2012-04-BOS-min - Laserfiche WebLink

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Summit Meeting 5 Board of Selectmen, School Committee, Appropriation Committee and Capital Expenditures Committee April 2, 2012 A Summit was held on Monday, April 2, 2012, at 6:00 p.m. in the Selectmen Meeting Room, Town Office Building. Mr. Manz, Mr. Kelley, Mr. Cohen, Mr. Burnell and Ms. Mauger; Mr. Valente, Town Manager; Mr. Addelson, Finance Director; Mr. Kalivas, Budget Officer; and Ms. Pease, Executive Clerk, were present. Also Present: All School Committee (SC) members, Dr. Ash, Superintendent of Schools, Ms. Dunn, Assistant Superintendent for Finance and Business, and Mr. Coolidge, Student Representative; all members of the Appropriation Committee (AC), and all members of the Capital Expenditures Committee (CEC), except Mr. Lamb. Options for Funding Budget Priorities The group discussed options for using the approximate $3.4 million of unallocated revenue that will become available from the health care changes. Staff recommendations for the unallocated revenue for FY2013 included: Streets Maintenance/Reconstruction $ 400,000 OPEB Stabilization Fund (additional) $ 750,000 Capital Projects/Debt Service Reserve $2,229,821 The Selectmen voted on March 26, 2012 to use $400,000 for Streets Maintenance/ Reconstruction. Mr. Pato, Appropriation Committee, offered an alternative proposal that would avoid raising the tax levy to the levy ceiling: Excess Shared Expenses budget $3,379,821 Unallocated for Use to Reduce Tax Levy $2,500,000 Available Shared Expenses Budget $ 879,821 The $879,821 should be apportioned between the school department and the municipal budgets following the revenue allocation model. If the one-time transfers to support reducing kindergarten fees and support reduction of busing fees at Estabrook are corrected, the resulting budget amounts would be: