LYME BUDGET FOR FISCAL YEAR ENDING JUNE 30, 2014

May 7th, 2013

LEGAL NOTICE                    
TOWN OF LYME    
      SUMMARY OF THE BUDGET FOR THE YEAR ENDING JUNE 30, 2014      
                     
                     
                     
DESCRIPTION     ACTUAL 2011-2012   ADOPTED 2012-2013   PROPOSED 2013-2014      
BEGINNING FUND BALANCE     $991,890   $1,014,082   $900,262      
REVENUES                    
   General Property Tax     8,069,698   8,047,274   8,348,498      
   All Other Revenues     625,644   493,715   4,452,471      
TOTAL REVENUES     8,695,342   8,540,989   12,800,969      
TOTAL MEANS OF FINANCING     9,687,232   9,555,071   13,701,231      
EXPENDITURES                    
   Operating Expense     8,313,556   8,111,786   8,694,435      
   Capital Expense     359,594   543,023   4,281,076      
TOTAL EXPENDITURES     8,673,150   8,654,809   12,975,511      
                     
ENDING FUND BALANCE     $1,014,082   $900,262   $725,720      
                     
BUDGET FOR THE YEAR        
ENDING JUNE 30, 2014        
      ACTUAL 2011-2012   ADOPTED 2012-2013   PROPOSED 2013-2014      
INCOME DETAIL                    
TAXES, INTEREST & LIEN FEES                    
   General Property Taxes     $8,069,698   $8,047,274   $8,348,498      
   Tax Refund & Rebate     $0   ($5,000)   ($4,500)      
   Interest & Lien Fees     47,456   25,000   25,000      
TOTAL     $8,117,154   $8,067,274   $8,368,998      
                     
LICENSES & PERMITS                    
   Mooring Permits     $2,520   $2,000   $2,000      
   Building Permits     74,740   38,000   30,000      
   Conveyance Tax     57,781   38,000   38,000      
   Other Licenses & Permits     4,540   3,500   3,500      
TOTAL LICENSES & PERMITS     $139,581   $81,500   $73,500      
                     
FINES, FEES & CHARGES                    
   ZBA Fees     $800   $750   $750      
   P&Z Fees     720   1,000   750      
   Waste Disposal fees     3,778   2,500   2,500      
   Town Clerk Fees     25,191   17,000   20,000      
   Refunds & Rebates     5,889   1,500   1,500      
   Visiting Nurse Receipts     382   500   300      
   Miscellaneous     14,602   5,000   5,000      
   Affordable Housing     3,233   3,000   3,000      
   Park & Rec Fees     3,065   5,000   8,200      
TOTAL FINES, FEES & CHARGES     $57,660   $36,250   $42,000      
                     
INTERGOVERNMENTAL REV.                    
   Supplemental Municipal Aid     $6,360   $6,806   $5,700      
   Town Aid Roads     89,008   89,008   180,290      
   Education Equal. Grant     145,556   145,556   145,556      
   PILOT State Prop/C&H     17,544   17,517   14,251      
   Emergency Management     6,518   15,000   13,000      
   Tax Relief-Homeowners     24,837   20,000   20,000      
   Tax Relief-Veterans     474   400   400      
   Miscellaneous Grants     47,876   3,500   3,500      
   Boating Safety     0   0   0      
   Local Cap. Improv. Prog.     20,751   25,928   35,639      
TOTAL INTERGOVERNMENTAL     $358,924   $323,715   $418,336      
                     
REVENUE FROM USE TOWN MONEY                    
   Cemetery Trust Funds     $0   $0   $0      
   Eight Mile Cemetery     0   12,000   12,300      
   Interest on Investments     7,986   7,500   7,500      
TOTAL REVENUE FROM USE TOWN MONEY $7,986   $19,500   $19,800      
                     
OTHER REVENUES                    
   Tel. Access Grant     $10,287   $9,000   $9,000      
   Cap Non-Recurr. Fund     0   0   50,000      
   Hartman Park Fund     3,750   3,750   3,750      
   Town Hall/Library     0   0   3,815,585      
TOTAL OTHER REVENUES     $14,037   $12,750   $3,878,335      
                     
