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12/04/13 Minutes The PEG Access Fund has available funds to cover the $40,000 needed to pull the fiber through the conduit and cover the necessary police details; however, Town Meeting voted a$450,000 ceiling on FY2014 expenditures from the PEG access fundthat was based onthe LexMedia contract. The ceiling can be increasedif the AppropriationCommittee and Board of Selectmen vote to do so. There was a motion and second to approve raising the spending ceiling on the PEG Access Fund by $40,000 to accommodate this expenditure. The motion passed. VOTE: 7-0 Reserve Fund Transfer for Patriots Day Safety and Security Measures: 4.To address heightened concernsabout security and safety during 2014 Patriots Day activitiesfollowing last year’s Marathon bombing, a request for additional funds has been made by the Police Department ($20,000) and bythe Department of Public Works($22,000).A transfer from the Reserve Fund, whichhas not yet been tapped in FY2014 and has a current balance of $900,000, can cover these expenses. It was noted that noReserve Fund transfers were made in FY2013. Mr. Addelson will get answers to the following questions: Will the added safety and security measures be in place all three days ofPatriots Day activities? What is the current Police and DPW budget for Patriots Day activities? Willtherebea similar need for additional security at other Town eventssuch as the Memorial Dayparade? There was a motion and second to approve the transfer of $42,000 from the Reserve Fund to cover the costs of additional safety and security measures during Patriots Day activities. VOTE: 7-0 Errata for theCommittee’s Report to the November 2013 Special Town Meeting: 5. Mr. Parker distributed a memorandum identifyingfive correctionshe proposes to make to the Committee’s reportto the November 2013 Special Town Meeting.There were questions about the process for making and circulating such correctionsand whether the corrected reportwould needto be acceptedby Town Meeting.Mr. Parker will get more information before pursuing this. FY2015 Budget Projections and Recommendations for the next Budget Summit: 6. This Committee discussed the approximately $1.9 million in unallocated funds for FY 2015that was recentlyreported at a budget summitas open for discussion. A variety of potential uses were identified and various opinions were shared but there was no consensus. Mr. Addelson discussed the disposition of reserves contained in the Health Insurance Trust Fund that are no longer needed due to the Town’s participation in the GIC.There will be a report with various scenarios. One proposal is to use $1.0 million (out of $6.0-7.0 million) to helpfund the FY2015 Health Insurancebudget, thus reducing amount required from the General Fundby $1.0 million. Themoney freed up could then be applied toward the Town’s OPEBliability. 2