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2021-08-18 Finance Committee Packet
Town of Reading Meeting Posting with Agenda 2018-07-16 LAG Board - Committee - Commission - Council: Finance Committee Date: 2021-08-18 Time: 7:30 PM Building: Location: Address: Agenda: Purpose: General Business Meeting Called By: Jacquelyn LaVerde on behalf of Chair Ed Ross Notices and agendas are to be posted 48 hours in advance of the meetings excluding operation and make necessary arrangements to be sure your posting is made in an adequate amount of time. A listing of topics that the chair reasonably anticipates will be discussed at the meeting must be on the agenda. All Meeting Postings must be submitted in typed format; handwritten notices will not be accepted. Topics of Discussion: This meeting will be held remotely via Zoom: WƚźƓ ƚƚƒ aĻĻƷźƓŭ ŷƷƷƦƭʹΉΉǒƭЉЏǞĻĬ͵ǩƚƚƒ͵ǒƭΉƆΉБАЌЊЍЏЊББЏЉ aĻĻƷźƓŭ L5ʹ БАЌ ЊЍЏЊ ББЏЉ hƓĻ ƷğƦ ƒƚĬźƌĻ њЊЏЍЏЎЊБВБЉЎͲͲБАЌЊЍЏЊББЏЉϔ { ΛbĻǞ ƚƩƉΜ њЊЏЍЏЎЎББЏЎЏͲͲБАЌЊЍЏЊББЏЉϔ { ΛbĻǞ ƚƩƉΜ Dial by your location +1 646 518 9805 US (New York) +1 646 558 8656 US (New York) Meeting ID: 873 1461 8860 Find your local number: https://us06web.zoom.us/u/kde5LwhKyx AGENDA: Reorganization Liaison Assignments Discuss Agenda for Financial Forum on August 31st Discuss FY22 Meeting Schedule Minutes for Approval: June 23, 2021 This Agenda has been prepared in advance and represents a listing of topics that the chair reasonably anticipates will be discussed at the meeting. However the agenda does not necessarily include all matters which may be taken up at this meeting. Page | 1 TOWN OF READING Finance Committee Liaisons FY21 Name/Address/Email Telephone Liaison Assignments Schools & School Committee 82 Johnson Woods Drive Audit Committee jmborawski@gmail.com - 781-325-2887(C) DPW 161 Belmont Street Facilities ejburkhart@gmail.com -, Vice Chair 781-944-2440 (W) Administrative Services 519B Main Street 978-337-0520 (C) Permanent Building Committee danieldewar@me.com Select Board 508-265-4214(C) Select Board 13 Heather Drive 781-944-3447(H) Public Services Mariannemdowning.fincom@gmail.com - 781- 258-1273(C) Library & Trustees 88 Bay State Road Schools & School Committee Seanjacobs23@gmail.com Andrew Mclauchlan 9-28) 781-507-5241(C) Permanent Building Committee 128 High Street Select Board Mclauchlan.andrew@outlook.com Public Services Edward Ross 19-228), Chair 781-944-7488(H) Audit Committee 16 Kensington Avenue 617-699-7542(C) Schools & School Committee ejross33@yahoo.com RMLD Mark Zarrow 781-942-2353(H) RMLD 34 Boswell Road Public Safety mzarrow@comcast.net ADMINISTRATION Sharon Angstrom 942-6604(W) Town Accountant sangstrom@ci.reading.ma.us John Doherty 944-5800(W) Superintendent of Schools jdoherty@reading.k12.ma.us Gail Dowd 944-5800(W) Chief Financial Officer, Schools Gail.Dowd@reading.k12.ma.us Bob LeLacheur 942-6636(W) Town Manager blelacheur@ci.reading.ma.us 942-9805(H) Office of the Town Manager 781-942-9043 16 Lowell Street townmanager@ci.reading.ma.us Reading, MA 01867 www.readingma.gov/town-manager To: FINCOM Copy: Select Board School Committee Board of Library Trustees From: Robert W. LeLacheur, Jr. CFA Date: August 12, 2021 RE: draft work for the 8/31 Financial Forum Good afternoon, stth In preparation for the August 31 Financial Forum and therefore for your meeting on August 18 where that agenda will be determined Town and School staff have updated the most recent capital improvements plan (CIP) a bit earlier than usual. The CIP last approved at 2020 Annual Town Meeting served as the starting point. Please find both a draft CIP and debt schedule attached. th We expect to ask to hold a Special Town Meeting on September 27, and the Warrant for such a meeting st would need to be closed by the Select Board also on August 31. A draft Warrant is attached. For purposes of closing the Warrant, the Board does not need exact financial details on specific items, including debt st amounts, which will be discussed below and again on August 31. Those exact details are generally provided to Town Meeting members in the Warrant Report, and could be shown as late as when a motion is introduced on Town Meeting floor. Below is a list of suggested changes to the capital plan included in the attached CIP. Note that it is balanced against projected revenues at a level above your 5% policy level, as previously discussed although the period of time to fund at 5.5% has been extended a couple of years through FY26. Also note that this draft plan does not utilize any one-time federal funds which are coming to the Town in the next 18 months (about $1.7 million is in hand, final amounts as high as $7.6 million might be seen). st that have not yet been discussed as specific capital projects to be considered. and April 22 Town Meetings should be target dates for this aspect of future capital spending. Note that funding. Projects Discussed at several public meetings but Not Funded in the CIP, and no cost estimates exist Two changes are made to this list since May 2021: the Wood End Field has been removed to the next list below, because the School Committee has voted to discard expansion to the Wood End ES as a possible solution to the need for additional space; and the scope of work in a new DPW garage has changed with the elimination of Camp Curtis as a possible regional garage. NOT FUNDED: Projects that have no total cost estimates yet 6. Killam Building project TBD Excluded Debt - Killam Field improve, drainage, repaving ($350k HOLD for ESS project) 7. Community Center TBA Excluded Debt if >$5mil 8. DPW Bldg improvements (scope changed) Projects Discussed at several public meetings, but Not Funded, costs listed below are estimated The most recent approved April 2020 CIP listed $7.1 million of future athletic/recreation work as identified but not funded. The updated CIP changes that to over $10 million of Birch Meadow projects based on recent work discussed at public meetings, plus over $3 million in other projects around town. Specifically, for the work at Birch Meadow, I have listed the order of possible projects to begin with infrastructure costs (such as parking and field work) before adding new features that will attract more usage, but FINCOM and others should have that discussion. NOT FUNDED: costs below estimated 1. RMHS Ropes course $325k 2. RMHS Fieldhouse floor/bleachers $1.7 mil 3. Wood End Field repairs $325k 4. Artificial Turf@Parker MS (replace) $0.8 mil (old estimate) Δȁ "- - ²³¤± 0« Ȩ¨³¤¬² ȃ© ±¤ ͒¤¶͒ȩȀ ȁ )¬ ¦¨ ³¨® 3³ ³¨® 0 ±ª¨¦ ͡ΓΔΏȃΔΔΏª ¡ȁ # ²³¤¤ &¨¤«£ ͡ΖΔȃΐΏΏª ¢ȁ (¨¦¦¨² & ±¬ #®²¤±µ !