TOTAL REVENUES     $8,695,342   $8,540,989   $12,800,969      
                     
      ACTUAL 2011-2012   ADOPTED 2012-2013   PROPOSED 2013-2014      
EXPENSE DETAIL                    
GENERAL GOVERNMENT                    
   Selectman’s Office     $62,285   $68,093   $69,002      
   Town Clerk’s Office     45,146   47,217   49,500      
   Board of Finance     3,750   3,500   3,750      
   Tax Collector’s Office     36,823   40,424   41,309      
   Assessor’s Office     47,411   52,585   53,513      
   Revaluation     15,000   2,500   15,000      
   Town Treasurer     8,711   8,869   9,069      
   Election Expenses     10,743   17,386   18,689      
   Board of Assessment Appeals     0   250   250      
   Planning & Zoning Comm.     2,192   12,000   10,000      
   Zoning Board of Appeals     3,079   5,000   5,000      
   Zoning Office     31,559   32,151   32,941      
   Harbor Maintenance     3,288   4,000   4,000      
   Conservation Commission     16,729   15,000   11,000      
   Pollution Control     1,456   1,457   1,457      
   Probate Court     1,330   2,000   1,500      
   Auditor’s Expense     24,700   24,700   25,400      
   Town Counsel     17,480   15,000   12,500      
   Town Report     6,258   7,000   7,000      
   General Insurance     74,258   75,739   77,686      
   Workmen’s Comp.     22,035   22,500   25,950      
   Health Insurance     160,794   167,853   137,232      
   FICA     44,541   45,055   45,568      
   Retirement     35,576   40,623   46,998      
   Town Hall Expense     29,456   31,000   31,000      
   Heat & Fuel     69,365   69,000   74,588      
   Affordable Housing     20,097   100   500      
   Elderly     7,097   7,240   7,424      
   Transportation Dist.     1,907   2,193   2,520      
   Hadlyme Hist. Dist.     75   2,500   1,000      
TOTAL GENERAL GOV’T     $803,141   $822,935   $821,346      
                     
PUBLIC SAFETY                    
   Fire Marshal     $4,173   $5,500   $5,664      
   Fire Company     46,655   50,250   55,150      
   VSECI     34,268   37,913   39,641      
   Complex Maintenance     12,800   18,260   16,375      
   Public Safety Utilities     19,732   22,000   22,000      
   Police     5,687   10,000   20,000      
   Emergency Management     5,508   7,000   7,500      
   Building Inspector     20,611   22,004   22,471      
   Hazardous Waste     5,808   7,600   13,195      
   Public Safety Pension     66,277   84,087   74,345      
TOTAL PUBLIC SAFETY     $221,519   $264,614   $276,341      
                     
HIGHWAYS                    
   Superintendent     $56,527   $59,962   $61,460      
   Town Crew     119,354   126,137   129,266      
   Town Crew Benefits     22,761   21,105   21,542      
   Town Aid Roads Maint.     286,860   300,000   245,144      
   General Maintenance     33,807   40,000   40,000      
   Snow & Ice Removal     15,816   45,000   45,000      
   Street Lighting     2,651   3,000   3,000      
   Street Signs     3,349   2,000   4,000      
   Garage Expense     547   1,000   1,000      
   Superintendent Expense     4,250   4,250   4,250      
   Tree Warden Expense     1,200   1,200   1,200      
TOTAL HIGHWAYS     $547,122   $603,654   $555,862      
                     
SANITATION                    
   Landfill Costs     $54,801   $56,032   $59,336      
   Tipping Fees     56,609   57,714   54,290      
   Sanitarian     23,512   23,982   24,582      
   Recycling     16,760   19,257   22,631      
TOTAL SANITATION     $151,682   $156,985   $160,839      
                     
CONSERVATION OF HEALTH                    
   Health Officer     $750   $750   $750      
   Visiting Nurses     3,949   4,500   4,500      
   Vital Statistics     0   75   75      
TOTAL HEALTH     $4,699   $5,325   $5,325      
                     
WELFARE                    
   Women’s Center     $600   $500   $500      
   T.V.C.C.A.     1,000   1,000   1,000      
   Soup Kitchen     500   500   0      
   Family Service     3,500   3,500   3,500      
   Reg. Mental Health     116   116   116      
TOTAL WELFARE     $5,716   $5,616   $5,116      
                     
