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PRELIMINARY FY2023 Budget Adjustments for Fall 2022 Special Town Meeting (STM3)
<br />From To
<br />Change
<br />Table 1 New Growth $ 2,750,000 $ 3,490,000 740,000$ Estimated - not yet submitted to Dept. of Revenue
<br />Table 1 New Growth (Dedicated to CSF) $ 57,138 $ 1,733,137 1,675,999$ Estimated - not yet submitted to Dept. of Revenue
<br />Table 1 New Growth (Dedicated to Retirement Fund) $ - $ 1,060,000 1,060,000$ Estimated - not yet submitted to Dept. of Revenue
<br />Table 2 State Aid- Chapter 70/Education $ 14,907,953 $ 15,123,384 215,431$ Increase in State Aid based on approved State budget
<br />Table 2 State Aid- General Gov Including UGGA $ 1,876,709 $ 1,933,214 56,505$ Increase in State Aid based on approved State budget
<br />Table 5 Revenue Offsets - Cherry Sheet Assessments $ (1,181,557) $ (1,152,341)29,216$ Increase in State Aid based on approved State budget
<br />Table 5 Snow Deficit $ (400,000) $ - 400,000$ FY2022 Snow & Ice Expenses were within the appropriated
<br />budget (no deficit to cover in FY2023)
<br />New Opioid Mitigation Settlement $ - $ 76,256 76,256$
<br />National Opioid Settlement Funds - per legal settlement
<br />agreement Town Meeting must vote to appropriate funds for
<br />eligible purposes
<br />A. Total Additional Revenue 4,253,407$
<br />From To
<br />Change
<br />2110 Contributory Retirement $ 8,159,250 $ 9,219,250 1,060,000$ Reserve Takeda personal property new growth into Pension
<br />Fund
<br />2120 Non-Contributory Retirement $ 16,777 $ - (16,777)$ The Town's last non-contributory retiree passed in 2022
<br />2430 Temporary Borrowing $ 1,050,046 $ 762,975 (287,071)$ Reduce temp borrow to reflect actual results of BAN issue
<br />2510 Reserve Fund $ 750,000 $ 1,250,000 500,000$ Replenish Reserve Fund (due to $750,000 allocated to Public
<br />Safety Communications Equipment)
<br />2600 Facilities - Energy Budget $ 12,669,307 $ 13,069,307 400,000$ Increase for electricity and natural gas due to increases in
<br />distribution charges and increased airflow
<br />8210-8220 Town Manager Personal Services $ 956,568 $ 1,011,696 55,128$ Transfer Webmaster compensation from IT budget to TMO
<br />8210-8220 Town Manager Expenses $ 289,185 $ 294,275
<br />5,090$ Transfer Webmaster expenses from IT budget to TMO
<br />8400 Finance Expenses $ 498,835 $ 508,835 10,000$ Increase postage budget for TOB metering machine to cover
<br />the increase in election related mailings
<br />8600 Innovation & Technology Personal Services $ 867,192 $ 812,064 (55,128)$ Transfer Webmaster compensation from IT budget to TMO
<br />8600 Innovation & Technology Expenses $ 1,860,535 $ 1,855,445 (5,090)$ Transfer Webmaster expenses from IT budget to TMO
<br />B. Total Operating Budget Amendments 1,666,152$
<br />2022 STM3
<br />Article: Change
<br />8 75,000$ Proposed funding for Article 8 at Fall 2022 STM3
<br />9 Opioid Mitigation and Response 76,256$ Appropriation of Opioid Mitigation Funds; to be managed by
<br />Health Department and Human Services
<br />10 60,000$ Proposed funding for Article 10 at Fall 2022 STM3
<br />11 700,000$ Proposed funding for Article 11 at Fall 2022 STM3
<br />C. Total Capital Requests - Funded from Tax Levy 911,256$
<br /> Amount
<br />To/(From)
<br />1,675,999$ Transfer New Levy Growth into Capital Stabilization Fund from
<br />General Fund -Per CSF Guideline
<br />D. Total Specified Stabilization Funds 1,675,999$
<br />Total Amendments - General Fund Expenses (B+C+D)4,253,407$
<br />Net General Fund Revenue and Expense Adjustments -$
<br />From To
<br />Change
<br />3610 Water Department Debt Service $ 1,224,746 $ 1,195,180 (29,566)$ Adjustment for actual FY2023 debt service.
<br />3710 Wastewater Department Debt Service $ 1,595,417 $ 1,561,470 (33,947)$ Adjustment for actual FY2023 debt service.
<br />3720 MWRA Wastewater Assessment $ 8,499,573 $ 8,432,792 (66,781)$ Adjustment for final MWRA assessment.
<br />Total Enterprise Fund Amendments (130,294)$
<br />From To
<br />Change
<br /> $ 867,000 $ 923,100 56,100$ Convert PT seasonal employee to full time with benefits
<br />STM3
<br />Article:Change
<br />5 400,000$ Proposed funding for Article 5 at Fall 2022 STM3.
<br />400,000$
<br /> Amount
<br />To/(From)
<br />100,000.00$ Transfer into TDM Stabilization Fund from mitigation payment
<br />from National Development (55 Watertown St)
<br />107,554.00$ Transfer into TMOD Stabilization Fund from mitigation
<br />payments (3 Maguire and 91 Hartwell)
<br />250,000.00$ Transfer into Ambulance Stabilization Fund from mitigation
<br />payment from National Development (55 Watertown St)
<br />(494.05)$ Remaining balance in fund to be appropriated for Exempt
<br />debt service (associated bond matures 12/8/2022)
<br />4,479.48$ Transfer Community Impact Fees from short-term rentals into
<br />Affordable Housing Stabilization Fund
<br />Total Specified Stabilization Funds 461,539.43$
<br />250th Anniversary of the Battle of Lexington Celebration
<br />CPA Capital Requests
<br />Project Title
<br />Center Playground Bathrooms and Maintenance Building
<br />Transportation Demand Management/Public Transportation Stabilization Fund
<br />Total Capital Requests - Funded from CPA
<br />Amend FY2023 Revolving Fund Spending Authorizations
<br />STM3 - Article 4
<br />DPW Compost Operations
<br />Affordable Housing Stabilization Fund
<br />Center Streetscape Sidewalk Extension
<br />Town Pool Domestic Hot Water Heater
<br />Transportation Management Overlay District (TMOD)
<br />STM3 - Article 4
<br />Amend FY2023 Water/Sewer Enterprise Funds
<br />Ambulance Stabilization Fund
<br />Debt Service Stabilization Fund
<br />FY2023 Revenue Adjustments
<br />Revenue Category
<br />Appropriate To and From Specified Stabilization Funds
<br />STM3 - Article 3
<br />Amend FY2023 Operating Budget
<br />2022 STM3 - Article 4
<br />Capital Requests and Special Articles - From General Fund
<br />Project Title
<br />Appropriate To Specified Stabilization Funds
<br />2022 STM3 - Article 3
<br />Capital Stabilization Fund - New Growth Dedicated to CSF Annually
<br />10/20/2022
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