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APPROPRIATION COMMITTEE-2017 ATM
<br /> The use of funds from the Excess & Deficiency (E&D) account, similar in function to "Free Cash", has
<br /> dropped $225,000. This large variation is due to the prior year's contribution from the E&D account being at
<br /> an eight-year high point.
<br /> Projected Minuteman Assessment—Based on unapproved House-1 budget bili
<br /> Enrollment Basis Assessment Components
<br /> FY17 FY18 FY17 FY18
<br /> State-Required Minimum 46 50 $673,939 $745,380
<br /> Regular Day Students 47.8* 48* $521,822 $714,940
<br /> Capital 47.8* 48* $174,938 $206,656
<br /> Post-Graduate Programs 2 1 $6,750 $3,375
<br /> TOTAL ASSESSMENT $1,377,449 $1,670,351
<br /> Annual% increase (decrease) 17.46% 21.26%
<br /> *average enrollment over prior 4 years
<br /> A breakdown of the full assessment is shown above. While Lexington's FY2017 enrollment(as of October 1,
<br /> 2016) was 54 full-time regular students in grades 9-12 (an increase in enrollment of 4.5 regular day students)
<br /> the assessments are based on the average enrollment over the prior 4 years of 48 students. Using the average
<br /> number of enrolled students, the per-student operating costs are $30,423 (+22%), with a per-student capital
<br /> assessment of$4,305 (+18%). The preliminary FY2018 assessment for Lexington is $292,902 (21.26%) high-
<br /> er than the FY2017 assessment.
<br /> As of press-time changes are still being made to both projected revenues and budgeted expenses. It is likely
<br /> that Lexington's assessment will be changed prior to being presented to Town Meeting.
<br /> Funds Requested Funding Source
<br /> Program 2000: Shared Expenses
<br /> $53,970,128 See Motion
<br /> The Shared Expenses section of the budget includes items that do not appear directly in the budget lines of
<br /> either the Lexington Public Schools or the municipal departments most often because the allocation of por-
<br /> tions of the expenses to different departments is difficult or for administrative convenience. The section com-
<br /> prises the four different pieces listed below together with respective budget totals:
<br /> FY2017 FY2018 $ cyo
<br /> Restated Recommended Change Change
<br /> Benefits &Insurance $33,609,476 $35,514,536 $1,905,060 5.7%
<br /> Debt Service' $7,199,028 $7,152,605 -$46,423 -0.6%
<br /> Reserve Fund $900,000 $900,000 $0 0%
<br /> Public Facilities $10,002,416 $10,402,987 $400,571 4.0%
<br /> Total $51,710,920 $53,970,128 $2,259,208 4.4%
<br /> Note 1: The Debt Service amounts in the table above do not include those needed for service of exempt debt, because
<br /> exempt debt service does not need to be appropriated by Town Meeting. For a total picture of Non-exempt and Exempt
<br /> debt service budgets,please see the Debt Service section below.
<br /> The recommended total Shared Expenses budget for FY2018 is $53,970,128, which represents $2,259,208 or
<br /> a 4.4%increase over the FY2017 Restated Budget.
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