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AC–2015ATM PPROPRIATIONOMMITTEE FundsFunding Committee Article 29: Appropriate for Prior RequestedSourceRecommendation Years’ Unpaid Bills Pending UnknownUnknown As of publication, the Committee was not aware of any unpaid bills from prior years. This Committee will report further when the Article is taken up. The Committee has taken no position on this request. FundsFunding Committee Article 30: Amend FY2015 RequestedSourceRecommendation Operating, Enterprise and CPA Budgets Pending UnknownUnknown A recommendation from the Town Manager, Town staff, and the Board of Selectmen regarding actions, if any, under this Article is not expected to be available until after the Annual Town Meeting commences. Consideration of this Article, which is included in every Annual Town Meeting Warrant, is normally de- ferred until the end of town meeting to allow Town staff to coordinate the final adjustments to the prior year’s budget into a single motion. This Committee will report further when the Article is taken up. Retire $1,000,000 of debt for Cary Memorial Building Renovations Under Article 2 of the March 2014 Special Town Meeting, $8,677,400 was appropriated to fund renova- tions to the Cary Memorial Building. Of this amount, $8,241,350 was requested in CPA funding to be financed through the issuance of debt. A Bond Anticipation Note (BAN) in the amount of $3,286,000 was issued in June 2014. The BAN came due in February 2015, at which time a bond of $6,569,000 was is- sued comprised of two components: the conversion of $2,286,000 from the June 2014 BAN to long-term debt ($1,000,000 less than the original amount), and new financing of the project in the amount of $4,283,000. In February 2015, the residual $1,000,000 of the June 2014 note was refinanced as a BAN with a term of 4 months. When this note comes due, it is proposed that it be retired with cash from the CPA fund. This change requires an amendment to the FY2015 CPA budget. This Committee will report further when the Article is taken up. The Committee has taken no position on this request. FundsFunding Committee Article 31: Appropriate for RequestedSourceRecommendation Authorized Capital Improvements Pending UnknownUnknown As of publication, no action was planned under this Article. A related appropriation will be requested un- der Article 6 of the March 2015 Special Town Meeting #2. This Committee will report further when the Article is taken up. The Committee has taken no position on this request. 37