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°` IIIA w III IIIA IIIA VIII':': TOWN MANAGER ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Personnel FY2018 FY2019 Budget Full Time 7 81 The FY2019 budget process continued the collaborative IPart Time 1 1 effort among; the Board of Selectmen, School Committee, Appropriation and Capital Expenditures Committees, and municipal staff.Four budget suninut sessions resulted in con.- ROLE: As the Chief Executive Officer of the Town, es.- senses on a balanced budget for Town Meeting consideration tablislied in the Selectmen-Town Manager Act, the Town that addressed many pressing needs and a Proposition 2 1/2, Manager administers the policies and procedures of the debt exclusion vote on December 4, 2017 for capital proj.- Board of Selectmen, enforces bylaws and actions passed by ects for the Maria Hastings Elementary School, Lexington Town Meeting, proposes the operating and capital budgets Children's Place, and Eexington Fire Station. The FY2019 and manages the daily operation of'all Town departments. he General Fund budget totals $220,404,826, an increase of Town Manager's Office also includes the Ilurnan Resources $8,039,20.1 or 3.79% over the FY20.18 adopted budget. Chart Office. I shows the breakdown of the expenditures by use. APPOINTED by the Board of Selectmen, Carl Valente has For several years, the Town has been preparing for several served as Town Manager from July 2005 to August 2018. capital debt exclusion projects focused primarily on public James Malloy was appointed by the Board of Selectmen to safety and school improvements. To support these projects, serve as Town Manager and started October .1,2018. the Board of Selectmen recommended and Town Meeting ad.. opted the creation of a Capital Projects Stabilization Fund. In *7he Public kij6rmalioti Officer position was developed arid added to slaff iti FY2019. anticipation of these potential projects,the 2018 Annual Town Meeting appropriated $3,415,331 into the Capital Projects Form of Government Stabilization Fund, This reserve fund now has a balance of approximately $28.6 million. Table .1 shows the amounts The current Town Manager/Selectmen/Town Meeting form voted into and out of'that fund since FY2015. The amounts of government dates back to a 1969 Act of the State legis.- appropriated for Property Tax Relief and Other School and lature based on a plan developed by the Town Structure of Municipal Capital Projects help to alleviate the tax burden on Government Committee. Lexington had previously operated residents. under a Selectmen/Executive Secretary plan. The Selectmen/ Town Meeting also appropriated $1,842,895 (Article 24) Town Manager Act brought major realignment of responsi.- into the Other Post-Ernployrnem.Benefits(OPER)Trust Fund bilities including changes in methods of appointment, closer to help fund the liability for retiree health care costs.The bal.- supervision of administrative functions,and centralized con.- ante as of July.1,2018 in the OPER trust fund is$14,318,358. trol of purchasing. (continued on ncxI page) C l 3 [A u U8 269 M1112 3 ,, 1U:1 iyiyiypi111 ➢iJ 301 ,. 6,849 t `8 9 34 4 011111111 11)fir.111 su", "3.y 11''J, N p it Misc TOWN OF LEXINGTON 2018 ANNUAL REPORT E5 I