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appropriates and transfers the sum of$500,000 to the fund to meet anticipated Fiscal Year 2017 <br /> cable-related expenses. <br /> The Board of Selectmen recommends Town Meeting approval by a vote of 5-0. <br /> The Finance Committee recommends Town Meeting approval by a vote of 5-0. <br /> Motion made by Selectman Andrew Gottlieb. <br /> Motion: I move the Town vote to accept General Laws Chapter 44, Section 53F 3/4, which <br /> establishes a special revenue fund known as the PEG Access and Cable Related Fund, to reserve <br /> cable franchise fees and other cable-related revenues for appropriation to support PEG access <br /> services and oversight and renewal of the cable franchise agreement, the fund to begin operation <br /> for FY 2017, which begins on July 1, 2016; and to appropriate the sum of $500,000 for <br /> expenditures from the fund, and to fund said expenditures, the Town appropriate and transfer <br /> $115,000 from the unencumbered balance of current cable funds, and appropriate and transfer <br /> $385,000 from Revenue Available for Appropriation. <br /> Motion passes unanimously at 8:14 PM. <br /> Article 8 <br /> To see if the Town will vote to appropriate $376,170 for the operation of the Kids Klub <br /> Enterprise Fund for FY 2017; such sums to be raised from $376,170 in receipts of the Enterprise, <br /> or take any other action relating thereto. <br /> Submitted by the Recreation Department <br /> Estimated Revenues <br /> Registration Fees $ 5,900 <br /> Tuition $ 370,000 <br /> Toddler Program (20%) <br /> 3 & 4 YO Daycare (40%) <br /> Pre-School Program (40%) <br /> Investment Income $ 185 <br /> Late Fees $ 85 <br /> Total Budgeted Revenue $ 376,170 <br /> Estimated Expenses <br /> Salary (full-time; incl. long.) $273,050 <br /> Salary (part-time) $ 31,920 <br /> Benefits (Health, Life, Medicare) $ 26,000 <br /> Building Expenses $ 45,200 <br /> Total Budgeted Expenses $376,170 <br /> Net Profit/Loss $ - 0- <br /> 11 <br />