HomeMy WebLinkAbout2018-04-02-AC-min 04/02/2018 AC Minutes
Minutes
Town of Lexington Appropriation Committee(AC)
April 2, 2018
Place and Time: Ellen Stone Room, Cary Memorial Building, 6:30 p.m.
Members Present: John Bartenstein, Chair; Alan Levine, Vice-Chair & Secretary; Ellen Basch;
Eric Michelson; Sanjay Padaki; Andrei Radulescu-Banu; Lily Manhua Yan; Jian Helen Yang;
Carolyn Kosnoff, Assistant Town Manager, Finance (non-voting, ex-officio)
Member(s)Absent: Richard Neumeier
Other Attendees: None
The meeting was called to order at 6:35 p.m.
1. Announcements
In response to questions posed by Mr. Padaki on behalf of a Town Meeting member, Ms.
Kosnoff explained that the 2016 actuals in the FY2019 Recommended Budget and Financing
Plan (aka: Brown Book) were different from those in the FY2018 Brown Book because staff
continued their review of the actuals after the books closed in August 2017. This is standard
practice; the differences reflect a timing issue related to when staff are able to complete their
end-of-the-year review. The 2016 actuals are now final.
During the discussion, Ms. Kosnoff reported that an audit is conducted at the end of each
calendar year. She will look into posting the audit on the Town's website but cautioned that the
financial statement for the audit is considerably different from the financial material presented
for the budget. In response to questions, she said that the 2018 Recap of Revenue is filed with
the Department of Revenue and is used to set the tax rate. Surplus revenue and unspent
appropriations are put into free cash.
2. Minutes
Mr. Bartenstein identified a minor edit for the March 26, 2018 AC minutes.
A motion was made a seconded to approve the March 22, 2018 AC Minutes and the
March 26, 2018 AC Minutes, as amended. The motion passed. VOTE: 8-0
3. FY2019 budget issues and supplemental reporting to 2018 Annual Town Meeting (ATM)
Mr. Bartenstein summarized the remarks he plans to snake at the ATM on behalf of this
Committee, noting that they are based on the introduction in this Committee's report to the 2018
ATM.
Ms. Kosnoff reviewed information included in a chart demonstrating post-production changes to
the 2018 Brown Book. Several of the changes relate to capital projects that are being
indefinitely postponed.
A motion was made and seconded to support the amended budget, as presented in the crosswalk
summary of Brown Book changes. The motion passed. VOTE: 8-0
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04/02/2018 AC Minutes
4. Next Meetings
Mr. Bartenstein expects to cancel the currently scheduled AC meeting for April 4 at 6:30 p.m.
He plans to post meetings for April 9 and 11.
The meeting adjourned at 6:55 p.m.
Respectfully submitted,
Sara Arnold, Recording Secretary
Approved: April 9, 2018
Exhibits
• Agenda, posted by John Bartenstein, Chair
• Crosswalk of Changes, Brown Book Post-Production, 3/3012018
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