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Proposed FY 2015-2016 BudgetTown of Denmark
Presentation to Board of SelectmenFebruary 11, 2015
Direction of Selectboard
Maintain service levelsPrepare accurate budgetAllowance for 3% Cost of Living Adjustment (COLA)
Factors Influencing Overall BudgetIncrease in Health Insurance of 7%Increase in Workers Compensation of 96%Increase in Property and Casualty of 20%Upgrading 1 PT position in DPW to FT, BenefittedShifting Volunteer FD wage scale from $15/call to $11/hour3% Cost of Living Adjustment for all Town EmployeesState Revenue Sharing at FY ‘14-’15 levelsCounty Tax up 3.3% to $216,049School Tax not yet set, but SAD 72 est. at $1.9 Million, up 2%
How is the Budget Set?
Total expenses from Town, School and County added together.Revenues from Town, State, Grants, etc. reduces Town side. County and School figures are already including these revenue sources.Total Budget amount divided by Taxable Valuation of the Town, multiplied by 1,000 equals the Total Tax Rate:
FormulaTotal Budget
(Town, County, SAD 72)
- RevenuesTotal Town Assessed
Valuation
X 1,000 (.000) = Mill Rate
$3,061,069.08$299,134,890.00
= 0.01023307 X 1,000 = $10.23
Summary of Budget as Proposed
Overall Town Budget of $1.32 MillionCounty Budget of $216kSAD 72 Budget of $1.9 MillionTotal Combined Budget of $3.4 MillionTownwide Taxable Valuation of $299 MillionEstimated tax rate of $10.23 (up from $8.98, or $1.25 from previous year)
Proposed FY 2015-2016 Town BudgetEst. Tax Rate Summary
Total Operating Budget: $1,004,826.08Total Capital Budget: $ 318,652.00Total Municipal Budget: $1,323,478.08 ( +1.43%)Est. Municipal Revenues: $ 378,458.00 ( +0.18%)Total Proposed FY 2015-2016 Town Budget (Minus revs.): $ 945,020.08 Total Proposed FY 2015-2016 Town Budget (Minus revs.): $ 945,020.08Total FY 2015-2016 County Commitment: $ 216.049.00Total Estimated FY 2015-2016 MSAD Commitment: $1,900,000.00Total Projected FY 2015-2016 Commitment: $3,061,069.08 Estimated Tax Rate FY 2015-2016Total Municipal Valuation: $299,134,890.00Total Projected FY 2015-2016 Commitment: $ 3,061,069.08Total Est. Tax Rate (Comm./Valuation x 1,000): $ 10.23 Tax Rate BreakdownTown Portion of Est. Tax Rate: $ 3.16County Portion of Est. Tax Rate: $ 0.72School Portion of Est. Tax Rate: $ 6.35Total Est. Tax Rate FY 2015-2016 $ 10.23
Tax Rate by Allocation – Governments
216049; 7%
945020.08; 31%
1900000; 62%
Total Tax Commitment by Government
Total County Portion of Budget
Total Municipal Budget, Minus Revenues
Total School Portion of Budget
Town Budget: By Category
Other; 43390; 3%
Legal Services; 10000; 1%
Unanticipated Expenses; 12000; 1%
Outside Agencies; 16952; 1%
Property and Vehicle Insurance; 19800; 2%
Assessing; 20400; 2%
Fire Dept.; 46883.25; 4%
Vehicle Fuel; 52000; 4%
Transfer Station; 113201; 9%
Capital Improvements; 281700; 21%
Adminsitration; 289987.4; 22%
Public Works; 407164.44; 31%
Town Expenses FY 2015-2016
