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2023-03-16-AC-att2
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2023-03-16-AC-att2
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5/24/2023 2:40:57 PM
Creation date
5/18/2023 9:59:03 AM
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2023
Department
Surveyors of Highways
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Minutes
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1 <br />john.bartenstein@verizon.net <br />From:Carolyn Kosnoff <ckosnoff@lexingtonma.gov> <br />Sent:Thursday, March 16, 2023 6:31 PM <br />To:John Bartenstein <br />Cc:Glenn Parker <br />Subject:RE: Retained Earnings, FY2023 Adjustments <br />Hi John, <br />We had one addiƟonal change to the current year budget adjustments today – we are adding $25,085 to the Property & <br />Liability Insurance line. We had budgeted an increase of $50K over the prior year which was about a 6% increase. The <br />actual premiums for FY2023 are approx. 10% so we are adjusƟng to cover. <br /> <br />We also had a discussion with Fire Department and have decided not to make a budget adjustment for them at this <br />Ɵme. They are currently trending over on OT, but we are going to manage it closely and if needed we will do an end of <br />year transfer to cover it. <br /> <br />This is the updated ArƟcle 21 moƟon: <br />MOTION: <br />That the following adjustments be made to the following line items for the FY2023 budget as approved under ArƟcle 4 of <br />the 2022 Annual Town MeeƟng: <br />Line Item Program From To <br />2210 Property & Liability Insurance $895,000 $920,085 <br />4100 Law Enforcement Personal Services $7,169,307 $7,299,307 <br /> <br />and further, that to meet this appropriaƟon $155,085 be appropriated from the General Fund unreserved fund balance. <br /> <br />Carolyn Kosnoff <br />Assistant Town Manager for Finance <br />Town of Lexington <br />1625 Massachusetts Avenue <br />Lexington, MA 02420 <br />781698.4622
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