2006-02-17-AC-summit5 - Laserfiche WebLink

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Budget Collaboration/Summit 5 February 17, 2006 A joint meeting ol'the Board o('Selectmen, School Committee and Finance Committees was held on Friday, February 17, 2006, at 8:30 a.m. in Cary Hall. Chairman Krieger, Mr. Kelley, Mr. Pagett, and Mr. Manz; Mr. Valente, Town Manager; and Ms. Pease, Executive Clerk were present. The Chairs olthe School Committee, Appropriation Committee and Capital Expenditures Committee called their members to order. FY 2007 Capital/Cash Mr. Edson, Capital Expenditures Committee (CEC), presented the revised recommendations for capital articles. Pending items include Article 28(c)e - Fire Station Drainage, Roof Repairs, Female Shower and Article 28(d) - DPW Equipment. CEC is waiting for additional information on drainage and the showers have been put off to allow for further discussions as to where to locate them. The School Committee questioned why there was no recommended amount Ior Article 32(a) - Strategic Capital Plan for Elementary Schools. CEC replied they felt Article 32(a) should be paid Ior by the school department within the budget. Mr. Ash replied that the schools did not have the capacity to do so. The School Committee felt that Article 33 - School Administration Building (White House) should reflect a dollar amount to (live them flexibility to move forward if possible. The CEC was willing to put the article as pending. The CEC feels that Article 28(c)c — Visitor Center Electrical should be done but need a relined scope o('work which DPW is preparing. The CEC request for approximately $940,000 being set aside in a Stabilization Fund for Cash Capital items was discussed. The CEC is looking for a commitment. The Appropriation Committee (AC) voted to support moving money to a stabilization fund but not designate Ior Cash Capital because they don't know where the Town is going with reserves or what the breakdown of operating and capital will be. The AC is waiting to hear the recommendations of the Selectmen's Ad Hoc Financial Polic Committee. y Mr. Valente reviewed Lexington's Debt Service History. Review of At-Risk Proposal Dr. Ash reviewed the Schools recommended "at-risk" list. The list is broken down into three tiers: Budget Collaboration/Summit 5 — February 17, 2006 ?? Tier 1 (level service budget) cuts the budget by $2,634,412. It includes the programs and expenses that should be cut first and will reduce the budget from $66,703,858 to $64,069,446. ?? Tier 2 (basic budget) reestablishes priorities within the level service budget by dropping some current programs/expenses and adding others totaling. $69,800. The basic budget is based on current priorities.