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Actual RECAP RECAP Change % change FY2019 FY2020 FY2021 FY20-21 FY20-21 REVENUES PROPERTY TAXES PRIOR FISCAL YEAR LEVY LIMIT 95,321,557 $ 99,208,799 $ 107,591,472 8,382,673 $ 8.45% Amended Growth 3,204 0 2 1/2% Increase 2,383,119 2,480,220 2,689,787 209,567 8.45% Current New Growth (Footprint shift from Local Recpt 4,000,000 (4,000,000) Current New Growth (Value increas 1,500,919 1,902,454 1,200,000 (702,454) -36.92% LEVY LIMIT Subtotal (from DOR 99,208,799 107,591,472 111,481,258 3,889,787 3.62% TAX LEVY Real & Personal Actual REC 95,083,826 103,616,867 109,481,258 5,864,391 5.66% Excess Levy Capacity 4,124,973 3,974,605 2,000,000 (1,974,605) -49.68% LOCAL RECEIPTS Motor Vehicle 4,573,366 4,050,000 4,100,000 50,000 1.23% Hotel Motel Tax 813,554 600,000 450,000 (150,000) -25.00% Meals Tax (Local Options) 1,152,079 900,000 450,000 (450,000) -50.00% Boat Excise Tax 35,161 30,000 30,000 0 0.00% Cannibis Excise 122,891 100,000 500,000 400,000 0.00% Interest On Taxes 517,248 406,028 400,000 (6,028) -1.48% Urb Revev CH121A 836,882 500,000 500,000 0 0.00% In Lieu Of Taxes 837,861 620,000 700,000 80,000 12.90% Atg Revenue (Medical Marijuana D 303,565 100,000 400,000 300,000 300.00% Other Departmental Revenues 2,657,299 1,900,000 1,600,000 (300,000) -15.79% Parking Fees 3,405,988 2,850,000 1,425,000 (1,425,000) -50.00% Licenses And Permits 543,169 450,000 337,500 (112,500) -25.00% Fines And Forfeits 1,151,517 800,000 600,000 (200,000) -25.00% Investment Income 379,496 229,000 171,750 (57,250) -25.00% Medicaid 897,515 700,000 600,000 (100,000) -14.29% Miscellaneous Recurring Income 472,001 100,000 225,000 125,000 125.00% Miscellaneous Non-Recurring Incom 3,750,000 0 - 0 Local Receipt Revenue Subtotal 22,449,591 14,335,028 12,489,250 (1,845,778) -12.88% ENTERPRISE FUNDS REVENUE Sewer 10,420,115 10,182,959 10,165,959 (17,000) -0.17% Water 5,456,387 5,481,367 5,795,306 313,939 5.73% Trash 936,000 870,000 899,925 29,925 3.44% Peg Access Cable (FY20 1st Yr) 0 526,250 691,250 165,000 31.35% Enterprise Funds Revenue Subto 16,812,502 17,060,577 17,552,440 491,863 2.88% OTHER REVENUES AND FINANCING SOURCES Cherry Sheet Revenue (Pg. 2 Reca 30,341,747 34,506,150 29,548,511 (4,957,639) -14.37% Massachusetts Sba Payments (Pg. 732,824 732,824 - (732,824) -100.00% Stabilization 2,050,000 2,050,000 Free Cash Used For: 0 Level The Tax Rate (Pg. 2 Re 1,700,000 0 600,000 600,000 Overlay Surplus 200,000 0 - 0 Ofs-To Reduce Tax Rate (Pg. 2 Recap Llld. 4) R/Res - Witch House 272,058 298,516 150,000 (148,516) -49.75% R/Res - Golf Course 780,000 710,000 575,000 (135,000) -19.01% R/Res - Harbormaster 285,000 230,000 180,000 (50,000) -21.74% Estimated State + Other Revenue 34,311,629 36,477,490 33,103,511 (3,373,979) -9.25% TOTAL REVENUES 168,657,548 171,489,962 172,626,459 1,136,497 0.66% RECAP SHEET