±¤ ͡ΐΏΏȃΐΔΏª £ȁ 3´¯¯®±³ lj '¤¤± « #¨±¢´« ³¨® ͡ΖΔΏªȃ͡ΐȁΑ¬¨« ¤ȁ 0¨¢ª«¤¡ «« #³²Ǿ 0« ¸¦±®´£Ǿ 0 ±ª¨¦ ͡ΗΏΏªȃ͡ΐȁΏ¬¨« ¥ȁ , ¢±®²²¤ 7 «« ͡ΐΏΏȃΐΔΏª ¦ȁ -®±³® &¨¤«£ ¨¬¯±®µ¤¬¤³² ͡ΕΏΏȃΘΔΏª §ȁ " ²ª¤³¡ «« #®´±³² ͡ΔΏΏȃΕΔΏª ¨ȁ "¨±¢§ -¤ £®¶ $±¨µ¤ )¬¯±®µ¤¬¤³² ͡ΑΔΏȃΓΏΏª ©ȁ 3®¥³¡ ««ȝ-´«³¨ ¯´±¯®²¤ ¤¶ ³´±¥ ¥¨¤«£ ͡ΒȁΑȃΒȁΕ¬¨« §ȁ #®®«¨£¦¤ &¨¤«£ ³´±¥ ͡ΑȁΑȃΑȁΓ ¬¨«ȁ Ȩ¨¢± ¥±®¬ ͡ΐȁΓ¬¨«ȩ 3. BM Field lighting $1.9 mil 4. Birch Mdw Complex $1.0 mil (Rec Comm TBD) 6. Artificial Turf @Coolidge MS (new) $1.4mil All of these projects (I hope) are also listed in various sections of the capital plan, but shown as not funded. Past practice has been a series of public meetings resulting in a final proposal of expenditures, approved by some volunteer board, and usually discussed by an elected board. Formal changes suggested to the FY22-FY33 Capital Improvements Plan Per Bond Counsel, the changes for FY22 and FY23 must be shown explicitly to Town Meeting under a CIP article, and those changes are listed below: General Fund FY22: +$385,000 net changes $185,000 DPW Snow holder #2 c480 2103 move up one year and add $5k $140,000 window safety film to supplement the Building Security Project budget $ 60,000 GIS flyover (move up one year to meet new State project schedule) Energy Improvements II (add $1.5mil debt) Police Station Improvements (add $1.5mil debt) FY23: net changes -$90,000 $200,000 DPW Truck #7 2008 (added) +$100,000 Lowell Street paving project (increased to $500k) +$25,000 DPW Mower TORO gang 2007 (increased to $150k) -$50,000 Fire Passenger Car #1 move out one year to FY24 -$50,000 PBC Funding (reduced from $100k) -$55,000 DPW Ford Pickup for P/F/C moved out one year to FY24 -$60,000 Adm Svc: GIS Flyover planimetrics (moved up one year to FY22) -$200,000 Birch Meadow ES site improvements (move out one year to FY24) FY24+ Various other changes made Enterprise Funds Water FY22: +$35,000 $35,000 Unidirectional flushing program (moved up three years) FY23: +$57,500 $40,000 Replace W-20 Trailer (1999) $35,000 Unidirectional flushing program (moved up three years) -$17,500 Engineering vehicle shared with Sewer moved out one year and +$12,500 for hybrid Note: Auburn Water Tank increased by $1.5 million of 20yr debt FY24+ Various changes made Enterprise Funds Sewer FY22: None FY23: -$17,500 -$17,500 Engineering vehicle shared with Water moved out one year and +$12,500 for hybrid FY24+ Various changes made Enterprise Funds Storm Water FY22: None FY23: None FY24+ Various changes made Please note that additional changes in FY24 and beyond are shown in the CIP document, with a light- yellow shading. Changes to three specific projects mentioned above are included here, and are shown as debt funded. Town Meeting will be asked to authorize each project in separate Articles at two future Town Meetings. Energy Improvements II (General Fund November 2021 Town Meeting) This so-called second phase of Performance Contracting, or energy improvements to Town and School buildings, has been in the CIP for a total of $4.5 million. Town staff is recommending about $4.75 million of improvements that will directly lead to a projected further 15% reduction of energy consumption. This follows on the heels of $5 million in energy improvements done over ten years ago. Components of this part of a phase II project are as follows: - LED Lighting upgrades $1.2 mil.; saves $150k (annual figures shown) - *Some New boilers/hot water $2.0 mil.; saves $10k - *Air-Cooled condensing unit $0.4mil.; saves $10k - Energy Mgt System upgrades $0.5 mil; saves $35k - Energy efficient motors/& drives $0.2 mil; $8.5k - Energy efficient transformers $0.2mil.; saves $10k - Building weatherization $0.2mil.; $14k - Plug load controls $5k; $0.5k *These projects were previously listed in the capital plan as stand-alone items needing to be replaced. As we contemplated the phase II project, we rolled these items into the project, and Town Meeting subsequently approved those changes in the CIP. The cost/energy savings ratio above are comparatively weak, however including them as part of the overall project is much more cost effective in terms of getting the work done, and does help the Green Communities application effort. The thinking behind increasing the project size to $6 million is to allow further community discussion on items not on the list above. We evaluated but did not select another ~$8 million of potential building improvements, and want to open the discussion to broader community projects, such as a solar rook array over a municipal parking lot. The requested September 2021 Town Meeting debt approval will allow work to be carried out in phases, so some of the Phase II work can begin this winter, and the community can continue to discuss and decide some of the work desired. Police Station Improvements (General Fund September 2021 Town Meeting) This is also shown as a $1.5 million debt authorization request. At April 2020 Town Meeting, the project was included but described as undergoing cost evaluation, and also waiting for that Town Meeting to approve a suggested organizational change to move Public Health under Public Safety as an independent department. The Police station as previously built left a large so-shed, partly to complete that project on budget and also to allow for future assessment of department/community needs. As part of the Dispatch renovation that is underway, as well as the Building Security project now completed, the building