2022-03-28-AC-ATM-STM-rptrev - Laserfiche WebLink

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2022 ATM,2022-1 STM APPROPRIATION COXMTTEE 21 MARCH 2022 Article 9 Establish and Continue Departmental Revolving Funds Funds Requested Funding Source Committee Recommendation See below RF Approve (8-0) This article seeks to establish FY2023 spending limits for all existing revolving funds, as shown in the table below. Generally speaking, a revolving fund allows Town Meeting to dedicate in advance a specific source of anticipated revenue from fees and charges to pay expenses for services associated with those fees and charges without the need for further appropriation. Town Meeting is required each year to vote a limit on the total amount that may be expended from each revolving fund in the ensuing fiscal year. Expenditures may not be made, nor liabilities incurred, in excess of such limit or the balance of the fund except with the approval of the Select Board and this Committee. More detailed information regarding the nature and purpose of revolving funds can be found in Appendix C of this report. The spending limit proposed for each of the Town's existing funds, as set forth in the table below, is based on a reasonable estimate of the fees and charges likely to be received, as well as of the expenditures likely to be required. A summary of the historical receipts, expenditures, and balances for each fund during FY2021 and the first half of FY2022 can be found in Appendix C of the Brown Book. No new revolving funds are proposed to be established this year. Authorized FY2022 FY2023 Program or Purpose Representative or Departmental Receipts Request Request Board School Bus Transportation School Committee School Bus Fees $ 1,150,000 $ 1,150,000 Building Rental Revolving Fund Public Facilities Dir. Building Rental Fees $ 570,000 $ 586,000 Regional Cache—Hartwell Participating $ 50,000 $ 50,000 Avenue Municipality Fees Lexington Tree Fund Gifts and Fees $ 70,000 $ 75,000 DPW Burial Containers Public Works Dir. Sales $ 50,000 $ 60,000 DPW Compost Operations Sales and Permits $ 790,000 $ 855,000 Minuteman Household Fees from Consortium $ 260,000 $ 260,000 Hazardous Waste Program Towns Senior Services Programs Human Services Dir. Program Fees and Gifts $ 75,000 $ 75,000 Residential Engineering Review Engineering Dir. Fees Paid by Developers $ 57,600 $ 57,600 Health Programs Health Director Medicare $ 45,000 $ 45,000 Reimbursements Lab Animal Permits Public Health Dir. Lab Animal Permit Fees $ 40,000 $ 40,000 Tourism/Liberty Ride Economic Liberty Ride Receipts $ 194,000 $ 104,000 Visitors Center Development Dir. Sales,Program Fees and $ 247,000 $ 260,000 Donations With the exception of the Liberty Ride (tourism was significantly affected by the pandemic),the proposed spending limits have not changed substantially from those approved last year. 24