2003-03-24 to 2003-04-30 ATM-min

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2003 Annual Town Meeting—March 24, 2003 cont... ARTICLE 4: OPERATING BUDGET 9:11 p.m. Board of Selectman Chairman Leo McSweeney, moved: MOTION: That the following amounts be appropriated for the ensuing fiscal year and be raised in the tax levy except where a transfer is indicated they shall be provided by such a transfer: Moderator Margery Battin read individual line items, as follows: Education 1100 Lexington Public Schools $65,379,454 (Provided, however, that $2,592,000 of the appropriation is contingent upon the approval of an override question appearing on the ballot for the Spring 2003 special election.) (And further that the School Department is authorized to enter into equipment lease/purchase agreements from time to time provided that each such agreement is subject to annual appropriations.) 9:12 p.m. School Committee Chairman Scott Burson requested the Moderator recognize Superintendent Joanne Benton for an overview of the FY04 school department budget. Mrs. Benton reviewed requested funding. (line item to be discussed as last item in Article 4) 1200 Minuteman Regional School 840,431 Minuteman Regional School District Assessment based on a Minuteman Regional School District budget of$15,443,465 as reduced by estimated fiscal 2004 state aid relating to such budget. Employee Benefits 2110 Contributory Retirement 2,994,000 (Of which $65,762 is to be transferred from the Water Enterprise Fund and $16,441 is to be transferred from the Sewer Enterprise Fund.) 2120 Non-Contributory Retirement 123,000 2130-2150 Insurance 4,406,510 (Of which $91,388 is to be transferred from the Water Enterprise Fund, $52,888 is to be transferred from the Sewer Enterprise Fund and $22,000 is to be transferred from the Recreation Enterprise Fund.) (and further that amounts appropriated in this article for employee health and life insurance shall be transferred to this account to fund cost items (a) included in collective bargaining agreements reached between the Town and employee organizations and (b) resulting from such agreements as they bear on the Town employee compensation plan.) (Provided, however, that the total appropriation shall be increased by$431,224 for unemployment compensation insurance should the override fail.) Debt Service 2210 Payment on Funded Debt 3,253,000 (Of which $15,000 is to be transferred from receipts reserved for appropriation.) 2220 Interest on Funded Debt 547,957 2230 Temporary Borrowing 275,000 2240 Exempt Debt 4,289,338 (Of which $100,000 is to be transferred from the Recreation Enterprise Fund.) Operating Articles 2310 Reserve Fund 150,000 2320 Municipal Salary Adjustments 185,810 (Such sum of$185,810 is appropriated to fund cost items as they bear on the Town employee wage and salary plan. The amount voted is to be distributed among personal services accounts as authorized by the Board of Selectmen.) (Of which $2,029 is to be transferred from the Water Enterprise Fund and $1,791 is to be transferred from the Sewer Enterprise Fund.) Organizational Expenses 2410 Municipal Services & Expenses Personal Services 43,576 2410 Municipal Services & Expenses 97,400