SERVICE 61007591 591000 DEBT PkINC 1,220,000.00 1,375,000.00 1,375,000.00 1,375,000.00 1,375,000.00 .00 00 61007591 592000 LTDEBTINT 634,769.00 515,234.00 464,206.00 464,206.00 464,206.00 . TOTAL DEBT SERVICE 1,854,769.00 1,890,234.00 1,839,206.00 1,839,206.00 1,839,206.00 .00 08 CAPITAL EXPENDITURES 61018584 584410 BOBCATLOAD .00 00 .00 00 45,000.00 000.00 38 45,000.00 000.00 38 45,000.00 38,000.00 .00 .00 61018584 61018585 584411 585000 VAN #2 ADDTNL EQU . .00 . 10,000.00 , .00 , .00 .00 .00 61018.585 585451 METRINSTAL 90,000.00 - 180,000.00 180,000.00 180,000.00 180,000.00 .00 00 61018588 588422 H ST LOOP .00 .00 350,000.00 350,000.00 .00 00 . 00 61018588 588450 SYSTEMS .00 150,000.00 .00 00 .00 DO . 00 . .00 61028585 585452 BOOSTER TE 36,000.00 .00 00 . 00 00 . .00 .00 6102B585. 585453 EMERG ENGI 35,000.00 . . . TOTAL, CAPITAL EXPENDITURES 161,000.00 340,000.00 613,000.00 613,000.00 263,000.00 .00- 09 OTHER FINANCING USES 61009596 596111 WAGE-TWNMG 13,886.00 14,896.00 14;896.00 14,896.00 14,896.00 .00 00 61009596 61009596 596112 596121 EXP SUPP WAGE-ACTNG 3,234.00 9,226.00 .00 10,078.00 .00 10,078.00 .00 10,078.DO .00 10,078.00 . .00 61009596 596122 EXP ACTNG 95.00 180.00 180.00 180.DO 180.00 .00 `b"" 03/10/2010.15:34 blelacheur PROJECTION: 20112 WATER (TOWN OF READING NEXT YEAR BUDGET FY2011 Enterprise Funds 2009 REVISED BUD LEVELS REPORT 2010 REVISED BUD 011 DEPARTMENT 011 ADMINISTRA 011 TOWN MGR IPG 5 bgnyrpts FOR PERIOD 13 2011 FINCOM 61009596596131 WAGE-FINCE 30,247.00 32,032.00 32,032.00 32,032.00 32,032.00 .00 61009596 596132 EXEFINANCE 6,009.00 21,653.00 21,653.00 21,653.00 21,653.00 .00 61009596 596141 WAGE HR 4,090.00 4,900.00 4,900.00 4,900.00 4,900.00 .00 00 61009596 596142 EXP HR 3,268.00 2,264.00 2,264.00 2,264.00 2,264.00 . 61009596 596151 WAGE TECHN 26,531.00 31,777.00 31,777.00 31,777.00 31,777.00 .00 61009596 596152 EXP TECH 27,255.00 30,418.00 30,418.00 30,418.00 30,418..00 .00 61009596 596161 WAGEDPWADM 110,313.00 104,690.00 104,690.00 104,690.00 104,690.00 .00 61009596 596171 . WAGE ENGIN 99,945.00 98,407.00 98,407.00 98,407.00 98,407.00 .00 61009596 596181 WAGE HGWY 6,730.00 6,730.00 6,730..00 6,730.00 6,730.00 .00 00 61009596 596182 EXP HGWY 22,771.00 19,342.00 19,342.00 19,342.00 19,342.00 . 61009596 596300 XFER TO CA 75,000.00 .00 .00 .00 .00 .00 TOTAL OTHER FINANCING USES 438,600.00 377,367.00 3771367.00 377,367.00 .00 TOTAL WATER 5,373,781.32 5,597,038.00 5,798,269.00 5,794,161.00 =,433,291.00 .00 J 03/10/2010 15:34 TOWN OF READING blelacheur INEXT YEAR BUDGET PROJECTION: 20112 FY2011 Enterprise Funds 2009 STORM WATER MANAGEMENT REVISED BUD LEVELS REPORT 2010 REVISED BUD 011 DEPARTMENT 011 ADMINISTRA 011 TOWN MGR IPG 6 bgnyrpts FOR PERIOD 13 2011 FINCOM 03 SALARIES 65003511 511417 LABORER 65,201.00 70,076.00 73,627.00 70,076.00 70,076.00 .00 TOTAL SALARIES 65,201.00 70,076,00 73,627..00 70,076.00 70,076.00 .00 05 EXPENSES 65005519 519700 RETIREMENT 2,310.00 00 803 2,412.00 00 7 803 847.00 00 7 803 847:00 803.00 7 847.00 7,803.00 .00 .00 65005527 527301 65005530 530000 EQUIP RENT OUT PRFSVC . 7, 15,164.14 , . 10,200.00 , . 10,200.00 , 10,200.00 10,200.00 .00 65005554 554000 CLOTHING .00 900.00 900.00 900.00 900.00 .00 TOTAL EXPENSES 25,277.14 21,315.00 19,750.00 19,750.00 19,750.00 .00 08 CAPITAL EXPENDITURES 65008585 585000 ADDTNL EQU .00 140,000.00 168,500.00 173,000.00 173,000.00 .00 00 65008588588412 DRNGE IMPR 00 .00 90,000.00 55,000.00 55,000.00 00 . 00 65008588 588421 65008588 588425 MAPPING DE DRAINAGE 50,000.00 30,000.00 .00 60,000.00 .00 60,000.00 .00 60,000.00 . 