FY2018 Recommended Budget

anticipated cash flow needs, and effectively utilizing excess fund balance to further these projects. The forecasted fund balance at the end of Fiscal Year 2018 based on this scenario remains near the top range of the fund balance policy at 55%, based on 100% execution of the proposed budget.

A fund balance appropriation of $210,000 in the Stormwater Enterprise Fund is recommended towards the MAFC stream restoration project. This fund balance appropriation does not affect the General Fund.

FUTURE OUTLOOK

The Fiscal Year 2018 operating budget proposal has been developed with attention to addressing operational needs that maintain and advance the vital functions the Town offers every day. Care and attention to existing assets and services dominate the budget requests, while retaining an acute focus on major projects and key one-time initiatives and priorities. As we continue to take steps toward completing many significant projects, attention to our core services remains important.

The Town of Morrisville continues to grow and prosper. The concentration on our highest priority – roads and transportation – is evident in the budget proposal and the work we do. The foresight evidenced in the planning and deliberation of a future downtown illustrates the long-range vision of the leaders of the Town. The commitment to using resources efficiently and effectively remains integral to each budget request.

Our brand, our reputation, our commitment to high ideals, and our duty to service remain the hallmarks of building connections to and within our community .

Morrisville. Live Connected. Live Well.

ACKNOWLEDGEMENT

No Town Manager can take sole credit for the extensive careful and deliberate planning that goes into the preparation of the annual operating budget. While each town employee’s role is different, the collaborative efforts to work within existing resources and identify ways to enhance our productivity for future years is a cornerstone of the Fiscal Year 2018 budget proposal. I thank all Town staff for their role in the daily accomplishments and pride in their work. I value and appreciate Town Council’s guidance and support as we address short-term needs while dedicating a significant amount of our work to the vision of our community for the future. Our accomplishments during Fiscal Year 2017 and ability to activate and advance many important projects demonstrates the power of collaborative efforts between Town Council and staff. I thank them for their confidence in our recommendations and support as we address both challenges and opportunities. Each year, we strive to improve our processes that enhance our ability to develop and execute the operating budget. This year, enhanced reporting tools facilitated development of refined project scope and cost estimates. Not only will these efforts enable us to track key work items better, they will also provide improved and timely information to Town Council and the community. As we continue our strategic planning efforts, these combined approaches will continue to improve our service and delivery to all.

24