Town of Fletcher

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• Town of Fletcher
• 2012 Budget Review
• 2013 Budget Proposal

March 5, 2013
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2012 How Did We Do?

• Budget Actual

Total Revenue 879,556 1,277,287 45 Total
Expenses 879,556 950,637 8 An Apparent
SURPLUS of 326,650
Yes, we landed a windfall in 2012 but it had
already largely been spent on the flood of May,
2011
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Unanticipated Revenue Funded Infrastructure
Improvementsand Made a Level Tax Rate Possible
2012 2012 Revenue Expenses
Budgeted 879,556 879,556 Unanticipated
Revenue FEMA Reimbursement 51,000 In
addition to expenses incurred in 2011 Current
Use from State 18,000 Above the 77K
budgeted 69,000 Additional Discretionary
Expenses Added to Class II Road Rebuilding
Paving 50,000 Added to Overall Gravel
Budget 10,000 Unanticipated Revenue
Allocated 60,000
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After Removing the Extraordinary Items,We Ran a
Deficit in 2012
2012 2012 Budget Actual
Total Revenue 879,556 1,277,287 FEMA (413,374
) Total Ordinary Revenue 863,913 1.8
below-budget Total Expenses 879,556
950,637 Class II Roads, Gravel (60,000) Total
Ordinary Expenses 890,637 1.3 above-budget
Spending Deficit 26,724
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2013 Budget ProposalNo Prior-Year Surplus to
Offset Property Taxes
2012 2013 Budget Budget
879,556 898,345 2.1 Funding Reqd from
Property Taxes 643,578 636,242 - 1.1 Prior-Year
Surplus Applied (27,000) 0 Property Taxes to be
Collected 616,578 636,242 3.2
Municipal Tax Rate/100 0.5513 0.5703
Every 1 of the municipal tax rate raises
11,156 On a 200,000 home, this would mean an
additional 38 in taxes
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Largest Budgeted Changes in Expenses
Budget to Budget 2013 vs. 2012
General Garage Expenses 6,800
9 (Diesel Fuel, Heat) Assessments
Contributions 6,726 13 (Fairfax
Rescue) Employee Payroll Benefits 5,397
2 (Workers Comp Insurance) Class III Roads
4,950 4 (Gravel, Culverts, Chloride) Equipmen
t 2,128 1 (Parts, Maintenance,
Consumables)