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APPROPRIATION COMMITTEE-ATM 2017
<br /> Debt Service
<br /> The Debt Service amount included in the Shared Expenses budget does not include the amount needed for
<br /> service of exempt debt,because exempt debt service does not need to be appropriated by Town Meeting.
<br /> The table below of Within-Levy and Exempt Debt Service budgets summarizes the total Debt Service costs.
<br /> Category FY2017 FY2018 $ cyo
<br /> Appropriation Recommended Change Change
<br /> Within-Levy Debt Service(a) $7,199,028 $7,152,605 -$46,423 -0.6%
<br /> Use of Capital Stabilization Fund(b) -$710,000 -$324,500 $385,500 -54.3%
<br /> Net Within-Levy Debt Service (a)+(b) $6,489,028 $6,828,105 $339,077 5.2%
<br /> Exempt Debt Service (c) $8,330,185 $11,657,637 $3,327,452 39.9%
<br /> Use of Capital Stabilization Fund(d) $0 -$2 400 000 - ---
<br /> $2,400,000
<br /> Net Exempt Debt Service (c)+(d) $8,330,185 $9,257,637 $927,452 11.1%
<br /> Within-Levy&Exempt Debt Service(a)+(c) $15,529,213 $18,810,242 $3,281,029 21.1%
<br /> For FY2018, the total exempt debt service budget is $11,657,637, which is a $3,327,452 or 39.9% increase
<br /> over the amount for FY2017. In FY2017, there was no transfer from the Capital Project Stabilization Fund;
<br /> for FY2018, the proposal is to use $2,400,000 from the Capital Project Stabilization Fund to mitigate the im-
<br /> pact of excluded debt service on property tax bills.
<br /> Reserve Fund
<br /> The Reserve Fund is intended for extraordinary and unforeseen expenses. Transfers out of the Fund are done
<br /> with the approval of the Appropriation Committee.
<br /> The FY2018 funding request for the Reserve Fund is $900,000, which represents level funding since FY2014.
<br /> Unused amounts at the end of the year flow to Free Cash.
<br /> The current balance in the Reserve Fund is $882,885.
<br /> Public Facilities
<br /> The Department of Public Facilities manages the operation and maintenance of Lexington's municipal and
<br /> school buildings. The Department supports the operation of the Community Center, supports the School Mas-
<br /> ter Planning process, manages recurring maintenance for roof, building envelope and HVAC for municipal
<br /> and school buildings, and implements other priority projects. The FY2018 projected total Public Facilities
<br /> operating budget is $10,402,987,which represents a$400,574 or 4% increase over FY2017.
<br /> Funds Requested Funding
<br /> Programs 3000-8000: Municipal Source
<br /> $35,375,058 See Motion
<br /> The municipal budget comprises all line items from 3000 to 8999. Adoption of the recommended municipal
<br /> budget would result in an overall increase from FY2017 to FY2018 of$772,556 or 2.23%. The increase is
<br /> limited because Town management has tightly controlled the approval of program improvement requests
<br /> (PIRs) during budget development and recommended $573,150 of a total of$1,091,837 requested by the de-
<br /> partments. Appendix A of the Brown Book (Fiscal Year 2018 Recommended Budget) contains a list of the
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