2021-10-20-AC-min - Laserfiche WebLink

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10/20/2021 AC Minutes a request to use a previous appropriation for the installation of a new prefab bathhouse at the Old Res rather than renovating the existing bathhouse. No additional funds are needed. Mr. Parker reviewed the status of this Committee's report, asking that missing material be submitted before next week's meeting. Ms. Kosnoff reported that the motions for the articles should be available in a day or two. She commented on other material that she will provide for various articles, hopefully by Friday, as follows: • Article 4: Amend FY2021 Operating and Enterprise Budgets: Operating adjustments to the general fund and the water/sewer fund are expected, including the following: ➢ A new management analyst position, for which a job description and rationale are being prepared, may be funded using ARPA funds because ARPA requires considerable documentation and management oversight. ➢ Water/sewer salary line items will be reduced to correct a previous error. ➢ Adjustments to the police department are expected. ➢ Shifting a management analyst position in the IT Department to the library Personal Services line item is anticipated because of the IT needs at the library. ➢ Increased funding for Fire Department overtime is needed after several years of being level-funded. • Article 3: Establish, Dissolve and Appropriate To and From Specified Stabilization Funds: Recommended amounts to go into the Capital Stabilization Fund (CSF) and the Transportation Demand Management Stabilization Fund are being finalized. The Town's new growth, which ultimately needs to be certified by the State Department of Revenue, is currently estimated to be approximately $2.15 million greater than projections used for the FY2022 budget. It may be recommended that a small portion of that additional amount be used to support some of the operating budget adjustments with the balance going into the CSF. • Article 5: Appropriate for Police Station Architectural Design and Swing Space Construction and Article 7 Appropriate for Westview Cemetery Building Construction: An alternative to tranferring the additional new growth funds into the Capital Stabilization Fund, would be to use some portion as cash capital to help fund these two articles. Additional information provided during the discussion, included: ➢ Funds that are borrowed for the new police station will be included in a debt exclusion package, but it might be advisable to use cash capital for renovating the swing space for this project. ➢ Westview Cemetery generates revenue from burial fees, which are currently going into the general fund and the sale of plots. Although these are used to help cover operating costs, it is also expected that the Town will help cover some of the costs. Current thinking is that some of the new growth funds could be used to offset some of the costs of the new building. ➢ Although interest rates are currently low, they are not expected to remain so. ➢ Some of the previously incurred debt will be paid off before new debt service is added for the police station, so that the portions of tax bills from exempt debt service will not increase due to that project. Votes on articles were taken as follows: • Mr. Michelson added his support for recommending approval of Article 5: Appropriate for Police Station Architectural Design and Swing Space Construction and Article 7: Appropriate for Westview Cemetery Building Construction, making the vote 8-0 for both. 2