| SUPERVISORS NOTES, BUDGET 2008 | ||||||||||||||||
| PAGE 2 | Again, Independent Audit and Accounting is going to cost much more than this year, due to the amount of FEMA/SEMO funds that are expected to be | |||||||||||||||
| reimbursed. The balance should be recovered from administrative costs added to the FEMA reimbursement. | ||||||||||||||||
| The Assessor's new salary has been agreed upon by the Town of Hamden Board and the Walton Town Board personnel committee. | ||||||||||||||||
| PAGE 3 | Elections are now technically run by Delaware County. Since all the mechanics of the payments have not been figured out, we should continue to budget this item. | |||||||||||||||
| PAGE 4 | The Highway Superintendent has requested $100,000.00 for a new building on State Route 10. $10,000.00 has been included in this budget to appropriate | |||||||||||||||
| towards that building. This money can be encumbered until the Highway Committee makes a final decision on how to proceed and it is agreed on by the Town Board. | ||||||||||||||||
| PAGE 5 | Notice that nothing has been budgeted for the Highway Building Bond. This has been paid off and should feel good that the town is almost debt-free! (FEMA) | |||||||||||||||
| PAGE 6 | Most revenues will stay the same. There have been some small increases. Larger increases in state aid and mortgage tax are warranted due to increased receipts. | |||||||||||||||
| It was hopeful that we would be able to increase the expected revenue for the cell tower rent. Since it is unclear at this time, we'll have to wait until next year. | ||||||||||||||||
| PAGE 7 | Money has been added to the Planning and Zoning Contractual amounts to give a small stipend to those members. With increased travel costs, and new training | |||||||||||||||
| requirements by NYS, a stipend of $100.00 per year for each member is well within reason. | ||||||||||||||||
| Have not received any communication from the Village in regards to an increase in the Parks and Recreation budget. | ||||||||||||||||
| PAGE 9 | There have been some changes made to the Highway Superintendents budget requests. At this time we should try and pay for a portion of the bridge project out | |||||||||||||||
| of the H (DB) fund and then move a portion of the project from the DA fund to help offset the cost. This will allow for the budget not to spike this year for one project. | ||||||||||||||||
| The balance of cuts made to the Equipment line could be made up with the Equipment Reserve with Highway Committee/Town Board approval, if needed at year-end. | ||||||||||||||||
| PAGE 10 | The Walton Fire District is now fueling at a different location. Therefore, the revenue for Svcs to other Gov'ts is no longer appropriate in the DA and DB funds. | |||||||||||||||
| PAGE 11 | This year Appropriations and Revenues are on the same page. The Highway Superintendent checked with NYSDOT to make sure that the unused CHIPS money | |||||||||||||||
| could be used next year due to the flood work occurring in 2007. This is the reason for the increased appropriation and revenue for CHIPS. | ||||||||||||||||
| There have been some minor cuts to the request to keep the tax levy stable. If the Board wishes to restore cuts, more funds should be appropriated from | ||||||||||||||||
| the DB fund balance. | ||||||||||||||||
| Misc. | Raises were decided upon by the Town Board personnel committee. This was done with a survey of other towns salaried amounts to be fair and not over or under pay | |||||||||||||||
| our employees. This brings the Town even with other towns our size without over-taxing the property owners. Highway raises are per contract. | ||||||||||||||||
| There have been increased amounts budgeted from the fund balances. Our fund balances are very healthy, and shouldn't scaled down a little. Therefore, it would be | ||||||||||||||||
| best to use a little extra of these surpluses this year to bring the fund balances down to a better percentage of the tax levy. | ||||||||||||||||