|
APPROPRIATION COMMITTEE 4th REPORT, April 28, 2007, TO 2007 ATM
<br />Warrant Article Analysis and Recommendations
<br />Article 21:
<br />
<br />Appropriate Funds Re uested
<br />q Funding
<br />Source Committee
<br />Recommendation
<br />FY2008 Operating $68,295,983 Multiple Pending
<br />Bud et
<br />8 (Line 1100-
<br /> Lexin ton Public
<br />g
<br /> Schools)
<br /> 03,187,045
<br /> contingent on an
<br /> override)
<br /> $19,869,487 Multiple $19,869,487
<br /> (Line 2130- ($794,544 contingent on
<br /> Shared Expenses, an override) (7-0)
<br /> Employee Benefits,
<br /> Health Insurance)
<br /> ($794,544
<br /> contingent on an
<br /> override)
<br />Project Description Amount
<br />Requested Funding
<br />Source Committee Recommends
<br /> X68,295,983
<br />(a) Lexington Public 03,187,045 GF Pendin
<br />g
<br />•
<br />Schools-LTne 1100 contingent on
<br /> an override)
<br />~TTMMARV
<br />The FY2008 school operating budget request is for $68,295,983, including $3,187,045 contingent upon
<br />successful passage of an override. The school operating budget includes salaries, wages, and expenses.
<br />Health benefits for school employees are carried in Shared Expenses. The total operating override needed
<br />by the schools is $3,981,589, made up of the contingent $3,187,045 in the school operating budget
<br />(line item 1100) and another $794,544 carried in line item 2130, Shared Expenses-health benefits. The
<br />FY2008 health insurance costs for school employees as estimated by the Town Manager are shown in the
<br />following table:
<br /> FY2008 % FY2008 with % Increase
<br /> FY2007 without an Increase an overrride FY07 - 08
<br /> overrride FY07 - 08
<br />School Operating $63,419 500 $65 108 938 2.66%
<br />$68,295,983
<br />7.69 /o
<br />°
<br />Budget
<br />Health Insurance $ 8,688,000 $ 8,807,943 1.38% $ 9,602,487 10.53%
<br />Total $72,107,500 $73,916,881 2.51% $77,898,470 8.03%
<br />Page 5 of 13
<br />
|