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APPROPRIATION COMMITTEE—2019 ATM
<br /> average enrollment over the prior 4 years of 52.25 students. Using the average number of enrolled students,
<br /> the per-student operating costs are $35,365 (+6.7%), and the per-student capital costs are $11,838 (+23%).
<br /> The preliminary FY2020 assessment for Lexington,which is increasing by$343,914,is 16.17%higher than
<br /> the FY2019 assessment.
<br /> As of publication, changes are still being made to both projected revenues and budgeted expenses. It is
<br /> likely that Lexington's assessment will be adjusted prior to being presented to Town Meeting.
<br /> Shared Expenses
<br /> The Shared Expenses section of the budget includes items that do not appear directly in the budget lines of
<br /> either the Lexington Public Schools or the municipal departments, most often because the allocation of
<br /> portions of the expenses to different departments is difficult, or on account of administrative convenience.
<br /> Shared Expenses are comprised of the six line items listed below.
<br /> Program 2000 FY2019 FY2020 % of $ Change % Change
<br /> Shared Expenses Appropriated Recommended Shared Exp.
<br /> 2100 Benefits $35,548,859 $36,512,823 60.3% $963,964 2.7%
<br /> 2200 Property&Liability $1,019,839 $1,132,304 1.9% $112,465 11.0%
<br /> Insurance
<br /> 2310 Solar Producer $410,000 $410,000 0.7% $0 0/o°
<br /> Payments
<br /> 2400 Debt Service $10,896,432 $9,853,984 16.3% ($1,042,448) (9.6%)
<br /> 2510 Reserve Fund $900,000 $900,000 1.5% $0 0%
<br /> 2600 Facilities $10,733,728 $11,732,346 19.4% $998,618 9.3%
<br /> Total Shared Expenses $59,508,858 $60,541,457 100% $1,032,599 1.7%
<br /> The recommended total Shared Expenses budget for FY2020 is $60,541,457,which represents an increase
<br /> of$931,539 or a 1.7% over the FY2019 Budget.
<br /> Benefits (2100)
<br /> The Benefits line item includes costs for health, dental, and life insurance,the Town's pension assessment,
<br /> workers' compensation, unemployment insurance, and the Medicare tax. The total request for Employee
<br /> Benefits and Insurance is $36,512,823, which represents a $963,964 or 2.7% increase over the FY2019
<br /> Restated Budget.
<br /> The table below provides a breakdown of the Line 2100 Benefits budget by category.
<br /> Benefits Category Amount Percentage
<br /> Health, Dental, Life &Medicare $29,004,664 79%
<br /> Contributory Retirement $6,405,537 18%
<br /> Worker's Compensation $887,346 2%
<br /> Unemployment $200,000 1%
<br /> Non-Contributory Retirement $15,276 <0.1%
<br /> Total, all benefits $36,512,823 100%
<br /> Health insurance cost is by far the largest category in the Benefits budget. The FY2020 budget for health
<br /> insurance is $25,951,569,which is a$409,180 or 1.6%increase over the FY2019 restated budget.
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