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APPROPRIATION COMMITTEE - STM 2018-1 Article 2018-1.6: Amend FY2019 Operating, Enterprise and CPA Budgets Funds Requested Funding Source Committee Recommendation See below See below Approve (9-0) Town staff have proposed several modest adjustments to the current FY2019 Operating and Enterprise Fund budgets, most of which may be characterized as housekeeping actions. The adjustments can be divided into four main categories: revenue adjustments, operating budget, enterprise funds, and new capital re- quests. Line numbers in the tables for this section refer to budget categories in the FY2019 Recommended Budget and Financing Plan. The capital requests mentioned below are new budget items that were not part of the original FY2019 budget. Motions to appropriate funding for these projects will be presented under separate articles at this Special Town Meeting. In addition, one necessary, but minor technical correction to the FY2019 budget has no financial impact. There was a transcription error in the motion for Article 4 of the 2018 Annual Town Meeting. Line 1200 of the budget for "Regional School" was shown as $2,216,217, but the correct amount was $2,126,217. The correct number was used in all budget calculations, so there is no financial impact to the budget. Revenue Adjustments The Town has revised its estimated new growth for FY2019 from $2,500,000 to $3,270,004. This represents an addition of $770,004 in potential revenue for the General Fund, assuming the tax rate is set to collect funds up to the levy limit. In addition, subsequent to the 2018 Annual Town Meeting, the State began assessing fees to ride -sharing companies, such as Uber and Lyft, to support a state -created Transportation Network Company (TNC), and a portion of those fees are distributed to municipalities. The Town received $12,211 from this source which is held in a special revenue fund and must be appropriated before it can be expended. Finally, the Town's estimate of annual investment earnings from the Cemetery Perpetual Care Fund is being adjusted downward from $75,000 to $50,000, a net reduction of $25,000. The net result is $757,215 in additional revenue now available for appropriation from the General Fund. Operating udget Funds for an additional Social Worker were approved for FY2019; however, the position will not be filled until January 2019. In the meantime, the School Department will provide mental health referrals to William James Interface. Consequently, a portion of the original appropriation will be shifted from Personal Services to Expenses. This service will be funded using a portion of the FY2019 municipal appropriation for this position. In the FY2020 budget, the School Department will fully fund this position. Line Description From To Change 6000 Human Services Personal Services $ 669,089 $ 656,589 $ (12,500) 6000 Human Services Expenses $ 796,195 $ 808,695 $ 12,500 New revenue from the TNC assessment will be appropriated to fund the Senior/LexConnect Program. Note that this involves a further adjustment to the Human Services Expenses line item shown above. Line Description From To Change 6000 Human Services Expenses $ 80805 $ 820,906 $ 12,211