FY BUDGET SUMMARY SEPTEMBER 17, 2014 BUDGET UPDATE

AMENDED FY HIGHLIGHTS Stable operating revenue for current fiscal year FY outlook is very challenging and CRCOG staff recommends review and mitigation measures beginning in FY If current promised state COG annual funding levels of 50 cents per capita plus $125,000 remains in place the outlook is considerably more positive ($612,858 to CRCOG) Additional 1 FTE is proposed in the budget to accommodate for the staffing of the current Central Connecticut MPO (with the FHWA funding to come to CRCOG after MPO redesignation) Cost of Living Adjustment non-base at level of inflation Supplemental budget targeted for September 2014

HISTORICAL AND PROJECTED REVENUE GRANTS AND OPERATIONS COMBINED Homeland Security grants have sunset HUD and FEMA grants have only residual amounts remaining Transportation has several of large short term studies for FY 2015 Policy Development and Planning received several Brownfield Grants CRCOG and CCAT received funding for 5 statewide Demonstration Projects on the Nutmeg Network (Shared Services)

LONG-TERM OPERATIONS OUTLOOK Chart includes 2% increase in dues annually beginning in FY

LONG TERM NET INCOME Assumes usage of carry over funds in FY and almost maximum usage beginning in FY Use of carry over funds includes requirement of local match – restricting usage of local dues collected Includes 20% estimated health insurance increases and 2% increase of dues State funding of $612,858 is included in FY 2015, but only as best case beginning in FY 2016.

Stable Income for FY Mitigation measures may be necessary beginning FY Recommending non-base COLA for employees for FY WRAP-UP FY14-15 Original FY14-15 Amended Operations 2,889,140 3,950,374 Grants 3,862,212 5,599,832 Total 6,751,352 9,550,206

APPENDIX BUDGET SUMMARY

PROPOSED AMENDED BUDGET SUMMARY

BUDGET SUMMARY BY DEPT.

OPERATIONS SUMMARY

GRANTS SUMMARY