Article 5 – FY19 Enterprise Funds Budgets

Article 5 is now open: ARTICLE 5 — APPROPRIATE FY19 ENTERPRISE FUND BUDGETS To see if the Town will vote to appropriate a sum of money to fund the operations of the DPW Water and Wastewater Divisions and the Department of Recreation and Community Programs; determine whether the money shall be provided by the estimated income to be derived in FY2019 from the operations of the related enterprise, by the tax levy, by transfer from available funds, including the retained earnings of relevant enterprise fund, or by any combination of these methods; or act in any other manner in relation thereto. (Inserted by the Board of Selectmen)

Under Massachusetts General Laws Chapter 44, Section 53F½, towns may establish Enterprise Funds for a utility, health care, recreation and transportation facility, with the operation to receive related revenue and receipts and pay expenses of such operation. This article provides for the appropriation to and expenditure from three enterprise funds previously established by the Town. The Recreation and Community Programs, previously the Recreation Enterprise Fund, includes the operations and programs for the Community Center.

MOTION & FUNDS REQUESTED: 
a) Water That the Town appropriate the following sums of money to operate the Water Division of the Department of Public Works during fiscal year 2019 under the provisions of M.G.L. Chapter 44, Section 53F½:
Personal Services - $771,886
Expenses - $494,025
Debt Service - $1,463,902
MWRA Assessment - $7,179,738
TOTAL WATER ENTERPRISE FUND:  $9,922,051 
Said sum to be funded from water receipts and $61,000 from retained earnings.

b) Wastewater That the Town appropriate the following sums of money to operate the Wastewater (Sewer) Division of the Department of Public Works during fiscal year 2019 under the provisions of M.G.L. Chapter 44, Section 53F½:
Personal Services - $359,312
Expenses - $408,150
Debt Service - $1,198,665
MWRA Assessment - $1,198,665
TOTAL WASTEWATER ENTERPRISE FUND: $9,612,995
Said sum to be funded from wastewater receipts.

c) Recreation and Community Programs That the Town appropriate the following sums of money to operate the Recreation and Community Programs Department during fiscal year 2019 under the provisions of M.G.L. Chapter 44, Section 53F½:
Personal Services - $1,416,168
Expenses - $1,434,325
Subtotal-Personal Services/Expenses Debt Service - $$2,850,493
TOTAL RECREATION AND COMMUNITY PROGRAMS ENTERPRISE FUND: $2,850,493
Said sum to be funded from recreation receipts, $375,000 from retained earnings, and a transfer of $214,292 from the tax levy.

RECOMMENDATIONS
BOS: Unanimous
AC: Unanimous

VOTE of TOWN MEETING (simple majority)
YES: 142
NO: 0
ABSTAIN: 1
MOTION PASSES