2009-04-01-AC-min - Laserfiche WebLink

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Minutes Town of Lexington Appropriation Committee April 1, 2009 Place and time: Ellen Stone Room, Cary Memorial Building, 6:30 PM Members present: Alan Levine (Chair), John Bartenstein (Vice Chair), Richard Eurich, Mollie Garberg, Pam Hoffman, Susan McLeish (Secretary), Eric Michelson, Glenn Parker, Rob Addelson (ex officio, non - voting) The meeting was called to order at 6:37 PM. Approve transfer from Reserve Fund. Rob Addelson requested the transfer of $17,495 from the Reserve Fund to cover legal services for the Human Resources Office resulting from unanticipated costs during collective bargaining with the town police and fire departments. This amount will cover expenses through February 2009. There will be additional expenses for legal services during the remainder of FY 2009, up to another $40,000 to $50,000. The Reserve Fund currently has $517,500. The committee approved the request by a vote of 8 -0. 2. Discuss Article 30 (Amend FY 2009 Operating Budget). Rob Addelson discussed budget issues that will likely require action from Town Meeting when it takes up Article 30. The current expenditure for snow and ice removal in FY 2009 is $2,160,000. The FY 2009 budget for snow and ice was $646,925, with another $300,000 set - aside. To make up the difference, the town may appropriate $350,000 of the FY 2009 budget surplus and $200,000 in free cash to bring the unfunded balance to $669,745. We may consider using $400,000 from the A.C. reserve fund, which will still leave a balance of $269,740. Rob also expects to see shortfalls in the town budgets for Unemployment Compensation, Labor Counsel (see item 1, above), and Town Counsel. Discuss Article 25 (Establish and Appropriate to Specified Stabilization Funds). Rob Addelson stated that a possible shortfall in the school budget may be offset by reducing the amount appropriated to the SPED Stabilization Fund from $350,000 down to $75,000. 4. Recreation Enterprise Fund. Rob Addelson reported the Adjusted Retained Earnings as of 7/1/08 for the Recreation Enterprise Fund were $1,158,000, but the Certified Retained Earnings were $1,250,000. There was a discrepancy in the amounts because $100,000 related to an offset for Lincoln Park debt service was not posted to the account in a timely manner. Discuss Article 11 and Article 12 (CPC Projects). Eric Michelson reported on the Community Preservation Committee's motion to Town Meeting. The Committee recommended approval of Article 11 (a), (b), and (1) by a vote of 8 -0.