State of the Town Fall Town Meeting November 14, 2011 Board of Selectmen: John Foresto, Chairman Glenn Trindade, Vice-Chairman Dennis Crowley, Clerk Richard Dunne, Member Andrew Espinosa, Member

The State of the Town Independent auditor’s report: Melanson, Heath & Company “With regard to regular stabilization and fiscal stability, Medway is in the top 10% of comparable communities.”

Free Cash & Stabilization Fund History Year Stabilization Fund % of BudgetFree Cash% of Budget , ,111, , , , (870,290)(2.30) , (867,855)(2.13) , (1,886,744)(4.52) , ,864, ,117, ,743, ,148, ,027, ,967, ,196,

FY10 Free Cash Allocation as voted at 2011 ATM ItemAmount Fund to Snow & Ice Deficit 329,000 Road and Sidewalk Repairs 407,914 Firearm Replacement 14,400 Flashing for Memorial School 22,500 Fiber Area Network 95,000 Technology Equipment 45,000 Police/Fire Communication Center Furniture 14,000 Corridor Ceiling Replacement–Burke School 25, Passenger Bus for COA 60,000 Unexpended Free Cash Balance 200,000 $1,196,814

Funds and Reserve Balances as of June 30, 2011 Stabilization Funds$3,523,152 Fiscal Stability Account$ 682,627 (Required by deficit financing legislation) Grand Total Reserves$4,205,779

Current Debt Position – FY11 AA- Positive Bond Rating (S&P) Total All Debt – $34,017,490 Enterprise Fund Debt – $7,015,650 FY12 General Fund Debt Service – $2,895,656 FY12 General Fund Debt Ratio – 7% Deficit Financing Balance - $1,000,000

FY 2011 Accomplishments CERTIFICATION AS A GREEN COMMUNITY Through the collaborative efforts of town departments and the Energy Committee. One of 74 communities in state to receive this designation. Eligible for energy efficiency and renewable energy initiative grants through the State Dept. of Energy and Environmental Affairs, Green Communities Division. Received grant award of $158,000 as a result of this designation.

FY2011 Accomplishments (continued) Launched Medway GIS program. Completed recycling center improvements. Reached 25% design for Route 109 reconstruction. Restructured debt resulting in $800,000 savings. Renovated police and fire communications center. Received federal grant to acquire firefighting simulation training trailer.

FY 2011 Accomplishments (continued) School Department Medway Public Schools named as one of the top 50 districts in state by Boston Magazine. Medway Middle School repair project approved and project has begun. Medway Middle School solar panel installation completed. Medway Middle School named Commendation School for MCAS Achievement Completed technology upgrades. Created new in-district special education programs. Increased collaboration with other districts, including shared food service director and ESL teacher. Hired new principal and special education director.

FY11 Major Capital Improvement Projects Completed Industrial Park Sewer Extension Project. Replaced Highland St water tank. Repaired/replaced Town Hall roof. Installed automated water meter reading system. Continued roadway and sidewalk improvements, including Milford, Pond, Shaw, West, and Mechanic Streets.

FY12 Major Capital Improvement Projects Begin work with FEMA to design Brentwood drainage improvements. Continue design of Rt 109 reconstruction project. Perform stormwater system improvements as mandated in MS4 permit. Continue Village Street drainage improvements. Continue Brundages Corner roadway/sidewalk/drainage improvements. Improve Village and Lovering Street sidewalks. Replace West and Main Street water mains. Continue annual roadway improvement plan.

FY 2012 Goals and Challenges Prepare FY2013 balanced budget. Continue capital investment in the Town’s infrastructure. Charles River Pollution Control District Capital Assessment.

FY 2012 & 2013 Projected Revenues Projected Revenues Adopted FY 12Projected FY 13 Property Tax $28,369,209$28,938,009 State Aid $11,239,924$11,242,130 Local Receipts $1,944,444 Operational Stabilization Transfer $235,345 Total Revenues $41,787,922$42,124,583

FY 2011 & 2012 Projected Expenditures Projected ExpendituresFY 12FY 13 Education (includes Tri-County) $24,224,056$24,827,883 General Government $2,075,066$2,125,961 Town-Wide Government $9,677,327$9,950,077 Public Services $1,510,556$1,545,027 Public Safety $2,732,197$2,755,305 Health & Human Services $289,713$298,709 Culture & Recreation $367,954$384,572 State Assessments/Monetary $911,053$811,533 Total Expenditures $41,787,922$42,699,067 Total Revenues (previous slide) $41,787,922$42,124,583 Projected Budget Gap -$574,484

FY11 Town State and Federal Grants Chapter 90 $318,237 GATRA $77,765 Route 109 Design$300,000 FEMA Assist Firefighters$168,435 Brentwood Hazard Mitigation$510,539 Others (10)$103,581 SubTOTAL $1,478,557 School, State, and Federal (17)$2,676,209 TOTAL $4,154,766

Capital Needs Summary FY Department of Public Services $ 23,431,000* Public Safety $ 56,239 Schools $ 2,780,251 Library$ 220,000 General Government $ 1,023,130 Total Projected 5-Year Capital Improvement Plan $27,510,620 *Road and sidewalk repair budget for the period - $3,750,000