60,000.00 . .00 65008588 588430 SAUG RIV D 150,000.00 .00 .00 .00 .00 .00 TOTAL CAPITAL EXPENDITURES 230,000.00 14 478 20 200,000.00 00 391 291 318,500'.00 877 00 411 288,000.00 826.00 377 377,826.00 .00 .00 TOTAL STORM WAT ER MANAGEMENT . , 3 . , , . , GRAND TOTAL 10,833,665.52 11,143,690.00 11,574,123.00 11,528,424.00 11,223,840.00 .00 END OF REPORT - Generated by Bob LeLacheur A d d t R Projected Town of Reading, MA cash) D t pprove 2010 FY eques e FY-2011 FY-2012 FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 TOTAL 31101201014:07- eb - FY11.20 ota apita Debt 990,000 1,046-,0-00 ,262,000 ,092,500 711,000 550,000 865 000 5 5 000 090 000 , 2 0 g , , 932 000 , 9 275 500 , Public Works -:}Water GAEITAL 340,006 263,000; '755,000 587,600 501,000 ,000 260 285,000 - 235,000 5511,000 612,000 402,000, 4,450,000 Water Distribution 340,000 263,000 390,000 550,000 276,000 240,000 285,000 235,000 550,000 612,000 382,000 3,783,000 Water Main Lining Cash 200,000 200,000 200,000 200,000 800,000 Various Water Mains ($2.471 mil) Debt - Debt -Debt Debt 000 350 WM - H St. Loop (Ivy St.) Cash 350,000 , 000 276 WM - Causway Road Loop Cash 276,000 , WM - Belmont - Salem Cash" 150,000 120 000 120,600 WM - Larch Lane Cash , WM - Haverhill-Franklin-Batch ($420k) FY13 Debt WM-Haverhill-Franklin-WkOd($1.865m) FY13 Debt WM - Howard-Cty-Summer ($1.012m) FY14 Debt WM - South-West-Gleason ($1.02m) FY15 Debt 000 250 250,000 250,000 930,000 Meter Replacement Cash 180,000 180,000 000 85 , 85,000 Water System Hydraulic Model Cash , Replace Tapping Machine Cash 10,000 12,000 12,000 24,000 Storage Tank lnspection Cash 350,000 Tank Maintenance - Auburn cash 350,000 200,000 Tank Maintenance - Bear Hill cash 200,000 Oebt - Storage Tank ($1.15mi1.) FY19 45,000 Replace Bob Cat Loader cash 45,000 40,000 Pickup Truck #12 (1997-10yrs) Cash 40,000 35,000 35,000 Replace Car #2 Cash 38,000 Replace Van #2 Cash 38,000 120,000 120,000 Replace Truck #6 Cash 120 000 120,000 Replace Truck #14 Cash , 100,000 100,000 Replace Backhoe #420E Cash 150,000 150,000 Replace Utility Truck 95 Cash 365 000 37,000 225,000 20,000 20,000 667,000 Water supply , WTP design -Debt bt D Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt. Join MWRA (partial-$3.18mil) 8mil) Join MWRA (full-$7 e Debt- Debt Debt Debt - Debt Debt Debt Debt Debt Debt Debt Debt ` . Plant demo & chlorine trmt ($800k debt) Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Plant demo & chlorine trmt ($450k debt) Debt Debt Debt Debt 000 50 Wells Upgrade Cash 50,000 , 225 000 Well Abandonment Cash 225,000 , 150,000 Hydraulic Study - 2nd connection 150,000 165,000 Booster Station SCADA Cash 165,000 000 20 20,000 40,000 SCADA Upgrade (every 5yrs) Cash , 37,000 Pickup Truck #3 (2003-10yrs) Cash 37,000 ---Q Town of Reading, MA cash/ Approved Requested Projected 31101201014:07 Debt FY-2010 FY-2011 FY-2012 FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 TOTAL FY11-20 Debt c Wor-ks -Sewer CAPITAL : Publ 000 450 495,000= 222,000 297,000 130,000 ,140;000_, . 286;000 130 000 390;000 380,000 380 000 2 844;000; i Inflow/Infiltration cash , 100,000 100,000 _ . 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 1,000,000 Seal Sewer Manholes Cash 10,000 10,000 10,000 30,000 Sewer Station Rehabilitation Cash 30,000 30,000 30,000 30,000 30,000 30,000 30,000 3D,000 30,000 30,000 30,000 . 