|
Lexington Home Page
|
Help
|
About
|
Browse
Search
2017-03-21-AC-ATM-rpt
Breadcrumb Navigation:
TownOfLexington-Public
>
WEB PUBLISHED-PUBLIC DOCUMENTS
>
MINUTES-REPORTS-COMMITTEES ARCHIVE
>
Appropriation Committee-AC
>
Minutes
>
2010-2019
>
2017
>
2017-03-21-AC-ATM-rpt
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/2/2022 3:29:32 PM
Creation date
3/23/2017 10:02:03 AM
Metadata
Fields
Template:
Archives
Year
2017
Department
Town Clerk
Keywords or Subject
Minutes - AC - Appropriation Committee
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
73
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
APPROPRIATION COMMITTEE - 2017 ATM <br />Preface <br />This Preface describes the structure and stylistic conventions used in this report. It is followed by an Introduc- <br />tion discussing changes in the Town's financial status since the previous Annual Town Meeting, along with <br />issues pertinent to the Town's general financial situation. The main body of this report contains article -by- <br />article discussions and recommendations on those articles that, in our opinion, have substantial financial rele- <br />vance. The report references several appendices at the end of this document that provide a deeper explanation <br />of particular financial issues. <br />The discussion for each article presents the prevailing view of the Committee, as well as any other considera- <br />tions or cautions that we feel Town Meeting should be informed of. If one or more Committee members are <br />strongly opposed to the majority position, we summarize the opposing perspective. Each article discussion <br />concludes with the most recent vote of the Committee prior to publication. The vote is summarized by the <br />number of members in favor, followed by the number of members opposed, and lastly (when applicable) the <br />number of members abstaining, e.g. "(6 -2 -1)" indicates six members in favor, two opposed, and one abstain- <br />ing. It is not always possible to collect a complete vote for every article from nine voting members. In such <br />instances, the total number of votes and abstentions published will be less than nine. For convenience, Com- <br />mittee votes are also summarized on the preceding pages. <br />This report does not replicate information readily available to Town Meeting members elsewhere. Key docu- <br />ments that inform our analysis and provide a more thorough picture of the Town finances are: <br />• The Town Manager's Fiscal Year 2018 Recommended Budget & Financing Plan, dated <br />February 27, 2017, commonly known as the ``Brown Book ", fully describes the annual budget of the <br />Town. The Brown Book also summarizes budget laws and bylaws (Appendix B) and includes a glos- <br />sary of financial terms (Appendix D). http: / /www. l exi ngtonma.gov/budget <br />• The School Committee's Fiscal Year 2018 School Committee Recommended Budget (the "Gray <br />Book ") dated January 31, 2017, which details the budget plans for the Lexington Public School Sys - <br />tem.http: / /1ps.1 exi nntonma.orn /Pane /7718 <br />• Capital Expenditures Committee (CEC) Report to the 2017 Annual Town Meeting, which provides a <br />detailed report on appropriation requests for capital projects. http: / /www.1 exi ngtonma.gov/town- <br />meeti no/fi 1 es/cec-report-2017-atm-and-stm-1 <br />• Community Preservation Committee (CPC) Report to the 2017 Annual Town Meeting. <br />Acknowied2ements <br />The content of this report, except where otherwise noted, was researched, written and edited by Committee <br />members who volunteer their time and expertise, and with the support of Town staff. We have the pleasure <br />and the privilege of working with Town Manager Carl Valente; Assistant Town Manager for Finance Carolyn <br />Kosnoff; our Budget Officer Jennifer Hewitt; the Capital Expenditures Committee; the Community Preserva- <br />tion Committee; the School Committee; the Permanent Building Committee; the Planning Board; Superinten- <br />dent of Schools, Dr. Mary Czajkowski; Director of Finance and Operations Ian Dailey; and the Board of Se- <br />lectmen. We thank the municipal and school staff, Town officials, boards and volunteers who have contribut- <br />ed time and expertise to help us prepare this report. Last but not least, we thank Sara Arnold, who records and <br />prepares the minutes for our meetings. <br />Dedication <br />The Committee dedicates this report to Robert N. Addelson, who served as Assistant Town Manager for Fi- <br />nance and as an ex officio as a member of this Committee for over a decade, from 2006 through his retirement <br />in January 2017. With his comprehensive knowledge and mastery of the inner workings of municipal finance; <br />his indefatigable work ethic; his wise and prudent management of the Town's finances; and his patient, cordi- <br />al and collegial manner, Rob greatly facilitated the work of this Committee and brought distinction to the <br />Town. <br />1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.