1. FY18 PROPOSED OLD ORCHARD BEACH MUNICIPAL BUDGET

2. COMBINED TAX RATE INCREASE OF 3
COMBINED TAX RATE INCREASE OF 3.1%, WITHIN COUNCIL GUIDANCE, BASED ON THESE ASSUMPTIONS:
The Council adopts a municipal budget that remains within the budget recommendations of the Town Manager,
On the education side the adopted RSU budget is consistent with the budget estimate provided by the School Superintendent,
The adopted York County budget is consistent with the budget recommendation provided by the County Administrator.
The Town’s property valuation increases by at least $7.1 million (5 tenths of a percent). This is a conservative projection.

3. OPERATING BUDGET
CAPITAL BUDGET
NON-PROPERTY TAX REVENUES

4. OPERATING BUDGET FY17: $14,846,255 FY18: $15,632,508 Up $786,253
5.3% increase

5. BUDGET DRIVERS EXPENDITURES

6. CATEGORY AMOUNT % INC or DEC Wages $245,000 4
CATEGORY AMOUNT % INC or DEC Wages $245, % Debt Service $233,000 16% Benefits/Health/Retirement $62, % Legal Services $60,000 66% Solid Waste $38, % Fire Hydrants $21, % Dispatch services $11, % Wastewater disposal fees ($15,000) -12% Election expenses ($14,650) -38.8% TOTAL BUDGET DRIVERS $641,450

7. CAPITAL BUDGET FY17: $1,153,836 FY18: $1,298,200 Increase $144,364

8. Category Manager’s Proposed $
Buildings $605,000
Vehicles/Equip $197,700
Road Imprvment $300,500
Strmwatr/Sewer $195,000

9. NON-PROPERTY TAX REVENUES & Transfers
$5,146,500
UP $282,500
Up 5.81%
Proposed revenue increase decreases tax rate by 0.24 cents

10. BUDGET DRIVERS REVENUES & TRANSFERS

11. Homestead Exemption $131,000 64% Building Permits $65,000 56%
 CATEGORY CHANGE % INC
Homestead Exemption $131, % 
Building Permits $65, %
Business Licenses $60, %
Parking Fines $30, %
Parking Meters/Permit Fee $25, %
Excise Tax $25, %
Investment Income $25, %
TOTAL REVENUE DRIVERS $361,000
OTHER SIGNIFICANT REVENUE FACTORS
Transfer of Bond Proceeds ($100,000) -33.3%

12. MUNICIPAL COMMITMENT FY17: $11,136,091 FY18: $11,784,208 Up $648,117
5.8% increase

13. Preliminary Combined Tax Levy
FY 17 Budget
FY 18 Proposed Budget
$ change +/-
% change +/-
Town
11,134,244
11,784,208
649,964
5.84%
School
11,871,521
12,227,667
356,146
3.00%
County
933,204
957,300
24,096
2.58%
Overlay
200,000
50,000
(150,000)
(75.00%)
Total
24,138,969
25,019,175
880,206
3.65%
*Taxable Valuation
1,562,897,690
1,570,000,000
7,102,310
0.45%
Mill Rate
15.46
15.94
.48
3.1%

14. EFFECT ON HOMEOWNER $200,000 Home $400,000 Home
Town Increase $ 56 $111
School Increase $ 38 $ 76
County Increase $ 2 $ 5
Total Increase $ 96 $192
Less Additional $5,000
Homestead Exemption ($-80) ($-80)
Projected Inc/Dec $16 $112

15. FY17 PROPOSED OLD ORCHARD BEACH MUNICIPAL BUDGET