300,000 Fairview/Sunnyside $300ki4yr debt) Debt ?Debt Debt = Debt ' California Road - Sewer Main Cash 165,000 185,000 Meter Replacements Cash 180,000 180,000 250,000 250,000 • 250,000 930,000 Backhoe 430D Cash 130,000 130,000 Replace Jet1VAC #20 (split w/ Strm WV) Cash 140,000 Replace Vehicles Cash 82,000 37,000 150,000 45,000 314,000 Pubhc:W4k -Storm Water CAP IT 200,000 288 000' , 285,000 20$500, 150;400 150,000 300,000 150;000 15 000 150,000 150 D00, 1,961,500`. System Mapping - Drainage General Drainage Cash Cash 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 600,000 Drainage improvements (Project specific) Cash 55,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 865,000 Saugus River Design Cash Saugus River Improvement Debt 150 000 Abalone River Design Cash 150,000 , . Saugus River Improvement Debt 135 000 Sweeper: Elgin Pelican cash 135,000 , 173,000 Truck: Int. #15 Cash 173,000 58 500 TAKEUCHI Excavator (1985) Cash 58,500 , Replace JeVVAC #20 (split with Sewer) Cash 140,000 Requested Projected FY-2011 FY-2012 FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 Water 2,230,234 2,102,206 2,540,591 2,290,076 2,415,786 2,369,890 2,208,257 2,074,624 1,851,097 1,886,045 1,425,669 Debt. 1,890,234 1,839,206 1,785,591 1,703,076 1,914,786 2,109,890 1,923,257 1,839,624 1,301,097 1,274,045 1,023,669 Capital 340,000 263,000 755,000 587,000 501,000 260,000 285,000 235,000 550,000 612,000 402,000 Sewer 574,207 669,113 384,206 382,800 206,934 184,000 280,000 130,000 390,000 380,000 380,000 Debt 124,207 165,113 162,206 85,800 76;934 44,000 Capital 450,000- 495,000 222,000 297,000 130,000 140,000 280,000 130,000 390,000 380,000 380,000 Storm Water 200,000 288,000 285,000 208,500 480,000 467,000 934,000 758,000 1,095,000 1,054,700 1,014,400 Debt 330,000 317,000 634,000 608,000 945,000 904;700 864,400 Capital 200,000 288,000 285,000 208,500 150,000 150,000 300,000 150,000 150,000 150,000 150,000 TOTAL 3,004,441 3,050,319 3,209,797 2,881,376 3,102,720 3,020,890 3,422,257 2,962,624 3,336,097 3,320,745 2,820,069 Water -6% 21% -10% 5% -2% -070 -1170 470 LY/0 Sewer 15% -42% 0% -46% -11% 52% -54% 200% -3% 0% Storm Water 44% -1% -27% 130% -3% 100% -19% 44% 4% 4% Combined 2% 5% -10% 8% 13% 13% -13% 13% 0% Q Tnwn of Rpadina FY - 2010 Budget 311011015:53 Projected Projected Projected Projected Projected Projected Projected Projected Nrojected Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service. Debt Service Debt Service Debt Service New - Not Approved in Italics FY - 2010 FY - 2011 FY 2012 FY - 2013 FY - 2014 FY - 2015 FY 2016 FY 2017 FY-20`18 FY - 2019 FY 2020 W6ter'FUntl - ;$1;890;234 $1;839,206 , :$1,,785,591. $1,703;07Ei. $1,914;786- $2;109,890 $1923,257 $1,839;624'v $1,301;092 $1;274,045 $ 9,023;669. Join MWRA full $7.8m 08-28 Nov 01 678,600 662,513 647,400 632,775 618,150 603,525 588,656 571,350 553,800 538,200 522,600. Join MWRA artiai $3.18m 07-27 Apr 15 277,056 270,656 264,656 258,656 252,656 246,656 237,719 229,719 224,069 217,669 211,269 Demo WTPichlodnate$0.8m 09-18 Jul 01 100,740 98,300 95,860 93,420 90,980 88,540 86,100 83,660 81,220 0 0 Demo WTP/chlodnate $450k 09-13 Feb 01 159,000 156,000 153,000 0 0 0 0 0 0 0 0 Water Treatment Plant Design 2005 2005 123,100 119,800 116,300 112,700 109,000 104,500 0 0 0 0 0 Water Mains$2.471m 08-12 Apr 15 551,738 531,938 508,375 0 0 0 0 0 0 0 0 Fin'I stem share 75k 4 r 0 0 0 0 0 0 0 0 0 0 0 0 NMHvrhiil-Frnkin-Wkfid-Batch 420k 5 r 0 0 0 111,300 105,840 100,380 94,920 89,460 0 0 NMHvrhiil-Frnkin-WkBd-Batch 1865k 5 r 494,225 469,980 445,735 421,490 397,245 0 ,Hwrd-Cn -Summer WM 1012k 5 r 0 0 0 0 268,180 255,024 241,868 228,712 215,556 0 0 . INK,, South-West-Gleason 1002k 5 r 0 0 . 