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APPROPRIATION COMMITTEE <br /> REPORT TO OCTOBER 20 SPECIAL TOWN MEETING <br /> ARTICLE 2: REMODELING/RECONSTRUCTION OF TOWN SCHOOLS <br /> OVERVIEW: "INCREMENT/My <br /> ANNUAL APPROPRIATION" APPROACH(CONTINUED) <br /> Q: WHAT LEVEL 0>!ANNUAL FUNDING LS <br /> NECESSARY TO ACHIEVE SCHOOL COMMITTEE'S CAPITAL PROGRAM GOALS? <br /> IASSUMPTION: To MEETING MUST "5 <br /> APPROPRIATE AT LEAST$5 MILLION EVERY YEAR FOR THE FO r;. <br /> SABLE�,' <br /> Q: rivo <br /> WHAT IS BASISTHIS AS <br /> FOR ASSUMPTION? <br /> • DEPRECIATION AS BENCHMARK FOR ANNUAL FUNDING OF BUILDING RENEWAL <br /> ' <br /> —BUILDING REPLAN VALUES: $136,923,000 ,1;; :°_!, < <br /> —AMORTIZATION PERIOD: 40 YEARS ;•' <br /> —ANNUAL AMORTIZATION: $3,423,000 <br /> • ENROLLMENT INCREASES, ' : ,-` •''�. <br /> PROGRAM TECHNOLOGY, SITE IMPROVEMENTS PLAYING <br /> REQUIRE ADDITIONAL F , <br /> • SCHOOL COMIVIITIEE'S PRE (,WARY FIVE-YEAR PLAN(FY 1999 TO FY 2003) <br /> —RANGES FROM$6.2 MILLION IN FY 2000 TO$2.9 MILLION IN FY 2002 <br /> —AVERAGES$4,814,000 PER YEAR <br /> Note: See the following page for details of this preliminary plan. <br /> Appropriation Committee Report Page 7 of 13 <br /> October 13, 1997 <br />