FINACIAL BUSINESS REQUEST
(FBR)
Subject:
title
MOTION to adopted a proposed Fiscal Year 2023/2024 Water Operations Budget in the amount $1,518,724.32.
end
Background:
Water Operations: $1,518,724.32 an decrease $11,837,17 from the Fiscal Year 2022/2023 Budget. (see attached)
Sewer Operations: $707,027.52an increase of $19,658.56 over the Fiscal Year 2022/2023 Budget. (see attached)
In accordance with Section 4 of Ordinance #400-001 "An Ordinance Establishing a Water Pollution Control Authority” the Town Council is required to approve the Water Operations budget noting the following:
The WPCA shall provide, by the fourth Monday in April, a budget of estimated revenues, expenditures and capital improvements for the ensuing fiscal year for inclusion as an appendix in the Town annual budget. The Town Council shall approve the water system budget. This shall be provided to the residents at the Annual Town Meeting on the budget.” (see attached Ordinance)
The Town Council was not required to approve the Annual Sewer Operations budget. However, past practice has been that the proposed Sewer Operations Budget has also been provided for informational purposes.
Department Comment/Recommendation:
(type text here)
Meeting Action Detail:
Town Council Meeting 03/21/2023:
File #: 23-1341 Version: 1
Type: Financial Business Request (FBR)
Title: MOTION to adopted a proposed Fiscal Year 2023/2024 Water Operations Budget in the amount $1,518,724.32.
Moved: Saums Seconded: Ryan
Action: Approved
Minute Note:
Moved by Councilor Saums, seconded by Councilor Ryan
Discussion: Councilor Saums stated in accordance with Section 4 of Ordinance #400-001 “An Ordinance Establishing a Water Pollution Control Authority” which states: “The WPCA shall provide, by the fourth Monday in April, a budget of estimated revenues, expenditures and capital improvements for the ensuing fiscal year for inclusion as an appendix in the Town annual budget. The Town Council shall approve the water system budget”. He went on to explain that although the Town Council was also interested in the proposed Sewer Operations Budget that the Town Council was only required to approve the WPCA Annual Water Operations.
Councilor Saums went on to note as the Town Council’s Liaison to the WPCA that he attended their meetings and that the WPCA proposed Fiscal Year 2023/204 Water Operations in the amount of $1,518,724.32 was a balanced budget with no increase over the Fiscal Year 2022/2023 Budget. He stated the WPCA was setting money aside for capital and infrastructure maintenance and improvements, noting that their funds were increasing along with the their customers. He stated the WPCA has done an excellent job in putting together a balanced budget and in running their Department.
Councilor Saums thanked WPCA Chairman Ed Lynch who was attending tonight’s meeting remotely.
VOTE: 7 - 0 Approved and so declared
Action: Approved
___________________________________________________________________________
Finance Committee Meeting 03/21/2023:
File #: 23-1341 Version: 1
Type: Financial Business Request (FBR)
Title: MOTION to adopted a proposed Fiscal Year 2023/2024 Water Operations Budget in the amount $1,518,724.32.
Moved: Saums Seconded: Ingalls
Action: Recommend to Approve
Minute Note:
Moved by Councilor Saums, seconded by Councilor Ingalls
Discussion: Councilor Saums stated in accordance with Section 4 of Ordinance #400-001 “An Ordinance Establishing a Water Pollution Control Authority” which states: “The WPCA shall provide, by the fourth Monday in April, a budget of estimated revenues, expenditures and capital improvements for the ensuing fiscal year for inclusion as an appendix in the Town annual budget. The Town Council shall approve the water system budget. He went on to explain that although the Town Council was also interested in the proposed Sewer Operations Budget that the Town Council was only required to approve the WPCA Annual Water Operations.
Councilor Saums went on to note as the Town Council’s Liaison to the WPCA that he attended their meetings and that the WPCA proposed Fiscal Year 2023/2024 Water Operations in the amount of $1,518,724.32 was a balanced budget with no increase over the current Fiscal Year 2022/2023 Budget. He stated the WPCA was setting money aside for capital and infrastructure maintenance and improvements, noting that their funds were increasing along with their customers. He stated the WPCA has done an excellent job in putting together a balanced budget and in running their Department, noting as an Enterprise Fund that they could not make money and they could not lose money.
VOTE: 3 - 0 Approved and so declared
Action: Recommend to Approve