FY 2021 Budget MAYOR'S RECOMMENDED BUDGET Sec 3 - 8 ---PAGE BREAK--- Actual RECAP RECAP Change % change FY2019 FY2020 FY2021 FY20-21 FY20-21 RECAP SHEET FY 2021 Budget MAYOR'S RECOMMENDED BUDGET EXPENDITURES General Government 6,927,997 8,637,063 8,024,864 (612,199) -7.09% Public Safety 21,258,341 22,561,031 22,092,036 (468,995) -2.08% Public Works And Facilities 5,423,957 4,033,793 3,747,358 (286,435) -7.10% Human Services 1,323,958 1,648,920 1,640,930 (7,990) -0.48% Cultural And Recreational 2,719,274 3,039,543 3,027,365 (12,178) -0.40% Debt Service - General Fund Includ 7,493,545 7,417,804 7,627,024 209,220 2.82% Assessment-Essex Ns Agricultural 2,316,580 2,288,533 2,367,453 78,920 3.45% Assessment-Cherry Sheet 8,599,120 9,150,677 9,049,302 (101,375) -1.11% Employee Benefits: Salem Retirement Board Assess 11,474,982 12,287,979 12,778,085 490,106 3.99% Non-Contributory Pensions 10,353 9,779 10,034 255 2.61% Workman'S Compensation 423,437 463,216 491,305 28,089 6.06% Unemployment Compensation 208,517 300,000 300,000 0 0.00% Group Insurance - City, School & 12,403,239 14,616,817 15,427,036 810,219 5.54% Medicare 1,189,939 1,245,362 1,262,407 17,045 1.37% P&C Insurance - City Only (School 298,153 348,969 292,384 (56,585) -16.21% Budget Transfers Out: Retirement Anticipation Fund 83 600,000 600,000 600,000 0 0.00% Bentley Elementary School* 3,238,570 3,277,144 - (3,277,144) Salem 2026 Fund 10,000 50,000 25,000 (25,000) -50.00% City Expenditure Subtotal 85,919,963 91,976,630 88,762,583 (3,214,047) -3.49% Education - Public Schools 57,628,889 59,833,547 63,449,649 3,616,102 0.54% Education Subtotal 57,628,889 59,833,547 63,449,649 3,616,102 6.04% GENERAL FUND SUBTOTAL 143,548,852 151,810,177 152,212,232 402,055 0.26% Sewer Enterprise Fund Budget (Net 7,443,981 7,923,570 8,017,900 94,330 1.19% Water Enterprise Fund Budget (Net 6,108,078 6,308,761 6,449,189 140,428 2.23% Trash - Enterprise Fund Budget 3,505,984 3,706,362 3,876,200 169,838 4.58% Peg Access Cable 0 526,250 691,250 165,000 31.35% 0 ENTERPRISE SUBTOTAL 17,058,043 18,464,943 19,034,539 569,596 3.08% SUBTOTAL - GENERAL FUND + E 160,606,895 170,275,120 171,246,771 971,651 0.57% ADD - OTHER EXPENDITURES: OTHER - Cherry Sheet Offset (pg. 126,561 182,628 221,127 38,499 21.08% Overlay Deficit (pg. 2 llb4 of recap) 0 - 0 Snow and Ice Deficit (pg. 2 llb9 of r 1,471,340 848,602 408,561 (440,041) -51.85% Other Deficits (pg. 2 llb 10 of recap) FEMA grant deficit (fund 25 61,591 62,402 (62,402) -100.00% Overlay (Allowance For Abateme 575,714 706,640 750,000 43,360 6.14% Salary increases to be negotiated 0 Offset Receipts - Electric Dept (A-1) 0 SUBTOTAL - OTHER EXPENDITU 2,235,206 1,800,272 1,379,688 (420,584) -23.36% TOTAL EXPENDITURES 162,842,101 $ 172,075,393 $ 172,626,459 $ 551,066.53 $ 0.32% Revenue vs Expenditures (Negative re 5,815,447 -585,431 0 585,431 Sec 3 - 9