2019-03-25-AC-ATM-rpt - Laserfiche WebLink

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APPROPRIATION COMMITTEE-2019 ATM Note that Article 6 requests funds for the preparation of design through construction documents for a crem- atory at Westview Cemetery. No funds for the design or construction of a crematory are included in this request. The Committee recommends approval of 20(a-f) by a vote of(9-0). The Committee recommends approval of 20(g) by a vote of(8-0-1). Article 21 Rescind Prior Borrowing Authorizations Funds Requested Funding Source Committee Recommendation None N/A Approve(9-0) State law requires that Town Meeting vote to rescind the unissued portions of borrowing authorizations (appropriations funded by debt)that are no longer required for the purpose stated in the authorization. Re- scinding these authorizations is the final bookkeeping task for all debt-based appropriations. The following borrowing authorizations are recommended for rescission in FY2020. Town Meeting Article Amount Purpose Special Town Meeting 2012 2 $224,273 Estabrook Construction 2015 Annual Town Meeting 18(a) $313,998 Middle School Space Mining Special Town Meeting 2015-1 2 $547,951 School Facilities Capital Projects 2008 Annual Town Meeting 15(k) $34,971 Police/Fire Mobile Computerization 2017 Annual Town Meeting 12(x) $9,655 Ambulance Replacement The Committee recommends approval of this request(9-0). Article 22 Establish, Dissolve and Appropriate to and from Specified Stabilization Funds Funds Requested Funding Source Committee Recommendation $1,536,759 Tax Levy $5,200,000 Capital SF Approve(9-0) $1,526 Special Revenue Fund The State statute authorizing towns to create and maintain a stabilization fund (G.L. c. 40, § 513) was amended in 2003 to permit the creation of stabilization funds for specified purposes. Multiple funds may be created for different purposes. They are separate and independent accounting entities. Each specified stabilization fund holds monies that may be appropriated for the stated purposes but not for other purposes. Lexington's first specified stabilization funds were established at the 2007 Annual Town Meeting.A history and description of these funds can be found in Appendix E. An article similar to this one is now routinely included on the annual town meeting warrant to give Town Meeting the opportunity to act in relation to specified stabilization funds. Town Meeting may create a specified stabilization fund, alter a fund's specified purpose, or make an appropriation into or out of a fund by a two-thirds majority vote. Appropriations into specified stabilization funds do not authorize expendi- tures,but rather are transfers of funds into accounts for specified future uses. 42