Wed, Dec 28, 2011 07:20 AM
2011 General Fund and Golf Budget Reports:
Interim Town Manager presented the revised budget proposal, which
incorporates all the Board's changes to date. The current proposal,
which funds all of the town's operating expenses, annual golf
course debt, and Irene recovery costs, has a shortfall of
approximately $160,000. At the next meeting, the Board will
address options on funding the shortfall, which include utilizing
the rolling general fund balance, raising taxes, or implementing
further operating cuts.
Employee Health Care Benefits:
The Board voted to have employees pay 25% of their deductibles and
for the opt-out provision to be equal to half of the cost of the
The Board reviewed the 2012 budget proposal, which is designed to
drive growth while being fiscally prudent. Following Brown
recommendations, it makes new investments in marketing and
institutes operational cuts to keep total expenses low. The
budget also requires year round golf employees to pay a much larger
share of their health care costs (100% of the deductible), which is
a rate that is in-line with the golf industry. Finally, the plan
includes funds for upcoming capital expenses, which will need to
increase in upcoming years. The Board revised reporting aspects of
the budget and discussed plans for employee compensation.
Mel Adams, flood recovery and special projects manager, presented
actual expenses to date as well as projections for total recovery
spending, which is estimated to be approximately $2.3MM. He also
reviewed estimated reimbursement rates from FEMA and other revenue
sources including paving, gravel and culvert capital funds.
Unknown variables that will affect cost, which have been accounted
for as much as possible, are the ANR/VTrans requirements for large
culvert replacements in the spring. The Board reviewed the
details of the plans and discussed contingency plans if FEMA
revenue projections are low.
Copies of all of the current budget proposals can be found on the
The office will be closed for the New Years Holiday on
Next meetings are scheduled for Tuesdays, Jan. 10 and 17.
These Highlights are based on my observations of Select Board
meetings. The Select Board Highlights are intended to be a
short summary of Select Board meetings to help communicate matters
pending before the Select Board in a timely way. The Select Board
Highlights are not comprehensive minutes, and are not reviewed or
endorsed by the Board before they are distributed.