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APPROPRIATION COMMITTEE-2019 ATM
<br /> subscribers(new enrollees to health coverage, either from new retirees, active employees electing to begin
<br /> or resume coverage,and active employees switching from individual to family plans). The budget includes
<br /> benefits for new school and new municipal department positions.
<br /> The second largest category within the Benefits budget is Contributory Retirement, with a total budget of
<br /> $6,405,537. The year-over-year increase in Contributory Retirement is $400,000 or 6.7%. The funding
<br /> amount is based on a funding schedule from the January 1, 2018 actuarial valuation of the Lexington Re-
<br /> tirement System. This schedule projects full funding of the system's unfunded liability by 2024, given the
<br /> current actuarial assumptions.
<br /> Debt Service (2400)
<br /> The Debt Service amount included in the Shared Expenses budget covers payments for within-levy debt. it
<br /> does not include exempt debt service,because those payments are not appropriated by Town Meeting. This
<br /> line item has decreased from the prior year and therefore will not require mitigation from the Capital Sta-
<br /> bilization Fund in order to keep its annual growth at or below the goal of 5%.
<br /> For details on Debt Service budget,please see Brown Book Pages 1V-16 and 1V-17.
<br /> Reserve Fund (2510)
<br /> The Reserve Fund is intended for extraordinary and unforeseen expenses. Transfers out of the Fund are
<br /> done only with the approval of the Appropriation Committee.
<br /> The FY2019 funding request for the Reserve Fund is $900,000, which represents level-funding since
<br /> FY2014. At the end of the year any unused amount flows to Free Cash.
<br /> Facilities (2600)
<br /> The Department of Public Facilities manages the operation and maintenance of Lexington's municipal and
<br /> school buildings. The Department supports the operation of the Community Center, supports the School
<br /> Master Planning process,manages recurring maintenance of roofs,building envelopes,and HVAC systems
<br /> in municipal and school buildings, and implements other priority projects. The FY2020 projected total
<br /> Public Facilities operating budget is $11,631,286 which represents a $897,558 or 8.4% increase over
<br /> FY2019 primarily due to staffing costs for Lexington Children's Place, and the new Hastings School, in-
<br /> creased utility costs for those buildings as well as the temporary fire station, and other maintenance costs.
<br /> Municipal
<br /> The municipal operating budget comprises all line items from 3000 to 8999. As shown in the table below,
<br /> the FY2020 Recommended Budget of$40.3 million represents a$1.9 million or 4.8%increase. The largest
<br /> components of the municipal budget are those for Public Safety, the DPW, and General Governments
<br /> 3000-8000 Municipal FY2019 FY2020 Share of $ %
<br /> Budget Recommended Total Change Change
<br /> 3000 Public Works $10,119,459 $10,482,790 26.1% $363,331 3.6%
<br /> 4000 Public Safety $14,197,276 $14,623,802 36.4% $426,526 2.9%
<br /> 5000 Culture& $2,592,454 $2,848,949 7.1% $256,495 9.0%
<br /> Recreation
<br /> 6000 Human Services $1,477,495 $1,458,936 3.6% ($18,559) (1.3%)
<br /> The entries show expenditures only from the General Fund.The Bbudgets for the enterprise funds are discussed and
<br /> appropriated under Article 12.Expenditures from revolving funds are discussed in Article 13.
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