Town of Medway

1. Town of Medway State of the Town Fall Town Meeting November 14, 2011 Board of Selectmen: John Foresto, Chairman Glenn Trindade, Vice-Chairman Dennis Crowley, Clerk Richard Dunne, Member Andrew Espinosa, Member

2. The State of the Town Independent auditor’s report: Melanson, Heath & Company “With regard to regular stabilization and fiscal stability, Medway is in the top 10% of comparable communities.”

3. Free Cash & Stabilization Fund History

4. FY10 Free Cash Allocation as voted at 2011 ATM

5. Funds and ReserveBalances as of June 30, 2011 Stabilization Funds $3,523,152 Fiscal Stability Account $ 682,627 (Required by deficit financing legislation) Grand Total Reserves $4,205,779

6. Current Debt Position – FY11 • AA- Positive Bond Rating (S&P) • Total All Debt – $34,017,490 • Enterprise Fund Debt – $7,015,650 • FY12 General Fund Debt Service – $2,895,656 • FY12 General Fund Debt Ratio – 7% • Deficit Financing Balance - $1,000,000

7. FY 2011 Accomplishments CERTIFICATION AS A GREEN COMMUNITY Through the collaborative efforts of town departments and the Energy Committee. • One of 74 communities in state to receive this designation. • Eligible for energy efficiency and renewable energy initiative grants through the State Dept. of Energy and Environmental Affairs, Green Communities Division. • Received grant award of $158,000 as a result of this designation.

8. FY2011 Accomplishments(continued) • Launched Medway GIS program. • Completed recycling center improvements. • Reached 25% design for Route 109 reconstruction. • Restructured debt resulting in $800,000 savings. • Renovated police and fire communications center. • Received federal grant to acquire firefighting simulation training trailer.

9. FY 2011 Accomplishments (continued) School Department • Medway Public Schools named as one of the top 50 districts in state by Boston Magazine . • Medway Middle School repair project approved and project has begun. • Medway Middle School solar panel installation completed. • Medway Middle School named Commendation School for MCAS Achievement 2011. • Completed technology upgrades. • Created new in-district special education programs. • Increased collaboration with other districts, including shared food service director and ESL teacher. • Hired new principal and special education director.

10. FY11 Major Capital Improvement Projects • Completed Industrial Park Sewer Extension Project. • Replaced Highland St water tank. • Repaired/replaced Town Hall roof. • Installed automated water meter reading system. • Continued roadway and sidewalk improvements, including Milford, Pond, Shaw, West, and Mechanic Streets.

11. FY12 Major Capital Improvement Projects • Begin work with FEMA to design Brentwood drainage improvements. • Continue design of Rt 109 reconstruction project. • Perform stormwater system improvements as mandated in MS4 permit. • Continue Village Street drainage improvements. • Continue Brundages Corner roadway/sidewalk/drainage improvements. • Improve Village and Lovering Street sidewalks. • Replace West and Main Street water mains. • Continue annual roadway improvement plan.

12. FY 2012 Goals and Challenges • Prepare FY2013 balanced budget. • Continue capital investment in the Town’s infrastructure. • Charles River Pollution Control District Capital Assessment.

13. FY 2012 & 2013 Projected Revenues

14. FY 2011 & 2012 Projected Expenditures

15. FY11 Town State and Federal Grants Chapter 90 $318,237 GATRA $77,765 Route 109 Design $300,000 FEMA Assist Firefighters $168,435 Brentwood Hazard Mitigation $510,539 Others (10) $103,581 SubTOTAL $1,478,557 School, State, and Federal (17) $2,676,209 TOTAL $4,154,766

16. Capital Needs Summary  FY2013-2017 Department of Public Services $ 23,431,000* Public Safety $ 56,239 Schools $ 2,780,251 Library $ 220,000 General Government $ 1,023,130 Total Projected 5-Year Capital Improvement Plan$27,510,620  *Road and sidewalk repair budget for the period - $3,750,000

17. Questions and Answers