Article 15

ARTICLE 15

(Appropriation:  Fiscal Year 2022 Enterprise Funds Operations)

To see what sums the Town will vote to appropriate, and also to raise, borrow pursuant to any applicable statute, or transfer from available funds, for the operation of the Enterprise Funds of the Town of Nantucket for Fiscal Year 2022, out of anticipated revenues of the designated funds, for the purposes set forth above; provided that any amounts to be raised and appropriated to support the operation of Our Island Home for Fiscal Year 2022 shall be contingent on the passage of a Proposition 2 and ½ override ballot question; or to take any other action related thereto.

 

(Select Board for the Various Departments Indicated)

FINANCE COMMITTEE MOTION:  Moved that the following Fiscal Year 2022 operating budgets be approved for the Enterprise Funds, with the Airport appropriation to be expended through the Nantucket Airport Commission; with the Nantucket Water Department Enterprise Fund to be expended through the Nantucket Board of Water Commissioners; the remaining appropriations to be spent through the Select Board; provided that the $5,000,000 to be raised on the Fiscal Year 2022 tax levy to support Our Island Home, shall be contingent on the passage of a Proposition 2½ override:

 

FUND

FY2022 PAYROLL

FY2022 EXPENSES

FY2022 TOTAL BUDGET

FY2021 BUDGET

Airport

3,464,699

4,456,001

7,920,700

5,930,300

Our Island Home

6,869,870

1,919,980

8,789,850

8,767,818

Sewer

2,435,404

7,302,556

9,737,960

9,370,408

Solid Waste

280,344

10,684,849

10,965,193

11,288,235

Nantucket Water Department

2,170,779

4,605,872

6,776,651

6,555,371

Total

15,221,096

28,969,258

44,190,354

41,912,132

 

Further, that the above appropriations be funded as follows:

 

FUND

FUNDING SOURCE

AMOUNT

Airport

FY2022 Anticipated Revenue

7,670,700

Airport

Retained Earnings - Passenger Facility Charge

250,000

Our Island Home

FY2022 Anticipated Revenue

3,789,850

Our Island Home

FY2022 Tax Levy and Other General Revenues

5,000,000

Sewer

FY2022 Anticipated Revenue

9,020,408

Sewer

Retained Earnings

717,552

Solid Waste

FY2022 Anticipated Revenue

3,530,000

Solid Waste

FY2022 Tax Levy and Other General Revenues

6,502,995

Solid Waste

Retained Earnings

932,198

Nantucket Water Department

FY2022 Anticipated Revenue

6,473,038

Nantucket Water Department

Retained Earnings

303,613

 

FINANCE COMMITTEE COMMENT:  The Finance Committee supports the Proposition 2½ override to cover the revenue shortfall at Our Island Home. Voters should note that the proposed appropriation of $5,000,000 for Our Island Home is unique in three respects:

 

1) it explicitly funds Our Island Home from the Town’s General Fund Budget, 

 

2) it requires additional voter approval at the June 15, 2021 election and, 

 

3) if the override succeeds, the Town’s ability to raise revenue is permanent.