The Barnstable County Board of Regional Commissioners presented a Fiscal Year 2022 budget of $20,058,391 during its regularly scheduled remote meeting on Wednesday, February 17.
The FY22 budget allocates funds from July 1,2021, to June 30, 2022. Overall, the FY22 budget is a decrease of $1,229,400 or 6.13 percent compared with the previous year.
The budget decreased due to the passing of Bill 5210 (Sheriff Retirement Liability), which removed the expense of $1,702,310 from the county. However, all other budgets increased on aggregate by a total of $472,910. Beginning in 2024, a retroactive payment will be made to the county for FY25 for previously paying these liabilities, creating another revenue source for the county.
Personnel wages saw an increase of 2 percent for cost of living and 3 percent for a salary step. Health insurance also had an increase of 6 percent, even though the board projects it will only use 3 percent.
Additionally, there were two increases related to retirement. The county will see a retirement assessment increase of $170,720 and an annual assessment of $216,453 for early retirement in 2019.
The county commissioners office, the Department of Health and Environment, and Children’s Cove also saw increases in budget due to wages and fringe benefits.
The county’s FY22 budget is based on an estimation of revenues and is contingent on monitoring these revenues monthly. For Barnstable county, the board recognized five sources of revenue: the county tax assessment, county excise tax, Registry of Deeds business revenues, departmental revenues and court rentals. The county excise tax is projected to bring in the most revenue in FY22, accounting for $10,500,00 or 52 percent of the country’s expected revenue.
Excluding the anomaly of 2021, Barnstable County’s revenues have exceeded its expenses for four straight years (from 2017 to 2020). However, in six of the previous 11 years, the county’s expenses had exceeded its revenues. From 2010 through 2016, only one year, 2013, did the revenue exceed the expenses.
There were no public comments at the beginning of the meeting.