2018 Preliminary Budget Town Board Hearing October 10, 2017 Town of Queensbury 2018 Preliminary Budget Town Board Hearing October 10, 2017

BUDGET EXPENDITURES TOWN-WIDE GENERAL OPERATIONS EMERGENCY SERVICES LIGHTING DISTRICTS WASTEWATER DISTRICTS WATER DISTRICTS OTHER DISTRICTS AQUATIC PROTECTION WASTEWATER DISPOSAL

TOWN-WIDE GENERAL OPERATIONS General Fund Appropriations 2018 $13,576,128 2017 $13,566,440 Cemetery Fund 2018 $647,950 2017 $611,200 Highway Fund 2018 $4,331,150 2017 $4,333,150 Solid Waste Fund 2018 $505,325 2017 $480,300 TOWN-WIDE GO TOTALS 2018 $19,060,553 2017 $18,991,090 Difference +$69,463 +0.366% Amount to be raised by town tax 2018 $1,950,078 Tax Rate 2018 - 0.539 2017 - 0.591 -0.0520 -8.8% Total to be Raised by Taxes 2018 $7,183,206 2017 $7,357,352 $-174,146 – -2.37% Tax Cap Compliant

TOWN OF QUEENSBURY GENERAL OPERATIONS Assessor, Accounting, Animal Control, Building & Codes Enforcement, Building & Grounds Maintenance, Cemetery, Community Development (Planning, Zoning and Enforcement), Fire Marshall, Highway Administration and Maintenance (snow plowing, Paving, etc.), Information/Technology, Parks & Recreation, Town Clerk (Licensing, Receiver of Taxes, Records Maintenance), Town Counsel, Town Court, Town Supervisor & Board, Transfer Stations (Solid Waste) YEAR HOME VALUE TOWN TAX FOR TOWN OPERATIONS 2018 $256,000 $137.98 2017 $256,000 $151.30 DECREASE $13.32

EMERGENCY SERVICES Fire 2018 $2,913,000 2017 $2,929,500 - $16,500 2018 $2,913,000 2017 $2,929,500 - $16,500 - 0.563% EMS 2018 $1,940,000 2017 $1,891,000 + $49,000 + 2.59% TOTAL FIRE & EMS 2018 $4,853,000 2017 $4,820,500 +32,500 +0.674% Total for 2018 = $4,853,000 - Revenues $1,075,350 Total to be raised by taxes: $3,777,650 Fire $2,893,600 EMS $884,050 Tax Rate Change Fire .780 to .771 -1.2% EMS .238 to .236 -0.8%

LIGHTING DISTRICTS Fort Amherst TOTAL Cleverdale Pinewood South Queensbury West Queensbury Queensbury TOTAL 2018 $143,525 2017 $143,525 Difference +$0 + 0.00%

WASTEWATER DISTRICTS Appropriations Difference Pershing-Ashley-Coolidge Reservoir Park Queensbury Consolidated Technical Park S. Queensbury/QBY. Ave. Route 9 West Queensbury Appropriations 2018 $2,227,267 2017 $2,155,222 Difference + $72,045 +3.342%

WATER DISTRICTS Queensbury Consolidated Total Appropriations Queensbury Consolidated-Exempt Shore Colony Total Appropriations 2018 $4,446,775 2017 $4,421,677 Difference +$25,098 +0.567%

OTHER DISTRICTS ENVIRONMENTAL PROTECTION/MANAGEMENT * AQUATIC PROTECTION * WASTEWATER DISPOSAL Appropriations 2018 2017 DIFF Glen Lake Benefit District $43,465 $43,595 -$130 Lake Sunnyside Benefit District $25,499 $25,500 -$1 N Qby WW Disposal District $4,480 $4,480 0

GRAND TOTALS 2018 – Appropriations $30,804,564 Difference +$198,975 2018 - Estimated non-tax revenues $18,793,449 2018 - Appropriated from Fund Balances $551,159 2018 - Amount to be raised by taxes $7,183,206 2017 - Amount to be raised by taxes $7,357,352 Difference - -$174,146 – -2.37%

$1.9 SET ASIDE FOR CAPITAL IMPROVEMENTS (Capital Assets: building, equipment and other long term assets) Intent: Do future capital projects while keeping the town’s budgeting stable and sound - without significant property tax increases and to help keep the town budget under the cap. EXAMPLES: Highway Garage Deferred Maintenance Buildings Parking Lots

WHAT DOES THE STATE REVIEW WHEN ASSESSING A TOWN’S FISCAL HEALTH? Budget Solvency Financial Indicators Environmental Indicators

WHAT DOES THE STATE REVIEW WHEN ASSESSING A TOWN’S FISCAL HEALTH? Budget Solvency Revenues v. Appropriations Cash flow Ability to deal with unforeseen events

WHAT DOES THE STATE REVIEW WHEN ASSESSING A TOWN’S FISCAL HEALTH? Financial Indicators Year-end balance Operating deficits Cash position Use of short-term debt Fixed costs

WHAT DOES THE STATE REVIEW WHEN ASSESSING A TOWN’S FISCAL HEALTH? Environmental Indicators Population changes +/- Age Median Poverty Rate/Change Property value Changes/per capita Employment base Unemployment rate Intergovernment Revenues Reliance on state & federal aid Sales tax receipts +/-

THE TOWN’S FISCAL OUTLOOK IS STRONG NYS MUNICIPAL FISCAL STRESS SCORE 0% AUDIT SaxBST No deficiencies in internal controls Compliant with all applicable accounting standards FUND BALANCE LEVELS SaxBST – the Board utilizes a conservative approach to fiscal policies and the establishment of fund balance levels

SPENDING How do we compare to other New York towns? Per-Capita Average town $875* Town of Queensbury $641 * Source: NYS Office of Sate Comptroller

PROPOSED TOWN BUDGET FOR 2018 Questions?