Board of Finance Proposed Budget Highlights
Explore the proposed budget for the Fiscal Year 2020-2021 presented by the Board of Finance, including an overview of total revenue, budget breakdowns for the Board of Education and General Government, revenue details, and capital items. Learn about the General Government operating budget, capital items removed from the budget, FY2021 Bond Plan, and how to submit comments for consideration. Dive into the financial details shaping the upcoming fiscal year.
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Presentation Transcript
Board of Finance Proposed Budget Fiscal Year 2020-2021
Agenda Overview of Total Proposal Revenue Board of Education General Government Capital Debt
Proposed Budgets & Mill Rate Board of Education General Government $46.41 million +$1.44 million +3.2% Total $91.47 million +$1.29 million +1.4% $45.06 million -$0.15 million -0.3% 33.93 mills (+0.00 mills or 0.00%)
Revenue: +$1.2 million Taxes o Grand List: +1.9% (+$1.4 million) o Delinquent Tax Collections: +$217,000 o Tax Collection Rate: increased from 99.1% to 99.3% (+$160,000) o Supplemental Motor Vehicle: +$50,000 Non-Tax Revenues o State Grants: $148,000 o User Fees: -$110,000 o Interest & Other Income: +$408,000 o Assigned Fund Balance: -$766,000
Board of Education Please see the Board of Education presentation to the Board of Finance at: https://www.town.berlin.ct.us/egov/apps/document/c enter.egov?view=item;id=6401
General Government Operating Budget STATUS QUO Proposed spend is lower than FY20 budget No new headcount Maintains existing services Maintains public safety $46.4MM $9.9MM $35.1MM TOTAL GENERAL GOVERNMENT BUDGET
ALL CAPITAL ITEMS REMOVED FROM BUDGET Police cruisers Automated External Defibrillators (AEDs) Fire alarm upgrade at Hubbard School vans HVAC upgrades at McGee School security vehicle Office reconfigurations in support of new vestibules Timberlin maintenance building repairs Highway equipment
FY2021 Bond Plan $4,950,000 Continue strategy: retire more than borrow Bridges: $2,400,000 Roads: $1,150,000 Athletic Field Improvements: $1,000,000 Fire Vehicle (50% down payment): $400,000
Comments Please email any comments to townbudget@town.berlin.ct.us. Any comments received by noon on March 31st will be shared with the Board of Finance before the Board votes to send the budget to the Town Council.
