2012-02-15-AC-min-summit 5 - Laserfiche WebLink

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Summit Meeting — February 15, 2012 contract; Human Services expenses, due to a revised Lexpress contract; and Town Manager's personnel services, due to salary and benefits expenses of bringing an existing half time administrative support person for Human Resources to full time in order to provide support for administering the GIC transition. Mr. Valente also reported that the municipal share of the reduction in the Minuteman School assessment (preliminary assessment) is $106,678. This leaves a total Municipal expenses surplus of $128,248. Mr. Valente also presented adjustments to the General Fund Debt. There were changes in four items: Street Betterment Improvements, Fire Pumper, School Department Classroom Furniture, and Visitor Center Upgrade. Mr. Valente also noted that the debt exclusion for Bridge, Bowman and Estabrook Schools was successful so the money being held for the Design & Engineering (D &E) process is now being moved from general fund debt to excluded debt. After all of the adjustments, there was a total reduction in general fund debt service of $32,093. Mr. Levine, Appropriation Committee, noted that the Town Budget is in reasonable shape, the construction environment is good and interest rates are low. He urged the group to take advantage of this environment and think about prioritizing other capital projects to push forward. Ms. Mauger commented that she will take this to mean that both finance committees will support the $65,000 request the Selectmen have endorsed for a municipal capital planning process that is in this budget book and will be coming before Town Meeting. Schedule for FY13 Recommended Budget (Brown Book) Mr. Valente presented the next steps and schedule as follows: 1. Selectmen continue /conclude FY13 Budget deliberations 2. February 27, 2012: Selectmen vote the FY13 Recommended Budget and Financing Plan (Brown Book) 3. March 2, 2012: FY13 Recommended Budget and Financing Plan to Appropriation Committee, Capital Expenditures Committee and Town Meeting Members 4. Continue to respond to questions from Appropriation Committee and Capital Expenditures Committee 5. March 26, 2012: Town Meeting begins 6. April 2, 2012: FY 12 Budget presentation Documents Presented Proposed Changes to FY 2013 Operating and Capital Budgets Upon motion duly made and seconded, it was voted 5 -0 to adjourn at 8:20 p.m. A true record; Attest: Diana B. Chabot Assistant to the Executive Clerk