LIBRARY                    
   TOTAL LIBRARY EXPENSE     $134,734   $138,997   $142,456      
                     
RECREATION                    
   Hartman Park     $484   $3,750   $3,750      
   Park Maintenance     8,209   10,893   11,038      
   Recreation Commission     18,801   28,500   18,850      
   Rogers Lake Commission     11,146   48,685   17,973      
   Town Woods Property     33,586   30,000   32,550      
TOTAL RECREATION     $72,226   $121,828   $84,161      
                     
MISCELLANEOUS                    
   Miscellaneous      $1,082   $2,000   $2,000      
   Council of Sm. Towns     725   725   725      
   CT River Cons. Dist.     1,421   1,421   1,421      
   Mouslon Fund     0   100   100      
   Contingent Account     185   2,000   4,000      
   Data Processing     27,006   30,000   35,000      
   8 Mile River Cemetery     5,040   3,800   7,000      
   Lyme Cemeteries     3,278   5,800   5,300      
   Dog Fund     5,000   5,000   5,000      
   CRERPA     5,113   5,712   6,203      
   CRERPA Seniors     9,000   9,500   9,750      
   Lyme Youth Services     22,500   23,000   23,500      
   Elderly Housing     1,500   1,500   1,500      
   Literacy Volunteers     600   600   800      
   CCM     1,326   1,353   1,353      
   L/OL Senior Center     8,719   13,062   14,490      
   Secter     1,206   706   706      
   LRCPOB     0   100   100      
TOTAL MISCELLANEOUS     $93,701   $106,379   $118,948      
                     
EDUCATION                    
   District #18 Expense     $5,862,930   $5,885,453   $6,483,107      
                     
REDEMPTION OF DEBT – INTEREST                    
   General Obligation Bonds Interest     $16,086   $0   $40,934      
                     
REDEMPTION OF DEBT – PRINCIPAL                    
   General Obligation Bonds Principal     $400,000   $0   $0      
                     
TOTAL OPERATING EXPENSE     $8,313,556   $8,111,786   $8,694,435      
                     
      ACTUAL 2011-2012   ADOPTED 2012-2013   PROPOSED 2013-2014      
CAPITAL EXPENSE                    
GENERAL GOVERNMENT                    
   Office Equipment     $0   $0   $0      
TOTAL GENERAL GOVERNMENT     $0   $0   $0      
                     
PUBLIC SAFETY                    
   Fire Truck Lease     $0   $75,000   $95,000      
   Rescue Truck Lease     75,627   0   0      
   Fire Company Equipment     21,857   22,600   20,000      
   Hadlyme Firehouse     2,254   2,000   0      
TOTAL PUBLIC SAFETY     $99,738   $99,600   $115,000      
                     
SANITATION                    
   Site Improvement     $30,000   $33,420   $65,000      
TOTAL SANITATION     $30,000   $33,420   $65,000      
                     
HIGHWAYS                    
   Bridges     $8,588   $0   $0      
   Highway Equipment     0   5,000   5,000      
   Firehouse-Garage     20,751   0   0      
   Town Trucks     0   0   0      
TOTAL HIGHWAYS     $29,339   $5,000   $5,000      
                     
MISCELLANEOUS                    
   Town Hall Improvements     $59,640   $135,128   $3,815,585      
   Local Capital Improvement     80,000   175,000   175,000      
   Vital Rec. Restoral     3,370   4,000   13,365      
   Emergency Management     17,507   13,000   13,000      
   L/OL Senior Center     0   2,875   4,126      
  Open Space      40,000   75,000   75,000      
   Town Woods Development     0   0   0      
TOTAL MISCELLANEOUS     $200,517   $405,003   $4,096,076      
                     
TOTAL CAPITAL EXPENSE     $359,594   $543,023   $4,281,076      
                     
                     
      ACTUAL 2011-2012   ADOPTED 2012-2013   PROPOSED 2013-2014      
GENERAL BUDGET SUMMARY                    
TOTAL INCOME     $8,695,342   $8,540,989   $12,800,969      
TOTAL OPERATING EXPENSE     8,313,556   8,111,786   8,694,435      
TOTAL CAPITAL EXPENSE     359,594   543,023   4,281,076      
TOTAL EXPENSE     $8,673,150   $8,654,809   $12,975,511      
PLAN SURPLUS (DEFICIT)     $22,192   ($113,820)   ($174,542)      
                     
Respectfully submitted by the Board of Finance, Town of Lyme              
Gary Reynolds, Chairman; Thomas Boyd, Clerk              
The audited financial report for the year ended June 30, 2011              
is available at the Town Hall.