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APPROPRIATION COMMITTEE REPORT—APRIL 2006 <br />Extract of Appendix C from <br />DRAFT #08 3 Apr 2006 <br />C-2: FY2008 Projected Reserves Balance - Scenarios 1 & 2 <br />Reserves ($Millions)OptimisticNominalPessimistic <br />1Town Manager's estimate June 2006 (less AC reserve fund)5.5705.5705.570 <br />2Town Manager's estimate June 2007 (less AC reserve fund)6.2226.2226.222 <br />Expense reversions, excess receipts <br />3June 30, 2007 increase (beyond T. Mgr's projections)0.5000.2500.000 <br />4June 30 2008 increase (extrapolating T. Mgr's projections)1.2501.0000.750 <br />5Preliminary projected June 2008 balance (sum of Lines 2, 3, 4)7.9727.4726.972 <br />(assuming no unpaid bills, other crises) <br />6Available for appropriation for FY2008 (Line 5 - Line 1)1.902 <br />(nominal case) <br />7Projected June 2008 balance (Line 5 - Line 6)5.570 <br />(nominal case) <br />8Scenario 1: June '07 override needed to achieve level 2.793 <br />service in FY08 and maintain $5.57M reserve balance <br />(nominal case) <br />9Scenario 2: June '06 Override addition for stabilization1.379 <br />needed to avoid a June '07 override and still achieve <br />level service in FY08 while maintaining $5.57M reserve <br />(nominal case) <br />10Projected June 2008 balance (all cases)6.0705.5705.070 <br />11Projected June 2008 balance if no override in June '07 3.282.7772.277 <br />and no stabilization override addition in June '06 <br />(Line 10 - "the gap" shown on Line 8) <br /> <br /> Page 6 <br /> <br /> <br />