Barnstable Town Manager Provides Update on Concluded Fiscal Year

July 23, 2019

Barnstable Town Manager Mark Ells

HYANNIS – All general fund and enterprise fund operations in the Town of Barnstable were within their respective budgets for the recently completed Fiscal Year 2019.

Town Manager Mark Ells presented an update on Fiscal Year 19 last week to Town Council.

The total returned appropriations for the General Fund were about $1.8 million against a budget of $169 million.

“Actual General Fund revenue exceeded budget estimates by $3.2 million,” Ells said.

The largest contributor to the surplus in revenue was Motor Vehicles Excise Taxes, which came in $945,000 over budget estimates.

Interest and penalties on the late payment of taxes were $420,000 over budget estimates.

A one-time payment of $518,000 from the Cape Cod Municipal Health Group for Medicare Part D reimbursements added to the surplus, and investment earnings exceeded budget estimates by $400,000.

All enterprise fund operations met their respective revenue estimates with the exception of Sandy Neck and the PEG Access Channel funds. Returned appropriations in both enterprise funds exceeded the revenue shortfalls resulting in a positive overall budget variance.

“So basically, they did not spend more than they earned,” Ells said. “Which is something that we are tasked with as we manage enterprise funds.”