Meeting Agenda and Minutes

Name: Board of Finance
Start: 2020-03-11T23:30+00:00
End: 2020-03-12T03:59+00:00
Location: Town Hall- Auditorium

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Board of Finance

Date: 03/11/2020 7:30 PM 03/11/2020 7:30 PM 03/11/2020
Location: Town Hall- Auditorium

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Public Budget Hearings will be held by the Board of Finance beginning at 7:30 PM each night on TUESDAY, MARCH 10, 2020 (Selectman's Budget) in room 201/201A at Town Hall, WEDNESDAY, MARCH 11, 2020 (if needed) in the Town Hall Auditorium, and THURSDAY, MARCH 12, 2020 (Board of Education Budget Presented by Interim Superintendent David Abbey and BOE Chair Candice Savin) in the Town Hall Auditorium, to review the 2020-21 Budget requests of the Town of Westport.
The following is a summary of the Budget requests as presented to the Board of Finance.
(A complete copy of the Budget is on file in the Town Clerk's office
or online www.westportct.gov under the Finance Department)
TOWN OF WESTPORT REQUESTED BUDGET FOR THE 2020-21 FISCAL YEAR:
		2018-19	2019-20	2019-20	2020-21
GENERAL FUND:		Actual	Budget	Projected	Requested
Revenues
	Current Taxes	187,088,296	187,420,998	187,420,998	TBD
	Prior Taxes	2,373,465	1,500,000	2,100,000	2,000,000
	Education	1,060,684	923,635	923,635	1,231,430
	Parks & Recreation	5,116,955	5,890,137	5,890,137	5,769,293
	Other	11,797,943	10,077,989	10,623,738	10,740,772
	Transfers	1,233,000	1,187,000	1,208,000	208,000
Total Revenues:		208,670,343	206,999,759	208,166,508	19,949,495
Expenditures
01	General Government	6,126,358	6,379,438	6,440,060	6,667,054
02	Public Safety	21,121,794	21,990,149	22,056,664	22,658,674
03	Public Works	9,900,839	10,839,334	10,968,369	11,289,196
05	Human Services	1,203,692	1,287,436	1,327,151	1,399,701
08	Parks & Recreation	5,867,469	6,345,379	6,391,276	6,494,298
09	Pension,OPEB,Insurance & Misc.	24,292,075	24,593,963	24,431,135	20,438,795
10	Debt Service	3,976,930	3,647,824	4,416,398	4,009,426
11	Transfers to Other Funds	1,892,835	1,368,165	1,368,165	2,368,165
	Special Appropriations	97,825	0	0	0
Town Totals:		74,479,816	76,451,688	77,399,218	75,325,309
	Board of Education Expenditures
650	Board of Education	116,694,934	118,250,464	118,250,464	123,263,487
650	BOE Program Expenses	139,225	140,713	140,713	283,352
651	BOE Rental/Reimbursements	131,502	0	0	0
652	Aid to Pvt/Parochial Schools	372,467	393,800	393,800	484,679
654	BOE Debt Service	10,834,287	9,556,912	9,556,912	8,725,430
656	Transfer to Capital Nonrecurring Fund	200,000	0	0	0
Total	Education	128,372,416	128,341,889	128,341,889	132,756,948
04	Health	578,111	583,611	583,611	590,811
07	Library	4,871,703	4,985,375	4,985,375	5,161,360
907	Earthplace	95,000	95,000	95,000	95,000
915	Westport Transit District	283,776	355,000	355,000	365,000
Total General Fund Expenditures:		208,680,822	210,812,563	211,760,093	214,294,428
RAILROAD PARKING FUND:
Revenues
	Parking Permits	1,399,422	1,410,000	1,430,000	1,538,750
	Daily Parking	422,845	425,000	425,000	506,400
	Rent & Miscellaneous	92,739	93,000	95,000	95,000
	Interest Income	11,361	40,000	40,000	40,000
Total Revenues:		1,926,367	1,968,000	1,990,000	2,180,150
Expenditures
219	Railroad Parking	1,893,144	2,071,049	2,074,268	1,946,441
WAKEMAN FARM FUND:
Revenues
	Wakeman Farm Revenues	290,881	288,504	288,504	353,000
Expenditures
215	Wakeman Farm	278,382	284,840	304,640	352,023
SEWER FUND:
Revenues
	Assessments	936,291	975,000	950,000	980,000
	Use Charges	3,157,725	3,250,000	3,250,000	3,250,000
	Carrying Charges	304,774	300,000	325,000	325,000
	Other	170,029	165,000	312,959	256,056
	Transfer From Other Funds	368,165	368,165	368,165	368,165
Total Revenues:		4,936,984	5,058,165	5,206,124	5,179,221
Expenditures
03	Sewage Treatment/Collection	1,749,974	1,885,730	1,913,344	1,985,074
09	Miscellaneous	435,868	435,868	435,868	483,565
10	Debt Service	2,829,673	2,724,983	2,724,983	2,710,582
Total Expenditures:		5,015,515	5,046,581	5,074,195	5,179,221
					Brian Stern, Board of Finance Chair

Agenda:Board of Finance March 11

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