received a very thorough evaluation by Public Safety, Facilities and Technology staff. The final plan called for putting in a Training/Meeting Room into that unfinished space at a cost of $0.8 million as phase I, and then when that work is completed to renovate the existing first floor conference room into offices for Public Health, the Coalition for Prevention and Support, and our Mental Health position as phase II. Training has always been important to the department, and even during lean budget years that budget has been protected. Police Reform calls for even more training, at a time when the availability of training resources has shifted to online. A larger dedicated room in the secure section of the building will allow more in-house training to be conducted, inviting other nearby agencies to participate when space allows. This room will also serve as a Command Center during emergencies, and was called out by the Building The first-floor office location will allow full and easy public access to Health, Coalition and Mental Health staff without the need to enter the secure sections of the building. Placing these staff members together, even though they technically are in different departments, also makes a great deal of sense to foster collaboration. Water Tank project (Water Enterprise Fund September 2021 Town Meeting) Please see a recent memo from the Town Engineer that describes the cost increase of $1.5 million to this project, which has received extensive public comment. Town of Reading Engineering Division To: Select Board Robert W. LeLacheur, Jr., Town Manager From: Ryan Percival, P.E., Town Engineer Date: July 13, 2021 Re: Auburn Street Water Tank The Town has recently received an updated engineering estimate for the Auburn Street water tank project. CDM Smith put together a summary explaining the increase in cost. Below is the summary from CDM Smith along with the attached cost estimate: The original cost estimate for the Auburn Street Water Storage Tank Replacement provided to the Town of Reading in August of 2018 was for approximately $4,490,000. The most recent cost estimate, provided on June 16, 2021, was for approximately $5,870,000. Both of these estimates include construction and engineering costs. This email outlines the reasoning for the approximate $1,380,000 increase in cost. $390,000 New Storage Tank: o The quote we received from Statewide Aquastore in August of 2018 was $2,900,000. The most r is $3,290,000. This cost increase is due to steel cost increases, particularly from the COVID-19 pandemic, and inflation over 3 years due to the project delay. Our construction estimators have noticed steel cost increases on the order of 15 to 20% due to the pandemic. $300,000 Demolition of Existing Tank, Foundation, and Other Structures: o As previously noted, the cost of steel has fluctuated drastically over the past several years, which has also affected the resale price of steel for demolition contractors. This factor coupled with inflation over 3 years due to the project delay, accounts for the increase in demolition costs noted. $150,000 Soil Excavation and Disposal, Clearing and Grubbing o The increase in soil excavation and disposal costs is due to project delays and expanding soil excavation limits. The original excavation area was smaller and clearing and grubbing was limited to specific trees, but during the design review processes the soil excavation and clearing and grubbing limits were expanded to encompass the entire site. $50,000 Water Main Work o The original design presented in 2018 included minimal water main work in Auburn Street, to Page 1 of 2 ductile iron water main, and this will allow for an ideal pathway for water to/from the Auburn Street Tank out to Beacon Street. $50,000 Weston & Sampson Engineering Costs o Our engineering costs increased due to additional review processes and design modifications. $440,000 Contingency and Weston & Sampson CARR Costs o construction subtotal increased as it was based on a percentage of the construction subtotal). o The estimate for Weston & Sampson CA/RR costs are also based on a percentage of the construction cost estimate, and so this cost increased as well. An additional component that has the potential to increase the cost further is if a steel floor is required with the new tank. This would add $126,500 to the overall project cost, and includes contingencies. This change to the floor may be required due to building code changes, but the timeframe is uncertain. Page 2 - 77,00015,000 90,000 600,000 297,500 385,000 247,500 (880,000) 2,621,000 1,757,500 1,360,000 1,545,000 5,286,000 4,925,500 1,475,000 7,225,000 2,433,000 27,274,500 58,787,127 28,580,103 30,207,023 30,207,000 27,274,500 FY21-30 # --- 5.00% 50,00010,00025,00030,000 185,000175,000320,000312,000100,000850,000946,400 2,057,000 7,166,357 6,219,9576,225,0002,057,0004,168,000 15,698,500 FY-2033 ---- 5.00% 50,00010,00025,00047,500 160,000150,000385,000100,000825,000 1,752,500 6,991,568 1,921,700 5,069,8685,075,0001,752,5003,322,500 11,530,500 FY-2032 ----- 5.00% 50,00010,00025,000 160,000150,000465,000100,000800,000 1,760,000 6,821,042 1,977,000 4,844,0424,850,0001,760,0003,090,0008,208,000 FY-2031 ---- 4.99% 50,00010,00025,000 160,000150,000315,000100,000775,000 1,040,000 2,625,000 6,654,675 2,547,000 4,107,6754,100,0002,625,0001,475,0005,118,000 FY-2030 --- 4.99% 50,00010,00025,00045,000 160,000150,000335,000355,000200,000750,000 2,080,000 6,492,366 2,628,000 3,864,3663,850,0002,080,0001,770,0003,643,000 FY-2029 ---- 5.00% 95,00010,000 160,000125,000385,000496,000156,000200,000725,000 2,352,000 6,334,015 2,703,700 3,630,3153,625,0002,352,0001,273,0001,873,000 FY-2028 --- 4.99% 10,00025,000 210,000135,000125,000470,000215,000560,000200,000700,000 600,000600,000 2,650,000 6,179,527 2,919,800 3,259,7273,250,0002,650,000 FY-2027 -- - - 5.42% 50,000 10,000 77,500 135,000 125,000 600,000 360,000 145,000 150,000 675,000 510,500 1,208,000 3,535,500 6,028,807 3,000,900 3,027,907 3,025,000 