Attached is a copy of the Public Hearing Notice to receive comment pertaining to the Fiscal Year (FY) 2021 Second through Fourth Quarter (2Q-4Q) Proposed Budget.  Given the extraordinary circumstances of the COVID-19 emergency, the Council adopted an Interim Emergency Appropriation for the First Quarter (1Q) of FY21 at $5.0 million on June 9, 2020.  The remainder of the appropriation must be approved prior to October 1, 2020 (beginning of second quarter).

The proposed budget for the balance of FY21 (October 2020 through June 2021) is $15.9 million for a Total FY21 Budget of $20.9 million.  

The proposed budget includes a change from the information provided to Council on July 28, 2020 to include an additional $97K for the Wastewater Fund’s Membrane capital project.  This reflects the acceleration of the final $174K payment to SUEZ to FY21 to achieve $77K in project savings.  As noted in the July 14th Staff Report, the Town’s contract with SUEZ to purchase new membranes for the BSWF Wastewater Treatment Plant offers savings of $77K if remaining balance is paid before December 31, 2020. 

In addition to the details included in the Public Hearing Notice, Council will also be asked to approve a budget amendment to correct the Operating Budget for the proposed transfer of $96,780 in cash reserves to support the Membrane capital project discussed above and shown on the Capital Outlay section of the attached Public Hearing Notice.