2018-Annual Town Report - Laserfiche WebLink

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Explanation: This article will set aside funds in to fied in Article 7 pursuant to G.L. Ch 44 Section 53E Capital Stabilization account for future capital expen- 1/2 for the fiscal year beginning July 1, 2018 to be ditures in an effort to ensure the Town will maintain expended in accordance with the Bylaw establishing its assets at a level adequate to protect the Town's cap- said revolving funds,heretofore approved. ital investments and to minimize future maintenance and replacement costs. Motion passes unanimously at 7:50 PM. The Board of Selectmen recommends approval of Article 8 Article 6 by a vote of 5-0. To see if the Town will vote to appropriate $557,524 to establish a budget for the PEG Access and Cable The Finance Committee recommends approval of Related fund for fiscal year 2019,with said appropri- Article 6 by a vote of 6-0. ation to be funded through the current balance of the fund,or take any other action relating thereto. Motion made by Selectman Carol Sherman. Submitted by the Finance Director Motion: I move the Town vote to appropriate and transfer the sum of$1,176,537 from revenue available Explanation: The Department of Revenue now for appropriation to be deposited into the Capital requires the Town to vote a yearly budget based on Stabilization Fund. estimated expenditures from the fund for the next fis- cal year. The total budget voted may not exceed the Motion passes unanimously at 7:48 PM. current balance within the fund. Article 7 The Board of Selectmen recommends approval of To see if the Town will vote to authorize the total Article 8 by a vote of 5-0. expenditures for the following revolving funds pur- suant to G.L. Ch 44 Section 53E 1/2 for the fiscal year The Finance Committee recommends approval of beginning July 1, 2018 to be expended in accordance Article 8 by a vote of 6-0. with the Bylaw establishing said revolving funds, heretofore approved,or take any other action relating Motion made by Selectman Andrew Gottlieb. thereto. Motion: I move the Town vote to appropriate the sum FUND FY 2019 AUTHORIZATION of$557,524 to establish a budget for the PEG Access RECREATION $521,000 and Cable Related fund for fiscal year 2019,with said LIBRARY $20,000 appropriation to be funded through the current balance SENIOR CENTER $15,000 of the fund. HISTORICAL $ 2,500 COMMISSION Motion passes unanimously at 7:51 PM. Submitted by the Finance Director Article 9 Explanation: This article establishes the FY 2019 expenditure limits for departmental revolving funds. To see if the Town will vote to raise and appropriate, borrow or transfer from available funds $600,830 to The Board of Selectmen recommends approval of provide for road improvement projects under the Article 7 by a vote of 5-0. Chapter 90 program, or take any other action relating thereto. The Finance Committee recommends approval of Article 7 by a vote of 6-0. Submitted by the Department of Public Works Motion made by Selectman John Cahalane. Explanation: This article authorizes use of funds which will be 100% reimbursed by the Motion: I move the Town vote to authorize the total Commonwealth of Massachusetts. The budget expenditures for the respective revolving funds identi- approved each fiscal year by the Legislature and 56