2023-03-20-CEC-ATM-rpt - Laserfiche WebLink

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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2023 ATM • The expenditure will have a useful life of 10 years or more for buildings or building components and 5 years for vehicles and equipment; and • Planning, engineering, or design services may be considered capital when such services are integral to a construction, renewal or replacement project that meets the criteria for a capital expenditure. From the Code of the Town of Lexington(§29-26): The Capital Expenditures Committee shall state whether it endorses each recommendation of the Community Preservation Committee. How to Read This Report The balance of our report is divided into four sections: • An overview of Capital projects in Lexington, • Presentation of a five-year Capital plan, • For each department and program, an overview of its purpose, spending history, any general Capital plan, references to any funding request in the FY2024 budget, and • This year's Capital-related Warrant Articles. "2023 ATM Town Warrant"refers to the respective portions of the Town of Lexington Town Warrant for that March 20, 2023, Town Meeting. "Brown Book" refers to the "Town of Lexington Fiscal Year 2024 Recommended Budget& Financing Plan", dated February 17, 2023. Where our narrative includes a "See Article _." it is referring to that Article in the last section of "Warrant-Article Explanations and Recommendations". In that section you will find that: • We have quoted the Town's documentation for each of the Articles on which we are reporting. If we believe that quote has both adequately described the proposed work and satisfactorily made the case for the Town's need, we will not reiterate either of those matters in this report. However, additional narrative is included where we feel it would be helpful for better understanding an Article or subArticle. (If in italics, it is what we believe should be included when our Committee is asked for its spoken position.) • Our Committee's recommendations and how we voted are shown only in the boxed header for each Article and, if applicable, in any sub-elements unless there are further comments on our position However, in any case where we are not unanimous in a recommendation to Town Meeting there will be comments,including from those opposed to the recommendation or both sides if a tie vote. Our oral report on Town Meeting floor will highlight elements of our written report and present any new information not available as of this writing. When we report on a Capital article on Town Meeting floor during the deliberations, a committee member will provide this Committee's recommendation and, if applicable, comments related to that recommendation. 3