3,535,500 FY-2026 -- - - - - 5.43% 10,000 25,000 581,000 177,500 125,000 900,000 269,000 100,000 650,000 512,500 2,837,500 5,881,763 3,553,388 2,328,375 2,325,000 2,837,500 FY-2025 - - - - 5.46% 12,00010,000 25,000 40,000 495,000 140,000 100,000 138,000 721,000 300,000 625,000 506,000 2,606,000 5,595,803 3,507,844 2,087,959 2,100,000 2,606,000 FY-2024 ----- 5.50% 50,00015,00010,00025,000 110,000100,000395,000399,000100,000 529,000 1,125,000 2,329,0005,404,814 3,618,951 1,785,8631,800,0002,329,000 FY-2023 NOT FUNDED: Projects that have no total cost estimates yet 6. Killam Building project TBD Excluded Debt - Killam Field improve, drainage, repaving ($350k HOLD for ESS project)7. Community Center TBA Excluded Debt if >$5mil8. DPW Bldg improvements (scope changed) ----- 5.68% 10,000 690,000 365,000 160,000 115,000 110,000 505,000 100,000 600,000 375,000 385,000 1,300,0003,955,0005,212,373 1,963,844 3,248,5293,195,0003,955,000 FY-2022 --- 4.44% 50,00015,00090,00025,000 350,000 215,000 200,000 322,000 437,500 600,000 247,500 (880,000) 2,304,500 5,002,983 2,136,676 2,866,307 2,937,000 2,304,500 FY-2021 --- 6.41% 15,00075,000 393,000210,000 100,000 941,000 507,500 365,000 600,000 1,440,000 4,646,500 4,957,297 1,522,8033,434,494 2,599,500 2,232,000 4,646,500 FY-2020 - Net Included Debt 8/12/2021 11:35 TOTAL CAPITAL REQUESTSNOT FUNDED: costs below estimated Δȁ "- - ²³¤± 0« Ȩ¨³¤¬² ȃ© ±¤ ͒¤¶͒ȩȀ ȁ )¬ ¦¨ ³¨® 3³ ³¨® 0 ±ª¨¦ ͡ΓΔΏȃΔΔΏª ¡ȁ # ²³¤¤ &¨¤«£ ͡ΖΔȃΐΏΏª ¢ȁ (¨¦¦¨² & ±¬ #®²¤±µ !±¤ ͡ΐΏΏȃΐΔΏª £ȁ 3´¯¯®±³ lj '¤¤± « #¨±¢´« ³¨® ͡ΖΔΏªȃ͡ΐȁΑ¬¨« ¤ȁ 0¨¢ª«¤¡ «« #³²Ǿ 0« ¸¦±®´£Ǿ 0 ±ª¨¦ ͡ΗΏΏªȃ͡ΐȁΏ¬¨« ¥ȁ , ¢±®²²¤ 7 «« ͡ΐΏΏȃΐΔΏª ¦ȁ -®±³® &¨¤«£ ¨¬¯±®µ¤¬¤³² ͡ΕΏΏȃΘΔΏª §ȁ " ²ª¤³¡ «« #®´±³² ͡ΔΏΏȃΕΔΏª ¨ȁ "¨±¢§ -¤ £®¶ $±¨µ¤ )¬¯±®µ¤¬¤³² ͡ΑΔΏȃΓΏΏª ©ȁ 3®¥³¡ ««ȝ-´«³¨ ¯´±¯®²¤ ¤¶ ³´±¥ ¥¨¤«£ ͡ΒȁΑȃΒȁΕ¬¨« §ȁ #®®«¨£¦¤ &¨¤«£ ³´±¥ ͡ΑȁΑȃΑȁΓ ¬¨«ȁ Ȩ¨¢± ¥±®¬ ͡ΐȁΓ¬¨«ȩ Facilities - General/COREFacilities - School BuildingsFacilities - Town BuildingsPublic Schools - GeneralAdministrative ServicesFinancePublic LibraryPublic ServicesPublic Safety - Fire/EMSPublic Safety - Police/DispatchPublic Works - EquipmentPublic Works - Parks & CemeteryPublic Works - RoadsFINCOM policy: 5% debt + capitalFINCOM Target Capital Funding Original Funding Voted or ProposedAdditional temp funding Emergency cuts Additional Funding Sept TM Additional Funding Nov TMAdditional Funding April TM TOTAL CAPITAL REQUESTSCapital & Debt PolicyAnnual Surplus (Deficit)Cumulative Surplus (Deficit)1. RMHS Ropes course $325k2. RMHS Fieldhouse floor/bleachers $1.7 mil3. Wood End Field repairs $325k (moved from NOT FUNDED list shown on right:4. Artificial Turf@Parker MS (replace) $0.8 mil (old estimate)3. BM Field lighting $1.9 mil4. Birch Mdw Complex $1.0 mil (Rec Comm TBD)6. Artificial Turf @Coolidge MS (new) $1.4mil incr $1.5milnewnewnewmove out 1yrremove reduce $50kmove out?move out?move out?move out? - - - - - - - - - - - - - - - - - - - - - - - - - 45,000 45,000 45,000 45,000 45,000 45,000 36,00025,000 300,000 140,000 500,000 250,000 250,000 250,000 150,000 450,000 2,621,000 1,250,000 FY21-30 50,000 50,000 Debtna DebtnaDebtnaDebtna FY-2033 50,000 50,000 Debtna DebtnaDebtnaDebtnaDebtnaDebtna FY-2032 50,000 50,000 Debtna DebtnaDebtnaDebtnaDebtnaDebtna FY-2031 50,000 50,000 DebtDebt Debtna DebtnaDebtnaDebtnaDebtnaDebtna FY-2030 50,000 50,000 DebtDebt Debtna DebtnaDebtnaDebtnaDebtnaDebtna FY-2029 95,000 50,000 45,000 DebtDebt Debtna DebtnaDebtnaDebtnaDebtnaDebtna FY-2028 50,00045,000 45,000 45,000 25,000 210,000 DebtDebtDebt Debtna DebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtna FY-2027 50,000 50,000 DebtDebtDebt Debtna DebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtna FY-2026 50,00045,000 36,000 581,000 450,000 DebtDebtDebtDebt xDebt Debtna DebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtna FY-2025 50,00045,000 495,000 250,000150,000 DebtDebtDebtDebtDebtDebt xDebtxDebtxDebt Debtna DebtnaDebtnaDebtnaDebtna FY-2024 50,000 50,000 DebtDebtDebtDebtDebtDebt xDebtxDebtxDebt Debtna DebtnaDebtnaDebtnaDebtna FY-2023 50,000 690,000 140,000250,000250,000 DebtDebtDebtDebtDebtDebtDebt xDebtxDebtxDebt FY-2022 50,000 350,000 300,000 DebtDebtDebtDebtDebtDebtDebtDebt xDebtxDebtxDebt w/ surplusw/ surplus FY-2021 40,000 150,000 DebtDebtDebtDebtDebtDebtDebtDebtDebt xDebtxDebtxDebt 1,440,000 1,250,000 FY-2020 Legend: xDebt has been approved by the voters as excluded from the Prop 2-1/2 levy; debtni has been authorized by Town Meeting but not yet issued; debtna has not yet been authorized by Town Meeting 8/12/2021 11:35 Facilities - CORE Energy (Performance Contract) $4.95mil debt Energy Improvements II OPM/DesignEnergy Improvements II $6.0mil/15yr Energy (Green Repairs) $1.05mil debtBldg Security - $4.0mil debtBldg Sec. - window film (schools)Permanent Bld CommitteeRMHS Building project ~$55mil debtRMHS Bldg proj - $6 mil Litig. some debtRMHS Retaining Wall - $0.5mil debtRMHS Turf 2 - $2.225 mil debtRMHS Stadium OPM/Design RMHS Stadium Turf/Track $3 mil/10yrRMHS Fldhouse floor/bleachers $1.7 mil TBD debt ($175K design; $1.3mil project)Parker MS roof project OPM/design Parker MS Roofing project $2.7mil/10yrCoolidge MS roof project designCoolidge MS Roofing project $2.9mil/10yrBirch Meadow ES roof project designBirch Meadow ES Roofing project $1.5mil/10yr Modular Classrooms $1.2m debt Elementary School SpaceKillam Building project TBD xDebt Barrows/Wd End Bldg projects $0.8mil debtBarrows/Wd End Bldg projects debt Birch Meadow Roofing project $1.5 mil/10yr Library Building project $18.4 mil debt Police Sta. project part 1 $700k/5yrPolice Sta project part 2 $800k/5yrTown Hall Roofing project $450kMain St. Fire Sta Roofing project $225kCommunity Center TBA xDebt if >$5milDPW Bldg project TBDElectrician Van Ford E350 Econoline (2014)Carpenter's Pickup Ford F-350 (2013)Carpenter's Cut-away Van (2017)Plumber's Cut-away Van (2017)Pickup Truck Chevy 2500HD (2016)Van E350 Econoline (2006)Bob Cat skid steerBobcat Skid - snowplow (2008)Bobcat Utility - snowplow (2013) remove?reduce $25kmove up to Sept/Novreduce $25k - - - - - - - - - - - - - - 77,000 12,000 25,000 25,000 15,000 15,000 15,000 42,500 30,000 50,000 60,000 90,000 90,000 50,000 50,000 40,000 25,000 210,000 200,000 100,000 600,000 600,000 240,000 1,757,500 1,225,000 1,360,000 1,200,000 1,545,000 FY21-30 - - - 10,000 10,000 10,000 25,000 25,000 185,000 175,000 175,000 175,000 FY-2033 - - - 10,000 10,000 10,000 25,000 25,000 160,000 150,000 150,000 150,000 Debtna FY-2032 - - - 10,000 10,000 10,000 25,000 25,000 160,000 150,000 150,000 150,000 Debtna FY-2031 - - - 10,000 10,000 10,000 25,000 25,000 160,000 150,000 150,000 150,000 Debtna FY-2030 - - - 10,000 10,000 10,000 25,000 25,000 160,000 150,000 150,000 150,000 Debtna FY-2029 - - - 10,000 10,000 10,000 25,000 160,000 150,000 125,000 125,000 385,000 Debtna FY-2028 - - - 10,000 10,000 10,000 25,000 135,000 125,000 125,000 125,000 470,000 Debtna FY-2027 - - 10,000 10,000 10,000 25,000 Sturges 135,000 125,000 125,000 125,000 600,000 600,000 360,000 Debtna FY-2026 - - - Killam 42,500 10,000 10,000 10,000 25,000 25,000 177,500 125,000 125,000 125,000 Debtna FY-2025 - - 12,000 12,000 30,000 10,000 10,000 10,000 25,000 25,000 140,000 100,000 100,000 100,000 B Mdw Debtna FY-2024 - - 15,000 15,000 10,000 10,000 10,000 25,000 25,000 110,000 100,000 100,000 100,000 Debtna Mem Pk FY-2023 - - - 65,000 60,000 10,000 10,000 50,00040,000 25,000 365,000 200,000 100,000 160,000 100,000 115,000 Tot Lot FY-2022 - - 50,000 25,000 25,000 15,000 15,000 65,000 50,000 90,000 50,000 25,00015,000 215,000 100,000 200,000 100,000 100,000 Wood End FY-2021 - - - 10,000 12,000 14,000 12,000 20,000 12,000 19,000 50,000 45,000 65,000 15,000 15,000 393,000 244,000 210,000 100,000 100,000 100,000 Wood End FY-2020 8/12/2021 11:35 Buildings - Schools (Total)Barrows HVAC/Energy MgmtBirch Meadow HVAC/Energy MgmtJoshua Eaton HVAC/Energy MgmtKillam HVAC/Energy MgmtKillam Windows/DoorsWood End HVAC/Energy MgmtWood End Water HeaterCoolidge HVAC/Energy MgmtCoolidge Water HeaterParker HVAC/Energy MgmtParker Water HeaterParker Carpet/FlooringRMHS HVAC/Energy MgmtBuildings - Town (Total)Police Station Water HeaterSchools - GeneralAdministrative ServicesFinanceFinancial SystemLibraryPublic Services Γȁ "- - ²³¤± 0« Ȩ®¤ ±¤ ¸¤³ ¥´£¤£ ȃ 4"$ȩ Food Service Van E-250 (2014)Driver's Education Vehicle (2014)Courier Vehicle (2007)District-wide Telephone systemsDesign for Technology wiring projects District-wide Technology Wiring projects District-wide Technology projectsWater Tank Town telco equip replace/relocateGIS flyover - planimetricsTechnology projectsEquipment Downtown Improvements II $2.0mil/10yrsDowntown Improvements II $5.0mil Bond Bill Downtown Energy Efficient projects Land Use planning (CC & Symonds)Sr/Community Center planning Parks & Fields space study Rehab Playgrounds Program BM Field lighting $1.9m; other $1.0m' Coolidge turf $1.4mil (Rec Comm in progress) all TBD move out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yrmove out 1yr - - - - - - 85,000 50,000 20,000 75,000 85,000 50,000 65,000 50,000 53,000 56,000 55,000 25,000 125,000 125,000 150,000 100,000 150,000 125,000 900,000 385,000 365,000 130,000 5,286,000 1,300,000 1,000,000 FY21-30 40,00050,00030,000 320,000 FY-2033 - FY-2032 - FY-2031 1,040,000 1,000,000 FY-2030 335,000 FY-2029 75,00085,000 50,000 35,00056,000 150,000 496,000 385,000 FY-2028 50,00020,00025,000 150,000 100,000 125,000 215,000 FY-2027 85,000 55,000 40,000 125,000 125,000 145,000 FY-2026 900,000 900,000 FY-2025 50,000 53,000 138,000 FY-2024 30,000 395,000 365,000 FY-2023 1,300,000 1,300,000 FY-2022 90,000 322,000 FY-2021 21,000 941,000 800,000 120,000 FY-2020 8/12/2021 11:35 ȁ )¬ ¦¨ ³¨® 3³ ³¨® 0 ±ª¨¦ ͡ΓΔΏȃΔΔΏª ¡ȁ # ²³¤¤ &¨¤«£ ͡ΖΔȃΐΏΏª ¢ȁ (¨¦¦¨² & ±¬ #®²¤±µ !±¤ ͡ΐΏΏȃΐΔΏª £ȁ 3´¯¯®±³ lj ¦¤¤± « #¨±¢´« ³¨® ͡ΖΔΏªȃ͡ΐȁΑ¬¨« ¤ȁ 0¨¢ª«¤¡ «« #³²Ǿ 0« ¸¦±®´£Ǿ 0 ±ª¨¦ ͡ΗΏΏªȃ͡ΐȁΏ¬¨« ¥ȁ , ¢±®²²¤ 7 «« ͡ΐΏΏȃΐΔΏª ¦ȁ -®±³® &¨¤«£ ¨¬¯±®µ¤¬¤³² ͡ΕΏΏȃΘΔΏª §ȁ " ²ª¤³¡ «« #®´±³² ͡ΔΏΏȃΕΔΏª ¨ȁ "¨±¢§ -¤ £®¶ $±¨µ¤ )¬¯±®µ¤¬¤³² ͡ΑΔΏȃΓΏΏª ©ȁ 3®¥³¡ ««ȝ-´«³¨ ¯´±¯®²¤ ¤¶ ³´±¥ ¥¨¤«£ ͡ΒȁΑȃΒȁΕ¬¨« §ȁ #®®«¨£¦¤ &¨¤«£ ³´±¥ ͡ΑȁΑȃΑȁΓ ¬¨«ȁ Public Safety - Fire/EMS Artificial Turf@Parker MS (replace) moved $800k to TBDBarrows Tennis court repairsBarrows Basketball court repairsBarrows Replace backstop & repair infieldKillam Field improve, drainage, repaving ($350k) held for Killam project decisionWood End Field Repairs ($325k - not yet funded TBD)(*) below indicates $950k in state bond bill details TBA ($805k identified below)*Wash Pk:Replace backstop & shift field*Wash Pk:Walking Paths*Mem Pk: Replace Band Stand*Mem Pk:Court resurface*Symonds:Replace backstop*Hunt Pk:Replace backstopSturges Pk:Tennis court repairsSturges Pk:Basketball court repairsSturges Pk:Backstop repairs Ladder Trk #1 (2008: $800k, next FY22)Pumper Eng #1 (2010-$525k; next FY30)Pumper Eng #2 (2007-$410k; next FY25)Pumper Eng #3 (2016 $630k; next FY36)Pumper Eng #4 (2020 $800k; next FY40)Ambulance #1 (2017- 10 yrs)Ambulance #2 (2010 - 10yrs)Ambulance equipment Passenger Car#1 (2005 - 10yrs) Passenger Car#2 (2007 - 10yrs) Passenger Car#3 (2018 - 10yrs) Pickup Truck #2 (2012 - 12yrs) Alarm Truck (1994 - 20yrs)ALS Defibrillator (2019 - 7yrs)BLS AEDs (2020-8yrs) move out 2yrs new (+2yrs DPW)new (+1yr DPW)new (+2yrs DPW)inc $10kinc $10knew (+1yr DPW)new (+1yr DPW) - - - - - - - - - - 62,000 30,000 20,000 60,000 75,000 35,000 25,000 70,000 65,000 60,000 40,000 60,000 55,000 60,000 62,000 60,000 67,000 295,000 360,000 297,500 127,500 110,000 230,000 235,000 220,000 215,000 200,000 200,000 200,000 200,000 200,000 4,925,500 2,035,000 FY21-30 - 30,000 30,000 62,000 200,000 312,000312,000 250,000 FY-2033 - 47,500 47,500 75,000 385,000320,000 245,000 FY-2032 - 60,000 70,000 70,000 465,000300,000 240,000 FY-2031 - 40,000 60,000 60,000 315,000235,000 235,000 FY-2030 60,000 45,000 45,000 40,000 40,000 275,000 355,000230,000 230,000 FY-2029 - 20,000 70,000 70,000 62,000 156,000 FY-2028 25,000 25,000 60,000 190,000 560,000220,000 220,000 110,000 FY-2027 20,000 30,000 77,500 42,500 35,000 62,000 60,000 67,000 815,000 