FY18 Budget under development

The FRCOG Finance Committee will be developing the FRCOG’s FY18 budget through the months of December and January.  The budget will be presented to the full Council at the end of January and, once endorsed, sent to all member towns in early February for municipal budgeting purposes.   Early identification of issues to be addressed during the development of the FY18 budget include:

  • Expected staff retirements in FY17, 18 and 19 that will potentially result in increased retiree health insurance costs and transition funding.
  • Potential increase to health insurance costs, especially with the current ambiguity of National Health Care (Obama Care) and possible reverberating costs to all health care systems.
  • Transition to new accounting software that could result in one-time technical support or IT costs.
  • Need to diversify grant sources to be less reliant on federal funding.

As always, the need to create a budget so far in advance results in some uncertainties, perhaps more true this year, but the Finance Committee has become adept at projecting conditions and developing budgets that maintain quality services at the most affordable cost to member towns.  To learn more about the FRCOG budget, refer to the FRCOG Budget Development Workbook.