1 / 19

2011 Preliminary Budget

2011 Preliminary Budget. Tax Rate / Implications Revenue Expenditures Fund Balance. Total 2011 Appropriations by Fund. 2011 Tax Increases/Decreases by Fund. Tax Implications for Homeowner (per $10,000 assessment). Total Tax Bill for Homeowner in Yorktown School District.

onaona
Download Presentation

2011 Preliminary Budget

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2011 Preliminary Budget • Tax Rate / Implications • Revenue • Expenditures • Fund Balance

  2. Total 2011 Appropriationsby Fund

  3. 2011 Tax Increases/Decreasesby Fund

  4. Tax Implications for Homeowner(per $10,000 assessment)

  5. Total Tax Bill for Homeowner in Yorktown School District

  6. Total Tax Bill for Homeowner in Lakeland School District

  7. General, Highway & Library Expenditures by Department

  8. General, Highway & Library Expenditures by Type

  9. 2011 Expense Reductions • 11 Fewer Full Time Positions • Re-allocation of Staff • Library Hours Reduced • YCCC Sunday Closing • Fewer Bulk Trash Pick-ups • No Paid Conference Attendance

  10. General, Highway & Library 2011 Budgeted Revenues

  11. General, Highway & Library Property Tax vs. Total Revenue

  12. General, Highway & Library2011 Revenue Increases • Sales Tax (projected) +$330,000 • Franchise Fees (projected) +$100,000 • Costco SEQRA (projected) +$25,000 ____________________________________ • Fund Balance (transfer) +$150,000

  13. What’s NOT Included in 2011 Budget • Contingency Line • Employee Raises (CSEA, PBA) • Tax Certiorari Settlements • New Capital Projects & Repairs • Road Paving (beyond CHIPS) • Snow Removal Overages

  14. Snow Removal History(Budget vs. Actual Expense)

  15. Why We Need a HealthyFund Balance • Cash Flow (Tax Collections/Payments) • Unexpected Expenses • Under Budgeted Expenses • To Finance Capital Projects • Better Bond Rating

  16. Fund Balance(Restricted vs. Unrestricted)

  17. Decreasing Fund Balance(% of General Fund)

  18. Fund BalanceUncollectible Liens • On Town property that has been sold • On Town owned exempt property • On roads not properly deeded to Town • On NY State property • On pending foreclosures

  19. Fund BalancePotential 2011 Impact Unrestricted Fund Balance $1,891,078 • Uncollectible Liens -$700,000 • Tax Certioraris -$300,000 • Wage Increases -$300,000 • Unexpected Expenses -$100,000 • Under Budgeted Expenses -$100,000 -$1,500,000

More Related