TR-86-15 ' 001 RESOLUTION NO. TR-86--15
002 A Resolution Adopting the Proposed Annual Operating, Capital
003 And Revenue Sharing Budgets for Fiscal Year 1987
1
' 004 WHEREAS, under the provisions of Chapter 44, Section 32 of the
005 Massachusetts General Laws and Section 5--1 of Article 5 of the Town
006 Charter-of the Town of Agawam, a proposed annual budget was submitted
007 on May 2, 1986; and,
008 WHEREAS, under the provisions of Section 5-2 (a) of Article 5 of
009 the Town Charter, a public hearing on the proposed budget was held on
010 June 2, 1986, notice thereof having been published in one issue of The
011 Agawam Advertiser/News, a newspaper published and of general circulation
012 in the Town more than fourteen days before such hearing; and,
013 WHEREAS, all necessary changes have been made as to revenue
014 estimates and appropriation items,
i015 NOW. THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL
016 OF THE TOWN OF AGAWAM, MASSACHUSETTS:
' 017 1. That pursuant to the provisions of Article 5 of the Town Charter
018 of the Town of Agawam, the budget for the fiscal year beginning July 1,
019 1986, a copy of which is hereto attached and made part of this resolution
020 as fully as if set forth verbatim herein, is hereby adopted, and the
021 several sums therein set forth -to be raised by the levy of a tax upon
022 all taxable property within the corporate limits of the Town of Agawam,
' 023 Massachusetts, all other funds and receipts are hereby appropriated for
024 the several purposes therein stated. .
025 2. There is hereby appropriated in the Line Item - Contributory
026 Retirement Account an appropriation to the credit of the Hampden County
027 Retirement Board to satisfy the Town of Agawam`s share of the Pension and
028 Expense Credit Funds.
' 029 3. Consideration has been given for anticipated receipt of funds
030 from the Commonwealth of Massachusetts for street reconstruction purposes
' 031 as set forth in the Highway portion of the budget attached hereto.
032 4. There is hereby appropriated all Federal Revenue Sharing Trust
1 033 Funds as set forth in schedule attached hereto.
034 5. In addition to any specific appropriation, all money received
035 to the credit of any revolving fund now or heretofore created is hereby
036 appropriated for the purposes indicated in said revolving or working
-037 capital fund.
038 6. There is hereby appropriated all money received from the
039 Commonwealth of Massachusetts, the United States, as-well as from any
. 040 grants or donations received for public purposes.
041 7. There is hereby appropriated all money received from the
042 interest income on short term investments including the interest earned
043 on funds in interest-bearing bank accounts.
t044 _ 8. Consideration has been given to carry-forward the Salary
045 Reserve Appropriation to satisfy those Union Contracts not completed
046 at close of the fiscal year.
' 047 9. To allow the Assessor to use up to $880,000 of "Free Cash" to
048 stabilize the tax rate for the fiscal year July 1, 1986 through June 30,
049 1987.
050 10. There is hereby adopted a Capital Improvement Program for
051 fiscal years July 1, 1986 through June 30, 1991.
052 11. The FY87 Town of .Agawam operating Budget is hereby adopted
053 as follows: Town operating Budget - Personnel Services -- $5,870,809;
054 Supplies - $601,810; Other Services and Charges - $2,685,205; Capital
055 Outlay - $281,334; Line Items - $4,874,427; for a total of $14,313,585;
056 and the School Operating Budget - Operating Expense - $9,942,828; Out of
' 057 State Travel - $2,000; for a grand total of $24,258,413. Accept the Water
058 Budget -- Personnel Services - $275,428; Supplies - $118,131; Other
059 Services and Charges - $833,195; Capital Outlay - $55,250; for a total
060 of $1,282,004,
061 12. There is hereby levied upon all taxable property within the
062 corporate limits of the Town of Agawam, Massachusetts upon each dollar
063 assessed value thereof, taxes in the amount to be determined.
064 DATED THIS 10th DAY OF Jane , 1986.
065 Andrew C.Gallano,,AD"resident
066 Agawam Town Council
r" r}
067 i
as to F rm and Legality
068 Ralph Atkins, Town Solicitor
069 Approved Town Accountant
070 Staff Review Completed
071 Executive Assistant to the Town Manager
Revised: June 9,1986
flan
Adopted: June 20, 1986