HomeMy WebLinkAboutBudget Committee Minutes 7-12-2021
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BUDGET COMMITTEE
Minutes - July 12, 2021
Committee present: Eric Levine - Chairman, Pat Leary, Pam Bleiwas
Staff present: Donna Shaw, Judy Drake, Joe Slater, Dan Thaete, Marty Mosely
Others present: Rod Howe
Meeting was called to order at: 12:02 p.m.
AGENDA ITEMS:
Review and approve meeting minutes from May 10, 2021 and June 14, 2021
The meeting minutes from June 14, 2021 were not ready at this time and will be reviewed at the
next meeting.
The meeting minutes from May 10, 2021:
Moved: Rod Howe Second: Pam Bleiwas Motion Passed.
Review and discuss 2022 Capital Budget.
The Committee reviewed the schedule for capital projects scheduled for 2022:
- WATER TANKS - No projects are scheduled for 2022.
- WATER MAINS - Water Main Improvements for 2022 total $1,925,000 and consist of the Troy
Road Watermain Extension, estimated at $575,000; Ridgecrest Booster Pump and 12” Bypass,
estimated at $1,100,000; and Troy/Coddington Generators, estimated at $250,000. It is
anticipated that this work will be financed by issuing new long-term debt.
- SANITARY SEWERS - The amount of $300,000 will be budgeted for Sewer Manhole Rehab in 2022,
which will be funded from current year revenues in the Sewer Fund. There will also be $450,000
budgeted for Forest Home Pumpstation #1/FM Rebuild which will use available fund balance.
- STORM DRAINAGE - The amount of $30,000 will be budgeted in 2022 for drainage improvements
at PWF, which will be funded from fund balance in the General Townwide Fund.
- ROAD IMPROVEMENTS – The 2022 Road Improvement Program is budgeted at $755,000 and
includes the following projects:
- Sesame/Allison $ 60,000
- Campbell/Hopkins 25,000
- Eldridge Circle 45,000
- Happy Lane/Indian Creek 210,000
- Williams Glen 80,000
- Valley View Road 45,000
- Orchard Hill 55,000
- Evergreen 25,000
- Westhaven 115,000
- Hopkins 95,000
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These projects will be financed with current year property tax and CHIPS revenue.
- SIDEWALKS – No projects are scheduled for 2022.
- TOWN FACILITIES – The Design of the PWF Fuel Station is budgeted in 2022 at $100,000 and will
use available fund balance.
- PARKS & TRAILS – Improvements to Town Parks & Trails for 2022 is budgeted at 145,000 and
includes a $55,000 local share contribution (from Open Space Plan Reserve) to the new Babcock
Ridge Trail design, pending grant approval, as well as the following projects:
- Trail Overlay / Drainage Improvements 50,000
- Saunders Park Construction 40,000
The Trail Overlay will be financed with current year revenue. The cost of the Saunders Park
Construction will be partially offset by the remaining balance of a $90,000 donation from a local
resident.
Review and discuss Vehicle/Equipment Replacement Schedule for 2022.
The Committee reviewed the spreadsheet for the preliminary 2022 Vehicle/Equipment
Replacement. The total of new equipment is budgeted at $749,500. This includes a new addition
of a Telescopic Boom Lift for $160,000. There are also several pieces of equipment that have been
deemed as surplus and will not be replaced – this equipment is estimated to bring $177,000 in
income from auction. The total amount estimated to be received from auctioning thirteen pieces
of equipment is $340,000.
Discuss COLA for FY-2022.
The recommended COLA for all staff in 2022 is 2.5% based on the collective bargaining agreement
in place for Public Works staff.
Update on Sales Tax collections for 2021.
For the first five months of 2021, sales tax collections of $1,420,624 are 20.5% higher than the
$1,178,956 received for the same period in 2020, and 6.9% higher than the $1,328,908 received in
the same period in 2019.
ARPA update.
We are continuing to monitor any new guidance being issued. At this point, we anticipate using the
ARPA funding for water and/or sewer infrastructure. Public Works Committee will be discussing
options in the coming months.
Update on Bolton Point 2022 Water Rates.
The Commission approved a 3.0% increase to the Bolton Point water rate on 7/8/2021. The new
rate will be $5.77/1,000 gallons with a minimum bill amount of $28.85 for 5,000 gallons.
Other Items.
No other items were discussed.
The meeting was adjourned at 12:34 p.m.
Next Meeting: Monday, August 9, 2021 at 12:00 pm, Town Hall - Aurora Room