June 23, 2009
Agenda
7:00 P.M. –
BUDGET HEARING
REPORT TO TAXPAYERS ON CURRENT AND PROPOSED BUDGET
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Amounts
Actually |
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Proposed
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Budgeted for Current Year |
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Budget
Year |
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Operating/Capital |
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Operating/Capital |
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General Fund |
FY
2008-2009 |
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FY
2009-2010 |
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General Fund Expenses |
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1. Education |
$34,743,070 |
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$35,746,286 |
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2. General Government |
3,268,140 |
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3,160,348 |
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3. Financial Admin. |
935,103 |
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955,725 |
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4. Police Department |
4,164,646 |
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4,145,267 |
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4a. Harbormaster |
83,666 |
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61,182 |
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5. Fire Department |
3,799,036 |
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4,070,357 |
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6. Public Works/Insp. |
2,292,708 |
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2,263,847 |
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7. |
62,150 |
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62,500 |
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8. Health and Welfare |
1,000 |
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1,000 |
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9. Animal Control |
146,518 |
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145,661 |
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10.
Debt Service-Town |
872,517 |
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910,361 |
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11.
Debt Service-School |
2,335,947 |
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2,368,555 |
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12.
Civic Support |
574,522 |
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552,522 |
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13.
Warrant Items |
45,421 |
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31,825 |
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14.
Melville Campground |
347,193 |
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247,654 |
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15.
Glen Park |
4,900 |
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5,470 |
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16.
Glen Manor House |
191,124 |
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199,812 |
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17.
Replenish Fund Balance |
107,438 |
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0 |
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18.
Transfers out to other funds |
236,230 |
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51,579 |
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General Fund Expenses Total: |
$54,211,329
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$54,979,951
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General Fund Revenues |
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1. Local Property Tax |
$40,364,490 |
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$42,278,267 |
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2. Misc
General Gov't |
4,102,100 |
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3,920,080 |
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3. Federal |
611,000 |
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623,000 |
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4. State |
9,133,739 |
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8,158,604 |
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General Fund Revenues Total: |
$54,211,329
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$54,979,951
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TCM 6/23/09 Agenda Page 2 |
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Transfer Station Fund: |
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Transfer Station Expenses: |
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1. Solid waste disposal |
$401,570 |
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$334,083 |
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2. Recycling |
72,500 |
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51,598 |
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3. |
40,000 |
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77,608 |
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4. Security Services |
36,555 |
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36,711 |
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Transfer Station Expenses Total |
$550,625 |
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$500,000 |
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Transfer Station Revenues |
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1. Transfer Station Fees |
500,000 |
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485,000 |
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2. Other Income |
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15,000 |
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3. Transfer in from General
Fund |
50,625 |
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Transfer Station Revenues Total |
$550,625 |
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$500,000 |
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Wind Turbine Generator Fund: |
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Wind Turbine Generator Expenses: |
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1. Debt Service Payments |
$250,000 |
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$238,643 |
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2. Operating Expenses |
18,000 |
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42,500 |
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3. Contribution to Other Energy
Projects Reserve |
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32,259 |
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4. Contribution to Repair Reserve |
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16,130 |
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Wind Turbine Generator Expenses Total |
$268,000 |
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$329,532 |
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Wind Turbine Generator Revenues: |
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1. Electricity Sales |
$97,000 |
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$0 |
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2. Renewable Energy
Certificates |
67,000 |
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132,000 |
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3. Transfer from Town's energy
savings |
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173,333 |
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4. Transfer from Schools'
energy savings |
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260,000 |
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5. Transfers in from Other
Funds |
104,000 |
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0 |
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Wind Turbine Generator Revenues Total |
$268,000 |
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$565,333 |
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Wind Turbine Generator Net Income: |
$0 |
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$235,802 |
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Distribution of Net Operating Results to
Schools |
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$141,481 |
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Distribution of Net Operating Results to
Town |
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94,321 |
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Total distribution |
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$235,802 |
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In addition to its General, Transfer
Station and Wind Turbine Generator Fund budgets, the Town estimates receipts
of restricted funds given to the Town for specific
purposes. These are carried in a
separate restricted budget. A summary of all funds, unrestricted and restricted,
follows for informational purposes. |
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School Dept. Unrestricted Revenues |
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$35,746,286 |
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School Dept. Restricted Revenues |
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1,428,825 |
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37,175,111 |
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Town Unrestricted Revenues |
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19,233,665 |
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Town Restricted Revenues |
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1,686,677 |
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Subtotal Town All Revenues |
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20,920,342 |
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TCM 6/23/09 Agenda Page 3 |
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Total Unrestricted Revenues |
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54,979,951 |
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Total Restricted Revenues |
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3,115,502 |
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Total All Revenues Combined |
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$58,095,453 |
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The Town of Portsmouth' General, Solid
Waste and Wind Turbine Generator Fund budgets will be considered at a Public
Hearing held at Portsmouth Middle School, 125 Jepson Lane, Portsmouth RI on
Tuesday, June 23, 2009 at 7 p.m. |
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Citizens of the Town of |
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Printed copies of the Proposed 2009-10
Fiscal Budget will be available June 10, 2009 at the |
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The Portsmouth Middle School Auditorium
is handicapped accessible. Individuals
requiring TDD equipment or who are Vision or Speech impaired must notify
the Finance Office at 683-9118 at least 48 hours prior to the meeting date. |
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This is to certify that the data
contained in this report is correct to the best of my knowledge. |
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OLD BUSINESS
1. Budget Adoption FY 2009-2010/Tax Levy Ordinance D.P.Faucher
for the FY 09-10 Budget (from 6/22/09)
THE PORTSMOUTH MIDDLE SCHOOL IS HANDICAP ACCESSIBLE. THOSE PERSONS REQUIRING ASSISTANCE SHOULD CONTACT THE TOWN CLERK’S OFFICE AT 683-2101 PRIOR TO ANY MEETING.
POSTED: 6/18/09