0 0 0 265,530 252,504 239,478 226,452 213,426 0 Storage Tank 1150k 5 r 0 0 0 0 0 0 0 0 0 304,750 289,800 Repayment of Princial: 1,375,000 1,375,000 1,370,000 1,187,000 1,389,400 1,589,800 1,489,800 1,489,800 1,032,800 980,400 780,000 Join MWRA full $7.8m 08-28 Nov 01 390,000 390,000 390,000 390,000 390,000 390,000 390,000 390,000 390,000 390,000 390,000 Join MWRA artial $3.18m 07-27 Apr 15 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 Demo WTP/chlorinate $0.8m 09-18 Jul 01 80,000 80,000 80,000 80,000 80,000 80,000 80;000 80,000 80,000 Demo WTP/chlorinate $450k 10-12 Feb 01 150,000 150,000 150,000 Water Treatment Plant Design 2005 2005 100,000 100,000 100,000 100,000 100,000 100,000 Water Mains $2.471 m 08-12 Apr 15 495,000 495,000 490,000 NOS stem share 75k 4 r NM:Hvrhiil-Frnkin-WkBd-Batch 420k 5 r 84,000 84,000 84,000 84,000 84,000 NM:Hvrhiil-Fmkin-WMld-Batch 1865k 5 r 373,000 373,000 373,000 373,000 373,000 WMHwrd-Cn -Summer 1012k 5 r 202,400 202,400 202,400 202,400 202,400 WM: South-West-Gleason 1002k 5 r 200,400 200,400 200,400 200,400 200,400 Stale Tank 1150k a r 230,000 230,000 Interest on Lon Term Debt: 515,234 464,206 415,591 516,076 525,386 520,090 433,457 349,824 268,297 293,645 243,669 Join MWRA full $7.8m 08-28 Nov 01 288,600 272,513 257,400 242,775 228,150 213,525 198,656 181,350 163,800 148,200 132,600 Join MWRA artial $3.18m 07-27 Apr 15 117,056 110,656 104,656 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 20,740 18,300 15,860 13,420 10,980 8,540 61100 • 31660 1,220 Demo WTP/chlorinate $450k 10-12 Feb 01 9,000 6,000 3,000 Water Treatment Plant Design 2005 2005 23,100 19,800 16,300 12,700 9,000 4,500 Water Mains $2.471m 08-12 A r 15 56,738 36,938 18,375 Finl System share 75k 4 r NM:Hvrhiil-Frnkin-WkBd-Batch 420k 5 r 27,300 21,840 16,380 10,920 5,460 NM:Hvrhili-Fmkin-WkBd-Batch 1865k 5 r 121,225 96,980 72,735 48,490 24,245 WM:Hwrd-Cn -Summer 1012k 5 r 65,780 52,624 39,468 26,312 13,156 WM South-West-Gleason 1002k 5 r 65,130 52,104 39,078 26,052 13,026 Store a Tank 1150k 5 r 74,750 59,800 interest on em ore e ; Retirement of Debt (B.A.N.S.) Town of Reading FY - 2010 Budget 311011015:53 Projected Projected Projected Projected Projected Projected Projected Projected Debt Servic(Debt Servic(Debt Servic(Debt Servic(Debt Servic(Debt Servic( Debt Servicoebt Service New - Not Approved in italics FY - 2021 FY- 2022 FY - 2023 FY - 2024 FY 2025 FY 2026 FY 2027 FY 2028 rWater-F04d - $986;779 $949;769 $912,819, $645,869, `$;623,575,$591,375.:,$.!5119, 588 $97,800 Join MWRA(full $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/chlodnate($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 2005 0 0 0 0 0 0 0 0 Water Mains($2471m) 08-12 Apr15 0 0 0 0 0 0 0 0 Fln'I System (share) 75k 4yr 0 0 0 0 0 0 0 0 NM•Hwhiil-Fmkin-ftfid-Batch 420k 5yr 0 0 0 0 0 0 0 0 NM•Hwhiil-Fmkin-Wk/ld-Batch 1865k 5yr WM•Hwrd-Cnty-Summer 1012k 5yr 0 0 0 0 0 0 0 0 WM• South-West-Gleason 1002k 5yr 0 0 0 0 0 0 0 0 . a,,..,.., T..4 iil;mr Avg 97d Mn qsQ Ann 944.950 0 0 0 0 0 . Join MWRA(partial $318m) 07-27 Apr 15 160 000 1bu uuu lbu uuu lbu uuu wu,uuu wu,uuu tou,wu Demo WTP/chiorinate($0 8m) 09-18 Jul 01 Demo WTP/chlorinate ($450k) 10-12 Feb 01 Water Treatment Plant Design 2005 2005 Interest on Join Join MWI Demo WTF Retirement Tnwn of Readina FY - 2010 Budget 311011015.53 New -Not Approved in italics Debt Service FY - 2010 Debt Service FY - 2011 Projected Projected Projected Projected Projected Projected Projected Projected vrolectea Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service FY - 2012 FY - 2013 FY - 2014 FY - 2015 FY - 2016 FY - 2017 FY - 2018 FY _-2019 FY - 2020 Town of Reading FY - 2010 Budget 311011015:53 ewer° ;tin MWRA Inflow & infiltration interest loan Sunn sidelFairview Sewer 07-11 Nov 01 Fin'I S stem share 75k 4 r $ 124;207 41,800 82,407 0 $ 165,113 85,800 79,313 0 x1621206' 65;80.0 85,800 85,800 76,406 0 0 0 $ Xill~ $ :<94,000 76,934 44,000 0 0 0 0 0 0 0 _ 0 0 0 $ 0 0 0 $ 0 0 0 $ 0 0 0- Repayment of Princi al: 116,800 160,800 160,800 85,800 76,934 44,000 0 0 0 0 0 MWRA Inflow•& Infiltration 32,934 32,934 32,934 32,934 32,934 MWRA Inflow & infiltration 8,866 8,866 8,866 8,866 MWRA Inflow & Infiltration 44,000 44,000 44,000, 44,000 44,000 Sunn sideiFairview Sewer 07-11 Nov 01 75,000 75,000 75,000 Fin'I stem share 75k 4 r Interest on Lon Term Debt: 7,407 4,313 1,406 0 0 0 0 0 0 0 0 MWRA Inflow & Infiltration Sunn sidelFairviewSewer. 07-11 Nov 01 7,407 4,313 1,406 Fin'I System share 75k 4 r r .un - - Corm:. a ' $ $ $ $ S 330;000 $ 000; $ 634,0001-,`;$ 608,000 945000 $,-.904,700 864;400 , . Saugus Riverlm ovement l Saugus River Im ovement 11 Abe bna River Improvement 2.0 mil 2.0 mil 2.2 mil 10 10 r 10 0 0 0 0 0 0 0 0 0 0 0 0 _ 330,000 0 0 317,000 0 0 304,000 330,000 0 291,000 317,000 0 278,000 304,000 363,000 265,000 291,000 348,700 252,000 278,000 334,400 Repayment of Principal-, Saugus River Im ovement i Saugus River Imr ovement H Abe bna River Improvement 2.0 mil 2.0 mil 2.2 mil 10 10 r 10 0 0 0 0 200,000 200,000 200,000 200,000 400,000 200,000 200,000 400,000 200,000 200,000 620,000 200,000 200,000 220,000 620,000 200,000 200,000 220,000 620,000 200,000 200,000 220,000 400 244 Interest on Lon Term Debt: Saugus River lm ovement i Saugus River~lmr ovement It Abe bna River Improvement 2.0 mil 2.0 mil 2.2 mil 10 10 10 0 0 0 0 130,000 130,000 117,000 117,000 234,000 104,000 130,000 208,000 91,000 117,000 325,000 78,000 104,000 143,000 284,700 65,000 91,000 128,700 , 52,000 78,000 114,400 Interest onTem ova Debt: e remen o e TOTAL DEBT SERVICE, $ 2,014,440 $ 2,004,319 $-1,947,798 $ =1;788,876 $ 2;321,720 2,470,890 2,557;257= - $ 2,447,624 - $ 2,246,097. $ 2,178,745 1,888,069 Source of Funding Water Fund Sewer Fund Storm Water fund % % 1,890,234 124,207 0 1,839,206 165,113 0 1,785,591 162,206 0 1,703,076 85,800 0 1,914,786 76,934 330,000 2,109,890 144,000 317,000 1,923,257 0 634,000 1,839,624 0 608,000 1,301,097 0 945,000 1,274,045 0 904,700 1,023,669 0 864,400• General Fund Form A $ - $ $ $ $ - $ - $ - $ - $ - $ $ c~ Town of Reading FY • 2010 Budget 3110110 15:53 Projected Projected Projected Projected Projected Projected Projected Projected . Debt Servic(Debt Servic(Debt Servic(Debt Servic(Debt Servic(Debt Servic(Debt Servicfrebt Service New - Not Approved In italics FY - 2021 FY - 2022 FY - 2023 FY - 2024 FY - 2025 FY - 2026 FY - 2027 FY - 2028 Town of Reading FY - 2010 Budget 311011015:53 ewer ;un MWRA Inflow & Infiltration interest loan 0 0 0 0 0 0 0 0 SunnysidelFairview Sewer 07-11 Nov 01 0 0 0 0 0 . 0 0 0 Fin'I System (share) 75k 4yr 0 0 0 0 0 0 0 0 Repayment of Principal: 0 0 0 0 0 0 0 0 MWRA Inflow & Infiltration MWRA Inflow & Infiltration MWRA Inflow & Infiltration SunnysidelFairview Sewer 07-11 Nov 01 AM System (share) 75k 4yr Interest on Long Term Debt: 0 0 0 0 0 0 0 0 MWRA Inflow & infiltration SunnysidelFairview Sewer 07-11 Nov 01 Fin'I System (share) 75k 4yr Corm aer un_ $8.24100, •$.78$;800 $743,500 :$503,200 $475;900 =5248,600 ;:$234;300, Saugus River Imrpovement(l) 2 0 mil 10yr - n _;1 4n„- 239,000 9a6 nnn 226,000 9F9 nnn 2`13,000 0 Sao nnn 99s nnn 0 913 nnn 0 0 0 0_ 0 0 Debt: Source of Funding % % Water Fund 986,719 949,769 912,819 645,869 623,575 591,375 569,588 397,800 Sewer Fund 0 0 0 0 0 0 0 0 Storm Water Fund 824,100 783,800 743,500 503,200 475,900 248,600 234,300 0 General Fund (Form A) $ - $ - $ - $ - $ - $ - $ - $ s or $~qO Finance