Monday, April 28, 2008

Analysis of BOE Bottom Line

$59,115,622 Original BOE request

(1,750,000) Mayor’s reduction from requested increase

(1,170,411) Town Council’s reduction from requested increase

$56,195,211 Sent by Council to BOF

750,000 Added back by BOF
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$56,945,211 The amount going to the voters at a Referendum



$59,115,622 Original BOE request

(56,945,211) The amount going to the voters at a Referendum
----------------
$ 2,170,411 Net reduction in original BOE request

(657,522) Amount saved by changing from fully insured to self-insured

( 60,000) Retirement savings

(222,694) Reduction in cost of liability insurance

(512,889) Amount to be taken from Capital Reserve Fund
----------------
$ 717,306 Net impact on original BOE request

(430,000) Further savings if BOE decides to postpone implementation of Strategic Plan as recommended by Mayor
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$ 287,306 TOTAL reduction of BOE Budget

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