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E
<br /> TOWN MANAGER (continued)
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<br /> Free Cash as of'July 1, 2017 was certified at $13,062,051,
<br /> which was appropriated to support the FY2018 capital and
<br /> operating budgets and to finance a portion of'the contribution
<br /> to the Capital Projects Stabilization Fund. Table 2 shows the
<br /> four-year history of'the certification and uses of'Free Cash.
<br /> (continued on next page)
<br /> MEN=
<br /> I,=Efi I MEMEMEMMMEM
<br /> FY2015 FY2016 FY2017 FY2018 FY2019
<br /> Beginning Balance $3,990,704 $8,048,466 $16,725,947 $23,203,209 $28,597,933
<br /> Amount into Capital Projects
<br /> Stabilization Fund $5,910,726 $9,447,832 $6,991,205 $7,690,398 $3,415,331
<br /> Revised Balance $9,901,430 $17,496,299 $23,717,152 $30,893,607 $32,013,264
<br /> Exempt Debt Service Tax Relief $(950,000) $(215,000) $0 $(2,400,000) $(4,500,000)
<br /> Cither School and Municipal
<br /> Capital Projects $(919,000) $(620,567) ($710,000) $(324,500) $(573,500)
<br /> Interest Income $16,036 $65,216 $196,058 $428,826 $540,000 (est)
<br /> Closing Balance $8,048,466 $16,725,947 $23,203,209 $28,597,933 $27,479,764
<br /> ll IIIll lillilMillI II IMI
<br /> I 111 0IOEM=
<br /> FY Certified FY2014 FY2015 FY2016 FY2017
<br /> Amount Certified $12,808,202 $11,475,187 $14,087,869 $13,062,051
<br /> FY Appropriated FY2016 FY2017 FY2018 FY2019
<br /> In support of operating budget $4,236,920 $3,918,300 $3,800,000 $3,740,000
<br /> Cash Capital $2,119,000 $2,500,000 $3,350,000 $4,050,245
<br /> Capital Stabilization Fund $6,405,035 $3,100,000 $5,000,000 $502,085
<br /> Retire (Note for Land
<br /> Purchases - Debt Service $3,050,000
<br /> Set-Aside for Unanticipated
<br /> Current FY (Needs $200,000 $200,000 $200,000 $200,000
<br /> Cither Post-Employment
<br /> Benefits(OPER)' $3,247 $312,318 $1,079,721 $1,079,721
<br /> Getting to (Net Zero $40,000 $40,000
<br /> Total Appropriated Free Cash $12,764,202 $10,070,618 $10,287,869 $6,312,051
<br /> Unallocated $618,148 $440,000
<br /> 1.) The 011EBfiniding above does not reflect lax levy support of$1,196,753 in FY2016, $1,200,000 in FY2017, and$750,000 in FY2018 and
<br /> FY2019.]a additioa, the Water&Seiver Eaterprisefuads coatributed$13,174 to OPE73 ire FY2018 aad FY2019.
<br /> EKITOWN OF LEXINGTON 2018 ANNUAL REPORT
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