12/11/2018 CAPITAL IMPROVEMENT PROGRAM Minutes

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*APPROVED 2-5-2019* CIP MINUTES December 11, 2018 Discussion of Capital Improvement Program Committee Recommendations to the May 2019 Town Meeting Andrew Gottlieb asked what the targeted dollar amount for the FY2020 Capital Improvement Program was, to which Dawn Thayer responded One million four hundred thousand dollars, ($1,400.000), and she further stated that the Capital Stabilization Fund currently has approximately three million dollars, ($3,000.000), and is expected to grow by another fifteen percent after Town Meeting. Mr. Gottlieb suggested to the Committee that the Town should avoid using the stabilization at this point. Mr. Collins then stated his recommendations for funding the Capital Projects as referenced in the table below and using "Revenue Available for Appropriation" for all with the exception of the Recreation Van, Interactive Boards, Wireless Overhaul, and Kitchen Upgrades (School) which are proposed to be funded by the Recreation Revolving Account, MCAT(Cable) Funds (x2) and the School Lunch Revolving Account, respectively. Mr. Gottlieb asked why not use Ambulance Receipts for the Ambulance purchase? Dawn Thayer responded that her suggestion is to use "Free Cash" and that the Ambulance Receipts account will be used to offset the operating budget by five hundred thousand dollars, ($500,000), and will still have approximately five hundred thousand dollars, ($500,000), in it. The tax rate will remain lower if the Town offsets the operating budget with it and leaves some in the Ambulance Receipts Fund to which Mr. Richardson said he agrees with the Finance Director's recommendation. 2019 May Town Meeting Capital Improvement Committee Recommendations: Motion made by Mr. Gottlieb, seconded by Mr. Richardson to approve the following for the FY2020 Capital Improvement Program • Department of Public Works - $251,950 (funds available for appropriation) • Fire Department—Ambulance $310,000 (funds available for appropriation) • Information Technology - $160,000 (funds available for appropriation) • Planning & Construction -$75,000 (funds available for appropriation) • Police Department- $196,000 (funds available for appropriation) • Recreation Department - $17,742 (Recreation revolving funds) • School Department - $402,000 (funds available for appropriation $327,000; MCAT $50,000; School lunch revolving funds-$25,000) Total: $1,412,692 and as shown in the table attached: VOTE: Unanimous. 5-0. Roll Call Vote: Mr. Collins,yes Mr. Gottlieb,yes Mrs. Thayer,yes Mr. Gasior,yes Mr. Richardson,yes Opposed, none ADJOURNMENT Motion made by Mr. Gottlieb, seconded by Mr. Richardson to adjourn at 6:25 pm VOTE: Unanimous. 5-0. Roll Call Vote: Mr. Collins,yes Mr. Gottlieb,yes Mrs. Thayer,yes Mr. Gasior,yes Mr. Richardson,yes Opposed, none