2011-07-BOS-min - Laserfiche WebLink

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Selectmen’s Meeting – July 11, 2011 Lexington will receive $8,442,355 in state aid for FY12, instead of the budgeted amount of $7,781,211. The recommendation is to use the approximately $660,000 to offset the FY2011 snow and ice deficit. Mass DOT will be starting the resurfacing of Marrett Road from Massachusetts Avenue to Spring Street next week. Work on a new water main on Waltham Street from Massachusetts Avenue to Park Drive will begin the week of July 18. Work will be done between 8:00 p.m. and 6:00 a.m. and is expected to take approximately five weeks, weather permitting. Review and Approve FY2011 Year End Transfers Mr. Addelson, Comptroller, had the Finance Department review the status of all appropriations and identified those departments that need transfers for year-end. The proposed FY2011 year-end transfers totaling $30,900 from the Salary Adjustment Account include:  $1,000 to the Board of Selectmen Regular Wages;  $15,200 to the Finance Regular Wages;  $13,400 to the Town Manager’s Regular Wages; and  $1,300 to the MIS Regular Wages The proposed FY 2011 year-end transfers totaling $80,415 from the 3% Rule Transfers include:  $25,070 from Interest on Funded Debt to Payment on Funded Debt;  $4,344 from Temporary Borrowing to Payment on Funded Debt;  $6,001 from Employee Insurance to Payment on Funded Debt;  $20,000 from Employee Insurance to Fire Department; and  $25,000 from Employee Insurance to Department of Public Facilities. The Appropriation Committee approved all of the proposed transfers. Upon motion duly made and seconded, it was voted 5-0 to approve and sign the proposed FY2011 3% Rule and Salary Adjustment Account transfers as presented. Approve the Parks and Recreational Facilities Regulation The Recreation Committee provided suggested changes and asked the Policy Manual Committee to review and revise the regulation so that it could become part of the Code of the Town of Lexington. The Town Manager has also approved the revisions.