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TDVVNOFLEX|NGTDN � 7
<br /> Town ��
<br /> anaffinn �� i������(,',""
<br /> The Town is preparing for ooveod capital debt exclusion Projects Stabilization Fund. This z000zvo fund now has a
<br /> projects focused primarily oopublic safety and school im- balance ofapproximately$31.4million.Table 1 shows the
<br /> proveooeota. Tb support these projects, the 8oxoJ of Se- amounts voted into and out ofthat fund since IY3014.The
<br /> }ectooeo recommended and Town Meeting adopted the amounts appropriated for Property Tax Relief and Other
<br /> creation ofxCapital Projects Stabilization Fund. Ioan- School and Municipal Capital Projects help toalleviate the
<br /> ticipxti000fthese potential projects, the IY%01DAnnual tax burden ooresidents.
<br /> Town Meeting appropriated $7,690,398 into the Capital
<br /> Table 1:Activity 0fCapital Project Stabilization Fund
<br /> Beginning Balance $1,601,836 $3,990,704 $8,048,466 $16,725,947 $23,203,209
<br /> Amount into Capital Projects Stabilization Fund $3,983,240 $5,910,726 $9,447,832 $6,991,205 $7,690,398
<br /> Revised Balance $5,585,076 $9,901,430 $17,496,299 $23,717,152 $30,893,607
<br /> Other School and Municipal Capital Projects $0 $(919,000) $(620,567) ($710,000) (324,500)
<br /> rinterest Income $5,628 $16,036 $65,216 $196,058 $150,000 lest)
<br /> Closing Balance $3,990,704 $8,048,466 $16,725,947 $23,203,209 $28,319,107 lest)
<br /> Town Meeting also appropriated $1,D42,D95 (Article 21) Free Cash aoofJuly 1,2016was certified ut $14,087,869,
<br /> into the Other Post-Employment Benefits (OPEB)Trust which was appropriated to support the FY2018 capital and
<br /> Fund tohelp fund the liability for retiree health care costs. operating budgets and tofinance aportion ofthe cootzi-
<br /> Z6o balance as of July 1,2017 in the {}I,EB trust bzod is b«doo to the Capital Projects Stabilization Fund.Table 2
<br /> $11,669,874. obonro the four-year history ofthe certification and uses of
<br /> Free Cash.
<br /> Table 2: Uses 0fFree Cash
<br /> Amount Certified $10,303,125 $12,808,202 $11,475,187 $14,087,869
<br /> Capital Stabilization Fund $3,161,309 $6,405,035 $3,100,000 $5,000,000
<br /> In support of operating budget $4,100,000 $4,236,920 $3,918,300 $3,800,000
<br /> Cash Capital $2,000,000 $2,119,000 $2,500,000 $3,350,000
<br /> Set-Aside for Unanticipated Current FY Needs $200,000 $200,000 $200,000 $200,000
<br /> Other Post-Employment Benefits(OPEB)l $119,000 $3,247 $312,318 $1,079,721
<br /> Reserve for Federal/State Budget Reductions $400,000
<br /> Getting to Net Zero $40,000 $40,000
<br /> 39 Marrett Road Improvements Phase 1 $322,816
<br /> Total Appropriated Free Cash $10,303,125 $12,764,202 $10,070,618 $10,287,869
<br /> Unallocated $618,148
<br /> The {}I,EBfunding above does not reflect tax levy support of$1,000,000ioFY3015,$1,196,753ioIY3016,$1,200,000
<br /> ioIY%017,and $750,000ioF/201D.Ioaddition,the Water&cSewer Enterprise funds contributed $13,174to ()PE8io
<br /> FY%01D.
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