REVENUE SUMMARY: FY 96 - 98

 

	ACTUAL RECEIPTS FY96	ESTIMATED RECEIPTS FY97	PROJECTED RECEIPTS FY98
RECEIPTS:
Motor Vehicle Excise	2,822,329	2,412,841	2,552,000
Transfer from Water Enterprise Fund	632,319	493,246	493,246
Transfer from Sewer Enterprise Fund	688,986	469,146	469,146
Trash Disposal Charges	504,672	525,000	657,835
Recreation	239,092	244,000	250,000
Licenses & Permits	505,491	490,000	500,000
Special Assessments	9,925	4,600	5,000
Fines & Forfeits	138,839	130,000	130,000
Investment Income	590,319	463,000	484,000
Hotel Tax	245,383	150,000	170,000
Transfer from Glover Ent. Fund	658,311	622,418	479,600
Other Receipts	37,000	0	37,000
MBTA Commuter Parking	122,504	110,000	115,000
Penalties and Interest	250,063	150,000	150,000
In Lieu of Taxes	89,600	89,000	90,000
Charges for Services	297,669	250,000	278,040
Fees	187,749	130,000	175,000
Library Charges	48,773	35,000	40,000
Rentals	28,330	26,000	26,000
Other - FEMA Reimb.	38,681	0	0
SUB-TOTAL	8,099,035	6,793,891	7,071,867
REVENUE:
Real & Personal Property Tax Levy	39,090,159	41,492,045	42,844,346
State Aid	4,904,937	5,230,165	5,591,780
SUB-TOTAL	43,995,096	46,722,210	48,436,126
RESERVES:
Undesignated Fund Balance (Free Cash)	1,455,000	2,038,000	2,301,407
Reserved for Appropriation - Parking	55,000	55,000	55,000
Overlay Surplus	0	0	39,000
Reserved for Appropriation - Landfill	35,000	70,000	70,000
SUB-TOTAL	1,545,000	2,163,000	2,465,407
TOTAL REVENUE	53,639,131	55,679,101	57,973,400
LESS -- REDUCTIONS IN REVENUE:
Overlay (reserve for abatements)	675,000	700,000	700,000
Cherry Sheet Offsets	444,584	440,504	440,504
Cherry Sheet Assessments	993,186	1,020,607	1,080,000
Snow Deficit	0	110,700	0
School Building Reimbursements	1,064,959	1,022,769	1,022,769
Overlay Deficits	545,798	730,592	25,700
SUB-TOTAL	3,723,527	4,025,172	3,268,973
AVAILABLE FOR APPROPRIATION:	49,960,380	51,653,929	54,704,427
OTHER RESERVES APPROPRIATED	250,000	250,000	0
TOTAL	50,165,604	51,903,929	54,704,427