Attachment to Letter Teeboom to BoA 6 June 2023
FY 2023 Spending Cap Calculation**
The FY2023 Proposed Annual Budget is $6.58 million above the cap
** The Nashua Spending Cap is a cap on spending (Nashua Charter par. 56-c and 56-d). It is calculated
from itemized estimated expenditures for each department under its control (Nashua Charter par. 56b),
and make up taxes and fees for the city. These expenditures do not, and never have, included grants
which are not under control of city departments, but are exclusively under control of federal and state
grantors. The Nashua Spending Cap passed city-wide referendum in 1993 and Is authorized under NH
state law RSA 49-B:13, Ila (amended effective August 2021).
FY022 FY023 increase %
Annual Budget Appropriations
General Fund $ 291,026,961 | $ 302,998,903 $ 11,971,942 4.11%
Enterprise funds $ 38,344,285|$ 44,082,704]$ 5,738,419 14.97%
City Special Revenue Funds (no grants) | $ 12,860,120] $ 15,001,467 | $ 2,141,347 16.65%
Schoo! Special Revenue Funds (no grants} $ 5,710,193} $ 6,492,105 | $ 781,912 13.69%
Subtotal [| $ 347,941,559) $ 368,575,179 | $ 20,633,620 5.93%
Supplemental Aporopropriations
General Fund $ 2,338,394 —
Enterprise funds $ 1,859,440 —
(no "capltal projects" funds)
Subtotal $ 4,197,834 a
Total Appropriations} $ 352,139,393 | $ 368,575,179 | $ 16,435,786 4.67%
Spending Cap Calculation
FY022 Annual Budget Appropropriations $ 347,941,559
FY022 Supplemental! Appropriations $ 4,197,834 The FY2023 Budget is
FY2022 Toal Appropriations $ 352,139,393 96.58 the cas
Last 3-year average S&L IPD 2.80%
Allowable increase in spending $ 9,859,903
Allowable spending under the cap $ 361,999,296
proposed appropriatiuons in FY23 $ 368,575,179 |<
Total appropriations ABOVE the cap $ 6,575,883
