Appropriations for Fiscal Year Reserves
The CPA requires that at least 30% of CPA revenues be expended, or reserved annually, for open space, historical purposes, and community housing, 10% for each of these three categories. The remaining 70% of CPA funds may be expended as (i) additional funds within those categories, (ii) for CPC administrative expenses, and (iii) for certain allowed recreational purposes. Up to 5% of total CPA revenues annually may be reserved for payment of administrative expenses of the CPC, with any unexpended balance in each year returned to the CPA general fund.

In order to ensure that the CPC meets these mandatory funding requirements and complies with the Community Preservation Act, the Committee appropriates the minimum required reserve amounts as part of its annual appropriation, and then expends the funds from those reserves. This method ensures that in the event any particular funding recommendation in a required category does not pass at Town Meeting, the Town and the CPC are still in compliance with the funding requirements under the CPA. The appropriations for reserves for these purposes are below.

FY 2012 Reserves
The appropriations for reserves from Fiscal 2012 Estimated Revenues are computed as follows.
(The following figures do not add up.)
Estimated 2012 CPC Surcharge – Scituate $1,000,000
Estimated State Matching Funds $250,000
Total Estimated revenue – Fiscal 2012 $1,250,000
   
Appropriation to Reserves from FY 2012 Revenues:
Open Space $125,000
Historical $125,000
Community Housing $125,000
CPC Administrative Expenses $62,500
FY 2011 Reserves
The appropriations for reserves from Fiscal 2011 Estimated Revenues are computed as follows.
(The following figures do not add up.)
Estimated 2011 CPC Surcharge – Scituate $1,000,000
Estimated State Matching Funds $280,000
Total Estimated revenue – Fiscal 2011 $1,280,000
   
Appropriation to Reserves from FY 2011 Revenues:
Open Space $128,000
Historical $128,000
Community Housing $128,000
CPC Administrative Expenses $64,000
FY 2010 Reserves
The appropriations for reserves from Fiscal 2010 Estimated Revenues are computed as follows.
(The following figures do not add up.)
Total Estimated revenue – Fiscal 2010 $1,200,000
   
Appropriation to Reserves from FY 2010 Revenues:
Open Space $120,000
Historical $120,000
Community Housing $120,000
CPC Administrative Expenses $60,000