HomeMy WebLinkAbout2015-12-10-Summit-PacketSummit 3
Board of Selectmen, School Committee, Appropriation Committee,
Capital Expenditures Committee
December 10, 2015
7:00 PM
Public Services Building Cafeteria
AGENDA
1.P ro p o s ed F Y17 Revenue Allo c atio n Mo d el
2.P reliminary F Y17 Capital Projec ts Review-Cap ital Exp end itures C o mmittee
3.Es tablish Date fo r Summit 4
4.Up d ate o n Minuteman Regio nal Agreement and Building R ec ons tructio n
P ro ject Negotiations
5.Exec utive Session-Exemptio n 6: Update on 20 Pelham Road Purchas e
Hearing Assistance Devices Available on Request
All agenda time and the order of items are approximate and subject to change.
AGENDA ITEM SUM M ARY
LEXINGTON BOARD OF SELECTMEN MEETING
AGENDA ITEM TITLE:
Proposed FY17 Revenue Allocation Model
PRESENTER:
Carl F. Valente, Town Manager; Rob
Ad d els o n, As s is tant Town Manager for
F inance
ITEM
NUMBER:
1.
SUMMARY:
Staff will pres ent the p ro p o s ed F Y17 Revenue Allo catio n Mo d el.
SUGGESTED MOTION:
None
FOLLOW-UP:
None
DATE AND APPROXIMATE TIME ON AGENDA:
12/10/2015
ATTACHMENTS:
Des crip tion Typ e
Revenue Allocation Model Exhibit
197,586,175$
(1)(92,060,316)$
(2)(33,578,271)$
(3)(1,514,000)$
(4)(5,532,537)$
(5)(13,500)$
(6)(25,806,849)$
(7)(200,000)$
(8)(688,130)$
(9)(675,952)$
(10)(225,000)$
(11)(6,417,558)$
(12)(900,000)$
(13)(9,993,116)$
(14)(10,981,827)$
(15)8,999,119$ Incremental Revenue
(16)73.3%
(17)26.7%
(18)
6,594,007$
(19)2,405,112$
FY16 School Spending as % of FY16 general fund budget
exclusive of Shared Expenses and Minuteman.
FY16 Municipal Spending as % of FY16 general fund
budget exclusive of Shared Expenses and Minuteman.
School Share of incremental FY2017 revenue (7.2%
increase over FY16 School Budget)
Municipal Share of incremental FY2017 revenue (7.2%
increase over FY16 Municipal Budget)
Set-Aside for as yet identified needs - $983,261; Set-Aside
for Unanticipated Current Fiscal Year Needs - $200,000;
Set-Aside for Tax Levy Support of Community Center
Program (Transfer to Article 5 )- $233,172; Capital Projects
Stabilization Fund - $3,100,000; Cash Capital - $2,500,000;
OPEB - $1,512,318; Street Improvement Program -
$2,236,746; Building Envelope Program - $187,329; Senior
Work-Off Program-$30,000.
FY2017 Debt Service
FY2017 Reserve Fund
FY2017 Facilities Department Budget
FY2017 Unemployment comp
FY2017 Workers' comp
FY2017 Property and Liability Insurance
FY2017 Uninsured Lossess
FY2017 Minuteman
FY2017 Contributory Retirement
FY2017 Non-Contributory Retirement
FY2017 Benefits
FY2017 Revenue Allocation
Projected FY2017 Revenue
FY2016 school budget
FY2016 municipal budget
Summit III - FY17
December 10, 2015
AGENDA ITEM SUM M ARY
LEXINGTON BOARD OF SELECTMEN MEETING
AGENDA ITEM TITLE:
Preliminary FY17 Capital Projects Review-Capital Expenditures Committee
PRESENTER:
Jill Hai, Chairman, Capital Expend itures
Co mmittee
ITEM
NUMBER:
2.
SUMMARY:
Jill Hai, Chairman o f the Capital Expend itures Committee, will present a high level o verview o f the Committee's
p ers p ective regard ing F Y17 Capital projec ts.
SUGGESTED MOTION:
None
FOLLOW-UP:
CEC is sc hed uled to meet with the To wn Manager and Assistant To wn Manager for Financ e on December 15
to p ro vide a mo re detailed respons e to FY17 propos ed capital projec ts.
DATE AND APPROXIMATE TIME ON AGENDA:
12/10/2015
AGENDA ITEM SUM M ARY
LEXINGTON BOARD OF SELECTMEN MEETING
AGENDA ITEM TITLE:
Establish Date for Summit 4
PRESENTER:
Carl F. Valente, Town Manager
ITEM
NUMBER:
3.
SUMMARY:
Summit 4 is p ro p o s ed for January 14, 2016. At that time the Town Manager's and Sup erintendent o f School
p ro p o s ed operating b udget fo r F Y17 will be p res ented along with the To wn Manager's proposed FY17 Capital
b udget.
SUGGESTED MOTION:
None
FOLLOW-UP:
None
DATE AND APPROXIMATE TIME ON AGENDA:
12/10/2015
AGENDA ITEM SUM M ARY
LEXINGTON BOARD OF SELECTMEN MEETING
AGENDA ITEM TITLE:
Update on Minuteman Regional Agreement and Building Reconstruction Project Negotiations
PRESENTER:
Jo e Pato
ITEM
NUMBER:
4.
SUMMARY:
Mr. Pato will provid e an up d ate o n the Minuteman R egional Agreement and Building Rec o nstruc tion Projec t
Nego tiatio ns.
SUGGESTED MOTION:
FOLLOW-UP:
DATE AND APPROXIMATE TIME ON AGENDA:
12/10/2015
AGENDA ITEM SUM M ARY
LEXINGTON BOARD OF SELECTMEN MEETING
AGENDA ITEM TITLE:
Executive Session-Exemption 6: Update on 20 Pelham Road Purchase
PRESENTER:
Jo e Pato, Chairman, Board o f
S electmen
ITEM
NUMBER:
5.
SUMMARY:
Sugges ted motio n fo r Exec utive Session: Move that th e Boa rd of S electmen, School Committee,
Approp ria tion C ommittee and Capital Expen d itu res Committee g o into Executive S ession to consider the
p u rch a se, exch a n g e, lease or va lue of real p roperty, 2 0 Pelh a m Roa d , a nd to recon ven e in Open S ession
only to a d journ . Further, that as Ch a irman, I d eclare that an open meeting ma y have a detrimen tal effect
on the n eg otia tin g position of th e Town .
SUGGESTED MOTION:
None
FOLLOW-UP:
Town Manager will continue nego tiatio ns with Armenian Sisters for the purc has e o f the Pelham Ro ad prop erty.
DATE AND APPROXIMATE TIME ON AGENDA:
12/10/2015