Town of North Reading
Sources and Proposed Uses of Funds
2005 Fall Town Meeting
Purpose
Free Cash
Other Funds
Borrow
Article 1- Town Reports
Article 2-Police Station
TBD
Article 3-Zoning Petition
Article 4-FY 06 Budget*
$343,900
$327,310
$0
Article 5-Unpaid Bill
$       140
$0
$0
Article 6-Snow Deficit
$320,878
$  8,332
$0
Article 7-Retirements
$110,000
$0
$0
Article 8-Street Sweeper
$0
$0
$0
Article 9-Capital Budget
$0
$ 78,740
$572,000
Article 10-Stabilization
$300,000
$0
$0
Article 11-Hillview
$0
$0
$750,000
Article 12-EA Revolving
Article 13- Charter
Article 14-Easement
Article 15-Cobblers
Article 16-Furbish
Article 17-Deer Run
Article 18-Deerfield
$1,074,918
$414,382
$1,332,000

*FY 2006 Operating Budget Transfer- Details

Free Cash
To Reserve Fund-
$300,000
To School Teacher Position-
$43,900
$343,900

Other Funds
To General Fund-
$22,493
(from Solid Waste)
To Vocational Assessment
$14,5743
(from Additional State Aid)
To Debt Issuance
$41,196
(from Bond Premiums)
To Debt Pay Down
$21,004
(from Septic Loan Reserve)
To Water/Legal
$105,000
(from Water Revenue)
To Water Debt   
$93,301
(from Water Revenue)
To Hillview Debt
$29,742
(from Hillview Revenue or Reserve)
$327,310