Municipal Budget by CategoriesAdministration: $ 290,987.40 ( -3.53%)Assessing: $ 20,400.00 ( 0.00%)Transfer Station: $ 113,201.00 ( +4.45%)Public Works: $ 407,664.44 (+10.40%)Fire Department: $ 46,883.25 (+26.49%)Recreation: $ 5,590.00 (+24.22%)Street Lights: $ 4,900.00 ( 0.00%)Vehicle Fuel: $ 52,000.00 ( 0.00%)Ambulance Service: $ 8,000.00 ( 0.00%)General Assistance: $ 5,000.00 ( -16.67%)Legal Services: $ 10,000.00 ( 0.00%)Animal Control: $ 3,000.00 ( 0.00%)Property and Vehicle Insurance: $ 19,800.00 (+19.64%)Building Repair and Maintenance: $ 6,500.00 ( -23.53%)Fireworks: $ 4,000.00 ( 0.00%) Planning Board: $ 3,400.00 ( 0.00%)Board of Appeals: $ 2,000.00 (+33.33%)Conservation Commission: $ 1,500.00 ( -25.00%)Total Operating Budget: $1,004,826.08 ( +4.55%)
Capital Improvement Projects/Purchases: $ 289,700.00 ( -7.59%)Unanticipated Expenses: $ 12,000.00 ( -20.00%)Outside Agencies: $ 16,952.00 (+11.14%)Total Capital Budget: $ 318,652.00 ( -7.30%)
Total Operating Budget: $1,004,826.08Total Capital Budget: $ 318,652.00Total Municipal Budget: $1,323,478.08 ( +1.43%)
Budget Details in Excel Pages of Budget Document
Town Revenues v. Total Commitment – Taxation
378458; 11%
3061069.08; 89%
Town CommitmentFY 2015-2016
Est. Town Revenues
Reaminader to be funded through Taxation
Factors to Consider in Summary
Tax Rate in FY ’14 -’15 was reduced by approx. $300k in transfers from surplusIf similar surplus applied to current budget, resultant tax rate would be $9.23Town budget is up 1.43% year over year (+$18,640.69)Overall Town portion of tax rate is $3.16, or 31% of total rate (SAD 72 is at $6.35 or 62%, County at $0.72 or 7%)
Town Budget History2005-2015
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 $-
$500,000.00
$1,000,000.00
$1,500,000.00
$2,000,000.00
$2,500,000.00
$945,966.00
$1,301,039.00
$1,334,825.00
$776,288.00
$1,486,889.00
$978,488.00
$2,116,649.00
$1,834,017.00
$1,285,837.00
$1,323,478.08
Town Budgets - 2005-2015
Tax Rate History in Denmark 2005-2015
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 $7.00
$8.00
$9.00
$10.00
$11.00
$12.00
$13.00
$14.00
$15.00
$14.60
$9.20
$9.50 $9.50 $9.50
$10.35 $10.35 $10.15
$8.98
$10.23
Historic Tax Rates Denmark
Impact on Average Homeowner
• Average Home Value in Denmark: $200,000• Tax Bill in 2014-2015 at $8.98 rate = $1,796.00• Tax Bill in 2015-2016 at proposed rate of $10.23
= $2,046.00• Difference of $250/yr. or $20.83/mo.
Next Steps:Board of Selectmen Schedule joint Meeting with Budget Committee – March 2015Board of Selectmen and Budget Committee Review budget, inquire of Dept. Heads and Town Manager for info, formulate their budget recommendations – March-April 2015Once BOS and BC have recommendations, Selectmen schedule Public Hearing on Budget (Not less than 10 days prior to Town Meeting, or May 27th) – April - May 2015Once Public Hearing held, BOS approves Budget to be placed on Town Warrant as budget articles. – May 2015Warrant is printed up with Annual Report (Approx. May 13th) and available not less than 3 days prior to Town Meeting (June 3rd). – May 2015Town Meeting (June 6th) – Budget is voted on and approved by residents. – June 2015New Fiscal Year Begins July 1st, 2015
FY 2015-2016 Budget Availability
Hard copies and electronic copies will be sent to Budget Committee with request for first Joint MeetingHard copies and electronic copies will be distributed to Department HeadsFull budget with Executive Summary, etc. will be available for viewing/download on Town web site: www.denmarkmaine.orgHard copies for public available at Town Offices