215,000 200,000 200,000 200,000 189,000 1,208,000 FY-2026 - - 65,000 65,000 269,000 FY-2025 35,000 40,000 40,000 55,000 60,000 721,000 400,000 200,000 200,000 170,000 FY-2024 --- 399,000 FY-2023 -- 110,000 110,000 505,000 FY-2022 --- 62,000 170,000 437,500 FY-2021 -- 37,500 20,000 507,500 450,000 365,000 FY-2020 Life 8/12/2021 11:35 Public Safety - Police/DispatchPublic Works - Equipment Breathing Apparatus (2017-12yrs)Breathing Air CompressorBreathing Air BottlesCPR Compression DeviceThermal Imaging (2018 - 10yrs)Fire HoseTurnout Gear (2014 - 6yrs)Police Unmarked Vehicle Police equipment (tasers)Vehicle Video IntegrationRadios (Police & Fire 2010 - 12yrs)AEDs Large Trucks C-03 Dump Truck C3 (2016)C-04 Dump Truck C2 (2012)H-05 Small Dump Truck #7 (2012)H-06 Aerial Pickup Truck #14 (2017)H-07 Truck #10 (2018)H-08 Truck #9 - Sander (2017)H-09 Truck #8 - 10 wheeler (2016)H-10 Truck #22 -Sander (2015)H-11 Truck #4 - Sander (2014)H-12 Truck #16 - Sander (2011)H-14 Truck #3 - Sander (2010)H-15 Truck #5 (2008)H-16 Truck # 7 (2008)H-17 Truck # 11 (2008)H-18 Truck #19 - Sander (2007)H-19 Truck #18 - Sander (2006)P-03 Dump truck #24 Parks (2017)P-04 Dump truck #12 Parks (2015)Pick-ups/Cars/Vans C-02 Pickup Ford Utility #C1 (2014)C-06 Cem. #4 Ford Sedan (2006)CAR 1 Ford Escape (2016)CAR 2 Car #3 Ford Escape HYBRID (2008)E-01 Chevy Traverse (2019)F-02 Pickup Chevy #9 Parks (2011)H-01 Pickup #16 (2015)H-02 Pickup #18 (2006)H-03 Pickup #4 (2020)H-04 Pickup Ford Utility #11 (2014) move out 1yr remove - - - - - - - - - - - - - - - - - - - - -- incr $5k move up 1yr 62,000 50,000 55,000 85,000 50,000 30,000 20,000 10,000 80,000 57,500 25,000 190,000 275,000 210,000 111,000 180,000 180,000 185,000 FY21-30 --- FY-2033 -- 55,000 FY-2032 -- 95,000 25,000 50,000 20,000 FY-2031 -- 20,000 20,000 FY-2030 - 50,000 50,000 10,000 10,000 FY-2029 --- 62,000 FY-2028 -- 50,000 80,000 30,000 FY-2027 - - 180,000 180,000 FY-2026 - - 180,000 180,000 FY-2025 50k - 55,000 16,000 111,000 111,000 FY-2024 - 39,000 210,000 210,000 FY-2023 - 35,000 460,000 275,000 185,000 FY-2022 - 85,000 80,000 57,500 25,000 275,000 190,000 162,500 FY-2021 - 25,000 25,000 340,000 125,000 215,000 FY-2020 8/12/2021 11:35 M-02 Pickup #1 (2020)PFC-01 Ford Escape (2017)P-02 Pickup Ford #2 Parks (2015)Pickup for P/F/C Supervisor Small Dump Truck #7 (2012)Backhoes/Loaders/Heavy Equipment C-07 Backhoe Loader (2020)H-20 Loader JD 624 (2020)H-21 Loader JD 624 (2017)H-22 Backhoe JD 710L HWY (2020)H-23 Bobcat Loader (2015)P-05 Ventrac tractor (2020)P-06 Tractor JD4520 (Parks) (2012)Specialty Equipment - Heavy Duty F-04 Bucket Truck #21 Forestry (2009)F-05 Chipper/LoaderTruck #23 (2008)H-24 Forklift (2016)H-25 Crawler Dozer (2003)H-26 Snow Primoth SW4S (2016)H-27 Snow Trackless (2015)H-28 Snow Holder #1 c992 (2015)H-29 Snow Holder #2 c480 (2013)H-31 Leeboy Pavement Sprd (2014)H-32 Hamm Roller, Large (2014)H-33 Hamm Roller, Small (2016)H-34 Leeboy Roller, Small (1998)H-41 Screener (2018)W-23 Sicard HD Snowblower (1999)Specialty Equipment - Light Duty C-14 SmithCo 48" Sweeper (2012)C-15 SKAG Leaf Vac (Cem) (2015)C-16 Carmate Trailer (2019)C-17 Big Tex Trailer (2013)F-06 Vemeer Chipper (2018)F-08 Stump Grinder new (2021) (replace 20 yrs)F-09 Trailer Dump Trailer (2015)F-10 Truck Mount Sprayer 500gal (2015)H-35 Tack Machine for Paving (2004)H-36 Curb-builder for Paving (2010)H-37 HotBox for Paving (2020)H-38 Cement Mixer Tow Behind (2005)H-39 Mobile Compressor (1) (2019)H-40 Mobile Compressor (2) (2020)H-42 Trailer (2012) incr $25kincr $100k move out 1yrmove out 1yrnew - - - - - - - - - - - 35,000 40,000 15,000 10,000 16,000 24,000 24,000 12,500 24,000 12,500 34,000 24,000 150,000 150,000 475,000 200,000 100,000 100,000 100,000 450,000 500,000 1,125,000 1,225,000 4,375,000 7,225,000 6,000,000 13,225,000 FY21-30 - 50,00050,000 100,000 175,000 175,000 500,000 850,000 600,000 1,450,000 FY-2033 30,00025,000 10,000 10,000 50,00050,000 100,000 150,000 175,000 500,000 825,000 600,000 1,425,000 FY-2032 - 50,00050,000 100,000 150,000 175,000 475,000 800,000 600,000 1,400,000 FY-2031 - 50,00050,000 100,000 150,000 150,000 475,000 775,000 600,000 1,375,000 FY-2030 25,000 12,500 12,500 50,00050,000 200,000 100,000 125,000 150,000 475,000 750,000 600,000 1,350,000 FY-2029 24,000 24,00050,00050,000 200,000 100,000 125,000 150,000 450,000 725,000 600,000 1,325,000 FY-2028 40,00010,000 50,00050,000 150,000 150,000 200,000 100,000 125,000 125,000 450,000 700,000 600,000 1,300,000 FY-2027 24,000 24,000 50,000 50,000 50,000 150,000 100,000 125,000 450,000 675,000 600,000 1,275,000 FY-2026 24,000 24,000 50,000 50,000 100,000 100,000 125,000 425,000 650,000 600,000 Debt 1,250,000 FY-2025 16,000 24,000 24,000 50,000 50,000 300,000 200,000 100,000 100,000 425,000 625,000 600,000 Debt 1,225,000 B Meadow FY-2024 15,000 24,000 50,00050,000 150,000 150,000 100,000 100,000 100,000 500,000425,000600,000 Debt 1,125,000 1,725,000 FY-2023 35,000 10,000 10,000 50,00050,000 100,000 100,000 100,000 400,000 600,000 600,000 Debt 1,200,000 FY-2022 - 25,000 25,000 100,000 100,000 400,000 600,000 600,000 Debt 1,200,000 FY-2021 - 75,000 25,00050,000 100,000 100,000 400,000 600,000 600,000 Debt 1,200,000 FY-2020 grant funded 8/12/2021 11:35 DPW: Parks & CemeteryDPW: Roads TOTAL ROAD CAPITAL H-43 Trailer, Roller (1998)H-44 Eager beaver Trailer #2 (1996)P-11 Smithco SuperStar (2016)P-12 Smithco 60 Turf Sweeper (2016)P-13 Sweeper/Blower/Mower (1985)P-14 Leaf Vac SKAG (2016)P-15 Trailer (2016)P-16 Trailer (2013)P-17 Trailer (stump grinder)P-18 Trailer Enclosed (2007)Lawnmowers C-08 Mwr SKAG TT #2 (2017)C-09 Mwr (Cem.) SKAG 48" (2016)C-10 Mower SKAG 61" (2008)C-11 Mwr (Cem.) Scag 52" Stander (2021)C-12 Mwr SKAG 36" (2012)C-13 Mwr SKAG TT 61" #3 (2011)P-07 Mwr SKAG TT #5 (2017)P-08 Mwr SKAGP-09 Mwr (Pks) TORO 5910N (2014)P-10 Mower - TORO Gang (2007)Gen'l Fence Replacement DPW Yard ImprovementsSchool Site Improvements(parking lots, sidewalks, walkways)Town Rock Wall Assessment Rock Wall repairs - Laurel HillRock Wall repairs - Memorial ParkRock