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APPROPRIATION COMMITTEE 4" REPORT, April 28, 2007, TO 2007 ATM
<br />Warrant Article Analysis and Recommendations
<br />Article 21:
<br />Appropriate
<br />FY2008 Operating
<br />Funds Requested
<br />Funding
<br />Source
<br />Committee
<br />Recommendation
<br />$68,295,983
<br />Multiple
<br />Pending
<br />Budget
<br />(Line 1100 —
<br />($3,187,045
<br />GF
<br />Pending
<br />Lexington Public
<br />contingent on
<br />ovcrrridc
<br />FY07 - 08
<br />Schools)
<br />an override)
<br />School Operating
<br />$63,419,500
<br />($3,187,045
<br />2.66%
<br />$68,295,983
<br />7.69/0
<br />contingent on an
<br />override)
<br />Health Insurance
<br />$19,869,487
<br />Multiple
<br />$19,869,487
<br />$ 9,602,487
<br />10.53%
<br />(Line 2130—
<br />$72,107,500
<br />($794,544 contingent on
<br />2.51%
<br />Shared Expenses,
<br />8.03%
<br />an override) (7 -0)
<br />Employee Benefits,
<br />Health Insurance)
<br />($794,544
<br />contingent on an
<br />override)
<br />Project Description
<br />Amount
<br />Requested
<br />Funding
<br />Source
<br />Committee Recommends
<br />FY2008 with
<br />$68,295,983
<br />FY2007
<br />(a) Lexington Public
<br />($3,187,045
<br />GF
<br />Pending
<br />Schools —Line 1100
<br />contingent on
<br />ovcrrridc
<br />FY07 - 08
<br />an override)
<br />School Operating
<br />$63,419,500
<br />SUMMARY
<br />The FY2008 school operating budget request is for $68,295,983, including $3,187,045 contingent upon
<br />successful passage of an override. The school operating budget includes salaries, wages, and expenses.
<br />Health benefits for school employees are carried in Shared Expenses. The total operating override needed
<br />by the schools is $3,981,589, made up of the contingent $3,187,045 in the school operating budget
<br />(line item 1100) and another $794,544 carried in line item 2130, Shared Expenses health benefits. The
<br />FY2008 health insurance costs for school employees as estimated by the Town Manager are shown in the
<br />following table:
<br />Page 5 of 13
<br />FY2008
<br />%
<br />FY2008 with
<br />% Increase
<br />FY2007
<br />without an
<br />Increase
<br />an ovcrrridc
<br />FY07 - 08
<br />ovcrrridc
<br />FY07 - 08
<br />School Operating
<br />$63,419,500
<br />$65,108,938
<br />2.66%
<br />$68,295,983
<br />7.69/0
<br />Budget
<br />Health Insurance
<br />$ 8,688,000
<br />$ 8,807,943
<br />1.38%
<br />$ 9,602,487
<br />10.53%
<br />Total
<br />$72,107,500
<br />$73,916,881
<br />2.51%
<br />$77,898,470
<br />8.03%
<br />Page 5 of 13
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