Committee Meeting y March 3, 2010 r639:,NCoRYO~P` Conference Room, Reading Town Hall The meeting convened at 7:30 PM in the Conference Room of Town Hall. FINCOM Members Present: Committee Chair George Hines, Vice Chair David Greenfield, Barry Berman, Kevin Leyne, Harold Torman, Bryan Walsh, Marsie West, Tom White and Matthew Wilson. Also Present: Town Manager Peter Hechenbleikner, Assistant Town Manager/Finance Director Bob LeLacheur, Fire Chief Greg Burns, Police Chief Jiro Cormier, DPW Director Jeff Zager, Library Director Ruth Urell, Library Trustees David Hutchinson, Cherrie Dubois, Victoria Yablonsky, Karyn Storti and Jeffrey Doucette. Selectmen Camille Anthony, Residents Bill Brown and Tom Ryan. There being a quorum the Chair called the meeting to order at 7:30 pin. Public Comment: Tom Ryan (Dana Road) handed out a list of suggestions where costs could be cut without cutting services. He also included a letter to the editor opposing the meals tax. Bill Brown (Martin Road) spoke in favor of selling the Town land on Oakland Road. He also handed out a list of suggested cuts that would have little or no effect on essential Town services. All three of these handouts are included in full at the end of these minutes. FYll Town Manager Budget Review Mr. Hechenbleikner reviewed the guiding principles in putting this budget together. He again mentioned the cohesive nature of budget preparation between the Town and School sides, and reminded FINCOM that the schools had one more year of a labor contract to honor for FY11. Many years ago the schools broke away from having the same collective bargaining contract period, but the current superintendent and school committee are interested in once again having common contract periods if possible, necessitating the Town to have one-year deals. A full copy of the guiding principles is also at the end of these minutes. FY11 Town Managers Budget: Benefits (pp. 13-19), Capital (pp. 4-12) & Debt (handout) Mr. LeLacheur reviewed the Town's published response to recent articles in the Boston Globe about the universal value of the state GIC insurance plan. The town through bargaining with all of the unions last spring changed to a three-tiered MIIA program that was expected to save more than the GIC alternative would. To date, in FY 10 the projected savings are ,on target, and the GIC has had financial difficulties forcing adverse midyear changes for participants. For FY 11, health insurance is projected to increase by 9.7% and a small enrollment cushion is built in to the budget. Due to a decline in the value of pension investments, the assessment is up 4.5% for the next two years, a bit higher than is usual. Because of slow re-employment, unemployment costs have soared in FYI0 and are expected to remain high in FY11. The Capital Plan (summary on page 5) is generally balanced for the next ten years versus expected funding levels. Next year, there may be a last minute shift in priorities as the Killam parking lot.is in need of paving, and two windows projects are deemed less important. Debt Service (handout) is iS unchanged from last year, except for the addition of 15-year performance contracting debt as well as 5" year fire engine debt. FYII Town Managers Budget: Municipal government overview (pp. 3& 20) Mr. Hechenbleikner re-iterated that all wage assumptions in his budget were for salary freezes except in the case of probation periods due to new hire or promotions. That is to say that zero percent COLAs and no step movement are anticipated in FY11. Expenses are funded at or close to FYI 0 levels. FY11 