2024 Budget Question and Answers
1 - Can we get a detailed explanation with regards to the $10.2 million in non-tax revenue for 2024 that makes up about 50% of the total budget revenues? What are the sources of the total amount?
The Preliminary Budget, which was posted to the website on September 19th (PDF Document Link), details every revenue line in each fund.
2 - Where will the forecasted $739k revenue increase in non-tax income compared to 2023 likely come from?
Most of the increase in revenue is anticipated in our share of sales tax distribution which was increased by $580,000 over the 2023 budget. This increase is based on a 3-year average and in consideration of anticipated economic conditions. The balance of the increase is estimated in interest earnings and departmental income.
3 - How much money does that town currently have available (not earmarked) in fund balances, ARPA funds, grants, and other accounts?
As noted, the Town has several projects identified to be funded from General Fund Balance, ARPA, and NYS grants. At the end of 2022, within the General Fund Balance $2.2 million was unassigned. Of that, $237,092 has been appropriated via Board resolutions to the 2023 budget throughout the year for equipment. Of the $3,825,732 in State & Local Fiscal Recovery Funds distributed under the American Rescue Plan Act (ARPA), there is $559,000 that the Town Board has not earmarked yet. As the projects previously identified, including the infrastructure at the Shadow Pines property, have yet to be publicly bid, the Board is waiting to target additional projects. The Town has been awarded grants in the past year to aid in funding several important projects including: the remediation of Allens Creek, $250,000, the installation of pickleball courts, $350,000; the construction of the Columbus Crossing restroom, $205,650; and new sidewalk installation in the Willow Pond neighborhood, $65,000. All of these grants are reimbursement-based grants so the funds are received when the projects are completed.
4 - Having a capital projects list and sharing a priority based on needs would be of interest to our community. There is a finite number of resources and knowing what is being considered and how it would be paid for should be part of the communications to our Penfield neighbors. Can we get this list and some sense of priority and timing?
We have a continuously evolving Capital Improvement Plan (CIP) that is reviewed and updated periodically as community priorities and needs change. This document is a guide for long-range planning and capital investment with estimated timeframes, costs, and potential funding source(s). (PDF Document LINK)