Steve Felton / Chairman

Mark Scarano / Vice Chairman

Susan MacLeod / Secretary

Anne Abear

Jeanette Stewart

The CIP CommitteeThe CIP Committee

To prepare and recommend a 10 year plan on anticipated capital project needs and costs to help the governing bodies and budget committee as well as the town residents to better plan for anticipated future capital costs.

Purpose of the Capital Purpose of the Capital Improvement ProgramImprovement Program

3

Ashland CIP Update Ashland CIP Update 2013 2013

What has been accomplished?

What will be the next steps?

Why we need to plan for the future?

Expertise and input of Department Heads

Depreciation tables of all town assets

Master Plan direction and needs

Templates and information other municipalities have used to prepare their CIP plans

Data on past and estimated future operating budget needs to create a picture of potential future budget costs

Tools to UseTools to Use

Meet with each of the governing bodies of the town to include Select Board, School, Utility Commissioners and Library Trustees to discuss purpose and process

Have the Department Heads prepare a 10 year capital project needs list to include reason, priority, estimated cost, year of need, and supporting information

What is the Process ?What is the Process ?

Work with each Department Head to refine and expand information submitted

Review other tools mentioned to construct a 10 year spreadsheet of estimated capital costs

Prepare recommendations by year for the Budget Committee and governing boards

What is the Process ?What is the Process ?

Develop previous 10 year trend and future 10 year estimate of operating budgets to create a clear picture of future needs, their estimated costs, and anticipated cost to taxpayers.

Create a financial picture that includes operating budgets, capital needs budgets, and factoring in state, county, federal, and education costs to allow for better long term planning

What is the Process ?What is the Process ?

Town

School

Sewer

Water

Electric

Total

10 year Capital Project 10 year Capital Project CostsCosts

$5,559,810

$312,400

$3,107,500

$797,000

$575,387

$10,352,097

See 2014 Handout

Review 2014 Review 2014 Recommendations Recommendations

Impact on property tax burden Growing assessed value of town Thinking “out of the box” for solutions Pursuing regional cooperation Potential long term bond needs for water

and sewer Creating an action plan for pursuing grants Leveraging our financial situation,

demographics and size for additional state and federal funds

Issues to ConsiderIssues to Consider

Input additional information needed

Create worksheet with history of expenses

Create estimated revenue projections

Create estimated operating expense projections

Present additional information to governing bodies and public

Next StepsNext Steps

To maintain/create a financial vision for Ashland

To maintain financial stability

To save for known expenses

To help stabilize tax rates

To be prepared for changes in state, county or federal funding

Planning for the FuturePlanning for the Future