Town Managers Budget: Library (pp. 60-64) Ms. Urell reviewed a mostly unchanged-budget for the library for FY 11. FTEs and wages are frozen at FY 10 levels at a time when demand for services is increasing from residents. Library materials are funded at the full 15% due to the.last minute state aid budget news from the Governor. FY10 Budget amendments: Library Feasibility Plan Ms. Urell also reviewed a $75,000 request to do a building feasibility study in time to be completed by October 2010 and thus be eligible for state reimbursements on some portion of the final project (smaller projects are funded at 50% maximum, with lesser percentages as size increases). FY11 Town Managers Budget: Community Services (pp.24-30) Ms. Delios reviewed the Community Services department. She explained the loss of funding from the permits revolving fund for FYI 1 for the positions of Staff Planner and Permits Coordinator. Each position was cut from the level #2 budget but restored when state aid in the Governor's budget was not as dire as previously forecast. Mr. LeLacheur explained that a $25,000 reduction to veteran's benefits is the best estimate at this time, based on the actual run rate of the past two months during FY10. FYI1 Town Managers Budget: Town Administration (pp. 21-23) Mr. Hechenbleikner reviewed an unchanged budget for this area. Legal fees are the most difficult to forecast, while property and casualty rates are unchanged for FYI 1. No changes to wages or FTEs are anticipated in FYI l in this budget. FY11 Town Managers Budget: Accounting & Finance (pp. 31-40) Ms. LaPointe discussed some of the broad operating changes caused by MUNIS, and specifically how that affected the Accounting function. The FYI 1 budget is exactly unchanged from FY 10. Mr. LeLacheur described the various portions of the Finance Department. The Board of Assessors requested funding for outside consulting help (level #2 budget). Most of those requests will be done by in-house staff, or be funded either in FY 10 or as/if needed by the FINCOM Reserve Fund in FY 11. The Finance budget is lower in FYI 1 with the exception of additional elections that are scheduled. George Hines asked if FINCOM was interested in scheduling a future executive session to review collective bargaining matters with the Town staff, and FINCOM agreed that they would. FINCOM Minutes: On a motion by Mr. Wilson, seconded by Mr. Walsh, FINCOM voted to accept the minutes from February 24, 2010 as written by a vote of 7-0-2 (White & West- abstaining.) On a motion by Mr. Torman, seconded by Mr. Greenfield, FINCOM voted to adjourn at 10:20pm by a vote of 9-0-0. 2 Areas in which costs could be cut without cutting services: Health insurance-how much do employees pay now? What Voluntary pay freeze. School salaries alone would result in about $275,000 Professional Development Tuition reimbursement Sick pay, vacation pay buyback Out of Town travel expenses Crossing guards: suggest parent volunteers Have Town Counsel show up only when necessary Sidewalk plowing: do it right or don't do it at all Areas to question: Are we collecting all the ambulance fees we are due? How much money is returned to the Town from the overlay account? Thomas I Ryan 87 Dana Rd. 781944-2544 tobus111@verizon,net 0 To the Editor: It's `only' .75%. It's `only' 7.5 cents additional tax on a $10 meal. It's `only' 75 cents additional tax on a family meal of $100. These `onlys' mean the meals tax will be 7%, a 40% increase over a few years ago. TLC means tender loving care in hospitals. TLC in Reading means Tax-Loving Crowd. The Finance Committee