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AC–2015ATM PPROPRIATIONOMMITTEE FundsFundingCommittee Article 18: Appropriate for Public RequestedSourceRecommendation Facilities Capital Projects Approve (9-0) $2,731,885See below exc.18(e)IP The request under Article 18(e) was a duplicate of Article 2 in the March 2015 Special Town Meeting #1, and will be indefinitely postponed. Financial details of the request are summarized below. For a discussion of the items in this request, please see the Report of the Capital Expenditures Committee. FundsCommittee Project DescriptionFunding Source RequestedRecommendation (a)Middle School Space Mining$674,000GF (Debt)Approve (9-0) (b)Clarke Middle School Circulation and Parking $363,000GF (Debt)Approve (9-0) Improvements, Design (c)Lexington High School Phase 2 Overcrowding/ $90,200GF (Debt)Approve (9-0) Completion (d) Public Facilities –Major Mechanical/Electrical $463,000GF (Debt)Approve (9-0) Systems’ Replacement (e)LPSEducational Capacity IncreaseNoneN/AIP (f)LHS Heating Systems Upgrade–Phases 2 & 3– $150,000GF (Debt)Approve (9-0) Design (g)School Building Envelope and Systems$210,000Free CashApprove (9-0) (h)Municipal Building Envelope and Systems$182,760GF (Cash)Approve (9-0) (i) Extraordinary Repairs/Replacements/Upgrades$335,425GF (Free Cash)Approve (9-0) (j)School Paving Program$150,000GF (Free Cash)Approve (9-0) (k)Public Facilities Bid Documents$75,000GF (Free Cash)Approve (9-0) (l)Security Cameras Upgrade$38,500GF (Free Cash)Approve (9-0) The Committee anticipates action on 18(e) will be indefinitely postponed. The Committee recommends approval of 18(a,b,c,d,f,g,h,i,j,k,l) (9-0). FundsFundingCommittee Article 21: Appropriate to Post RequestedSourceRecommendation Employment Insurance Liability Approve (9-0) Fund $1,862,194GF $1,200,000 The Post Employment Insurance Liability (PEIL) Fund holds funds dedicated to health care benefits for retirees. These benefits are also known as Other Post Employment Benefits (OPEB). For a detailed dis- cussion of OPEB and related issues, please see Appendix F. Based on the actuarial report, Other Post-Retirement Employee Benefits Analysis For Fiscal Year July 1, 2012 – June 30, 2013, dated February 21, 2014, the “Unfunded Actuarially Accrued Liability” for OPEB was approximately $87 million as of June 30, 2013, and the “Normal Cost” for FY2014 was approximate- ly $1.7 million. These amounts were derived assuming a 7.75% rate of return on investments, the same rate currently used for the Town’s pension trust fund. 32