is on record as favoring the increase in the meals tax; one member gleefully hoping we'll get all the out-of-towners to pay up for dining here. Other communities are saying the same thing, as though the increased tax will not affect their own residents. Leading the Tax-Loving Crowd, of course, is the School Committee. All the members voted to support the tax increase, and some said they will vote for it at Town Meeting. One - member reportedly suggested if people don't like the tax in Reading, they can eat in some other town and give them the meals tax. Whatever happened to `Shop and Dine in Downtown Reading'? But the `only' has been used often in the past. When the high school renovation was being discussed a local real estate agent suggested the increase in taxes would be `only' $33 per month for the averaged assessed house, a little over $1 per day. When the elementary schools were being discussed the average family would pay `only' $26 per year, about 7 cents per day. You can break down every item in the budget to a matter of pennies. For instance, the $50 million tax levy in Reading can be represented as `only' 1 cent per minute for the average assessed value of single homes. Estimates of a tax receipts for Reading vary: $150,000 to $170,000. But the state doesn't say we'll get back all the tax collected. The return to Reading will be proportional with, no. guarantee we'll get any money at all. What we need in Reading is more Tender Loving Care for the taxpayers, especially for the 3300 plus elderly on fixed incomes, who will have a pay freeze next year, and a pay cut when their real estate taxes increase automatically. Also needed in Reading is a large turnout next spring at the voting booth. We can't vote out the Finance Committee members since they are appointed. But we can ask for a roll call vote at Town Meeting next week to see who is in favor of the tax increase, and then say goodbye to the Tax-Loving Crowd at election time. Not all will be removed, but they will be removed eventually. It's `only' a matter of time. Thomas J. Ryan 87 Dana Rd. Reading, MA 01867 781944-2544 Town of Reading Finance Committee Subject : Revenue Sources and Position Cuts on Town Side Dear Committee You have suggested that we that speak out against tax increases do not offer cuts I would like to suggest the following cuts that I feel would have little or no effect on essential Town services.. # 1 Reduce the Town Planner position to half time . # 2 Do away with the Assistant Planner position. # 3 Do away with the Permit Coordinator. # 4 Do away with the GIS Coordinator. Given the 66/ 33 School Town split on revenue and expenditures these cuts with the reduced benefits should more than offset the $49,500 of the Towns share of the proposed $ 150,000.00 meals tax. Sources of Revenue #1 The land on Oakland road This land contains 157,000 Sq. Ft not including portions of three streets , under S15 zoning this is 10 house lots, at a minimum of $ 200,000.00, per lot = $ 2,000,000.00. Because this is Tax Title the Board of Selectmen after an appraisal can sell it The monies from the sale can be used for capital projects or debit reduction.. # 2 A lot on the corner of Pearl and Audubon of 20,000 Sq Ft could bring $ 300,000.00. #3 A lot on Jere Rd that was taken for a water tower site 50 years ago that is not large enough for a MWRA site could bring # 300,000.00. Both of the above would require Town Meeting action . #4 An aggressive traffic and parking violation campaign. Sincerely William C. Brown 28 Martin. Rd. Reading, Ma 01867 Town Meeting Member Precinct 8 l~