Wall repairs - Joshua Eaton Gen'l Parking Lot Improvements Track Road Bridge(s)Sidewalk/Curb/Ped. SafetySkim Coating & Crack Seal PatchWest Street - Local shr ($1.3mil)Lowell Street $500k General Fund - various roadsTOTAL GENL FUND VOTED - ROADS Grants - various roads 00 00 0 00 0 00 0 0 0 0000 0 00 0 FY - 2038 Projected 0000 0 0000 0 00 16,000 16,000 416,000400,000 400,000 416,000416,000 416,000 416,000 FY - 2037 Projected 0000 0 0000 0 00 32,000 32,000 432,000400,000 400,000 432,000432,000 432,000 432,000 FY - 2036 Projected 0000 0 0000 0 00 48,000 48,000 448,000400,000 400,000 448,000448,000 448,000 448,000 FY - 2035 Projected 0000 0 000 0 00 77,200 77,200 917,200840,000 840,000 917,200917,200 464,000453,200 917,200 FY - 2034 Projected 0000 0 000 0 00 946,400840,000 840,000 106,400 106,400 946,400946,400 480,000466,400 946,400 FY - 2033 Projected 000 0 0 0 00 161,700 161,700587,100496,000153,000206,000 FY - 2032 Projected 1,921,7001,760,000 1,760,000 1,921,7001,921,700 1,066,700 1,334,600 000 0 0 0 00 217,000 217,000604,200512,000156,000212,000 FY - 2031 Projected 1,977,0001,760,000 1,760,000 1,977,0001,977,000 1,097,000 1,372,800 00 0 0 0 00 282,400 282,400515,100621,300885,000159,000218,000 FY - 2030 Projected 2,547,4002,265,000 2,265,000 2,547,4002,547,400 1,285,400 1,411,000 00 0 0 0 00 358,000 358,000540,400638,400915,000162,000224,000 FY - 2029 Projected 2,628,0002,270,000 2,270,000 2,628,0002,628,000 1,327,000 1,449,200 00 0 0 0 00 433,700 433,700560,800655,500945,000165,000230,000 FY - 2028 Projected 2,703,7002,270,000 2,270,000 2,703,7002,703,700 1,363,700 1,487,400 00 0 0 0 00 514,800 514,800721,600672,600975,000168,000236,000 FY - 2027 Projected 2,919,8002,405,000 2,405,000 2,919,8002,919,800 1,540,800 1,525,600 00 0 0 0 00 595,900 595,900747,400689,700171,000242,000 FY - 2026 Projected 3,000,9002,405,000 2,405,000 3,000,9003,000,900 1,005,0001,582,900 1,563,800 0 44,700 733,088 688,388706,800174,000383,200 FY - 2025 Projected 4,833,0884,100,000 2,865,0001,235,000 3,553,388 1,244,588 1,279,700 1,279,700 3,553,388 1,371,1881,625,000 1,279,700 1,279,700 1,602,000 813,956 655,644158,312723,900177,000394,400 FY - 2024 6,193,9565,380,000 2,852,2002,527,800 3,507,844 1,728,944 2,686,112 2,686,112 3,507,844 1,418,4561,517,988 2,686,112 1,357,0121,329,100 Projected 1,055,000 753,951258,582741,000180,000404,300 6,351,5335,339,000 2,865,0002,474,000 1,012,5333,618,951 1,797,951 2,732,582 2,732,582 3,618,951 1,460,4131,574,238 2,732,582 1,364,0821,368,500 FY - 2023 Projected 1,080,000 00 0 670,726 313,844356,882950,956864,688148,200 4,755,7264,085,000 1,650,0002,435,000 1,963,844 1,963,844 2,791,882 2,791,882 1,963,8442,791,882 1,383,9821,407,900 FY - 2022 Requested 00 0 829,858 376,676453,182984,148152,100 4,984,8584,155,000 1,760,0002,395,000 2,136,676 2,136,676 2,848,182 2,848,182 2,136,676 1,000,428 2,848,182 1,400,8821,447,300 FY - 2021 Approved 00 0 825,285 277,803547,482548,816817,987156,000 4,425,2853,600,000 1,245,0002,355,000 1,522,803 1,522,803 2,902,482 2,902,482 1,522,8032,902,482 1,415,7821,486,700 FY - 2020 Approved IssuedIssued 8/12/21 12:17 Town BuildingsTown Buildings School BuildingsSchool Buildings Excluded DebtExcluded Debt Within Levy LimitWithin Levy Limit Not yet approved (NYA)Not yet approved (NYA) General Fund: Excluded Debt Community ImprovementsCommunity Improvements Approved not issued (ANI)Approved not issued (ANI) Energy/Safety ImprovementsEnergy/Safety Improvements Within Levy Limit Town of ReadingDebt Service SchedulePrincipalInterestDebt SummaryInside Tax LevyExcluded From Tax Levy 0 00 0 0 0 FY - 2038 Projected 00 0 0 416,000 416,000416,000 FY - 2037 Projected 00 0 0 432,000 432,000432,000 FY - 2036 Projected 00 0 0 448,000 448,000448,000 FY - 2035 Projected 00 0 0 917,200 917,200464,000298,700154,500 FY - 2034 Projected 00 0 0 946,400 946,400480,000307,400159,000 FY - 2033 Projected 0 0 0 587,100 496,000309,000278,100316,100163,500153,000206,000 FY - 2032 Projected 1,921,700 1,334,600 0 0 0 604,200 512,000318,000286,200324,800168,000156,000212,000 FY - 2031 Projected 1,977,000 1,372,800 0 0 515,100621,300357,000158,100 528,000327,000294,300333,500172,500159,000218,000 FY - 2030 Projected 2,547,400 1,411,000 0 0 540,400638,400371,000169,400 544,000336,000302,400342,200177,000162,000224,000 FY - 2029 Projected 2,628,000 1,449,200 0 0 560,800655,500385,000175,800 560,000345,000310,500350,900181,500165,000230,000 FY - 2028 Projected 2,703,700 1,487,400 0 0 721,600672,600399,000182,200140,400 576,000354,000318,600359,600186,000168,000236,000 FY - 2027 Projected 2,919,800 1,525,600 0 0 747,400689,700413,000188,600145,800 592,000363,000326,700368,300190,500171,000242,000 FY - 2026 Projected 3,000,900 1,563,800 706,800427,000336,188195,000151,200135,200239,700 608,000372,000334,800377,000195,000174,000248,000 FY - 2025 Projected 3,553,388 1,244,588 1,279,700 1,279,7001,040,000 1,602,000 3,952 29,94240,560 723,900446,100348,356201,400156,600153,000135,938117,208140,400249,100 624,000381,000342,900177,000254,000 FY - 2024 3,507,844 1,728,944 2,686,112 2,686,1121,312,5001,080,000 Projected 1,055,000 32,05246,88010,452 741,000460,300360,113207,800162,000159,000149,428122,958144,300258,500 640,000390,000351,000180,000260,000 3,618,951 1,797,951 2,732,582 2,732,5821,306,7501,110,000 FY - 2023 Projected 1,080,000 00 0 70,35034,65032,95249,23010,752 474,500371,456219,300167,400165,000153,628126,408148,200267,900 1,963,844 1,963,844 2,791,882 2,791,8821,324,0001,140,000 FY - 2022 Requested 00 0 73,70036,30033,85250,58011,052 491,760382,388227,940172,800102,000171,000157,828135,008152,100277,300 2,136,676 2,136,676 2,848,182 2,848,1821,339,2501,170,000 FY - 2021 Approved 00 0 35,62277,05037,95016,24934,75251,93011,352 398,194178,200106,000177,000167,178138,608156,000286,700 1,522,803 1,522,803 2,902,482 2,902,4821,352,5001,200,000 FY - 2020 Approved IssuedIssued RMHS® Barrows® Wood End®Wood End® 8/12/21 12:17 West St. $1.3 mil Barrows/Wd End®Barrows/Wd End® Killam Green Repair Library Project $10+mil RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Library Project $2.115mil Bldng Security $4mil/10yr RMHS Turf I $3.0mil/10yr Excluded Debt Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr RMHS Turf II $2.225mil/10yr Principal + Interest Energy Improv $5mil/15yr Parker MS Roof $2.7mil/10yr Energy Improv II $6.0mil/15yr Within Levy Limit Coolidge MS Roof $2.9mil/10yr Birch Mdw ES roof $1.5mil/10yr Police Sta Improve $1.5mil/10yr Town of ReadingDebt Service Schedule Ec Dev Dwntn II $2.0mil/10yr 0 00 0 0 0 FY - 2038 Projected 00 0 0 400,000 400,000400,000 FY - 2037 Projected 00 0 0 400,000 400,000400,000 FY - 2036 Projected 00 0 0 400,000 400,000400,000 FY - 2035 Projected 00 0 0 840,000 840,000400,000290,000150,000 FY - 2034 Projected 00 0 0 840,000 840,000400,000290,000150,000 FY - 2033 Projected 0 0 0 570,000 400,000300,000270,000290,000150,000150,000200,000 FY - 2032 Projected 1,760,000 1,190,000 0 0 0 570,000 400,000300,000270,000290,000150,000150,000200,000 FY - 2031 Projected 1,760,000 1,190,000 0 0 505,000570,000350,000155,000 400,000300,000270,000290,000150,000150,000200,000 FY - 2030 Projected 2,265,000 1,190,000 0 0 510,000570,000350,000160,000 400,000300,000270,000290,000150,000150,000200,000 FY - 2029 Projected 2,270,000 1,190,000 0 0 510,000570,000350,000160,000 400,000300,000270,000290,000150,000150,000200,000 FY - 2028 Projected 2,270,000 1,190,000 0 0 645,000570,000350,000160,000135,000 400,000300,000270,000290,000150,000150,000200,000 FY - 2027 Projected 2,405,000 1,190,000 0 0 645,000570,000350,000160,000135,000 400,000300,000270,000290,000150,000150,000200,000 FY - 2026 Projected 2,405,000 1,190,000 570,000350,000330,000160,000135,000130,000235,000 400,000300,000270,000290,000150,000150,000200,000 FY - 2025 Projected 2,865,000 1,105,000 1,235,000 1,235,0001,000,000 1,190,000 3,800 28,79039,000 570,000355,000330,000160,000135,000150,000130,710112,700130,000235,000 750,000400,000300,000270,000150,000200,000 FY - 2024 2,852,200 1,532,200 2,527,800 2,527,8001,250,0001,000,000 Projected 30,00044,00010,000 570,000355,000330,000160,000135,000150,000140,000115,000130,000235,000 750,000400,000300,000270,000150,000200,000 2,865,000 1,545,000 2,474,000 2,474,0001,185,0001,000,000 FY - 2023 Projected 67,00033,00030,00045,00010,000 355,000330,000165,000135,000150,000140,000115,000130,000235,000 1,650,000 1,650,000 2,435,000 2,435,0001,145,0001,000,000 FY - 2022 Requested 67,00033,00030,00045,00010,000 358,000330,000167,000135,000100,000150,000140,000120,000130,000235,000 1,760,000 1,760,000 2,395,000 2,395,0001,105,0001,000,000 FY - 2021 Approved 67,00033,00030,00045,00010,000 335,000135,000100,000150,000145,000120,000130,000235,000 1,245,000 1,245,000 2,355,000 2,355,0001,065,0001,000,000 FY - 2020 Approved IssuedIssued RMHS® Barrows® Wood End®Wood End® 8/12/21 12:17 West St. $1.3 mil Barrows/Wd End®Barrows/Wd End® Killam Green Repair Principal Library Project $10+mil RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Library Project $2.115mil Bldng Security $4mil/10yr RMHS Turf I $3.0mil/10yr Excluded Debt Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr RMHS Turf II $2.225mil/10yr Parker MS Roof $2.7mil/10yr Energy Improv II $6.0mil/15yr Within Levy Limit Coolidge MS Roof $2.9mil/10yr Energy Improvements $5mil. Birch Mdw ES roof $1.5mil/10yr Police Sta Improve $1.5mil/10yr Town of ReadingDebt Service Schedule Ec Dev Dwntn II $2.0mil/10yr 0 00 0 0 0 FY - 2038 Projected 00 0 0 16,000 16,00016,000 FY - 2037 Projected 00 0 0 32,000 32,00032,000 FY - 2036 Projected 00 0 0 48,000 48,00048,000 FY - 2035 Projected 00 0 0 8,7004,500 77,200 77,20064,000 FY - 2034 Projected 00 0 0 9,000 80,00017,400 106,400 106,400 FY - 2033 Projected 0 0 0 9,0008,1003,0006,000 17,100 96,00026,10013,500 161,700 144,600 FY - 2032 Projected 0 0 0 6,000 34,200 18,00016,20034,80018,00012,000 217,000 182,800112,000 FY - 2031 Projected 0 0 7,0003,100 9,000 10,10051,300 27,00024,30043,50022,50018,000 282,400 221,000128,000 FY - 2030 Projected 0 0 9,400 30,40068,40021,000 36,00032,40052,20027,00012,00024,000 358,000 259,200144,000 FY - 2029 Projected 0 0 50,80085,50035,00015,800 45,00040,50060,90031,50015,00030,000 433,700 297,400160,000 FY - 2028 Projected 0 0 5,400 76,60049,00022,200 54,00048,60069,60036,00018,00036,000 514,800 102,600 335,600176,000 FY - 2027 Projected 0 0 63,00028,60010,800 63,00056,70078,30040,50021,00042,000 595,900 102,400119,700 373,800192,000 FY - 2026 Projected 6,1885,200 77,00035,00016,200 44,700 44,700 72,00064,80087,00045,00024,00048,000 688,388 139,588136,800 412,000208,000 FY - 2025 Projected 3,0001,1525,2284,508 91,10018,35641,40021,60010,400 81,00072,90027,00054,000 655,644 196,744153,900 158,312 158,312 305,000224,000 FY - 2024 Projected 9,0002,0529,4287,958 30,11347,80027,00014,300 90,00081,00030,00060,000 753,951 252,951171,000105,300 258,582 258,582 330,000240,000 FY - 2023 Projected 3,3501,6502,952 41,45654,30032,40015,00013,62811,40818,200 313,844 313,844119,500 356,882 356,882 FY - 2022 Requested 6,7003,3002,0003,852 52,38860,94037,80021,00017,82815,00822,100 376,676 376,676133,760 453,182 453,182 FY - 2021 Approved 4,9506,0004,752 35,62263,19410,05016,24943,20027,00022,17818,60826,000 277,803 277,803 547,482 547,482 FY - 2020 Approved IssuedIssued Barrows® Wood End® 8/12/21 12:17 West St. $1.3 mil Barrows/Wd End® Killam Green Repair Interest Energy Improvements RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Bldng Security $4mil/10yr RMHS Turf I $3.0mil/10yr Excluded Debt Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr RMHS Turf II $2.225mil/10yr Parker MS Roof $2.7mil/10yr Energy Improv II $6.0mil/15yr Within Levy Limit Coolidge MS Roof $2.9mil/10yr Birch Mdw ES roof $1.5mil/10yr Police Sta Improve $1.5mil/10yr Town of ReadingDebt Service Schedule Ec Dev Dwntn II $2.0mil/10yr - - - - 66,00019,00019,00019,00019,00010,00040,00090,00020,00020,00030,000 225,000450,000225,000325,000117,000127,000170,000265,000240,000175,000170,000150,000 5,416,000 5,416,0002,425,000 TOTAL 31,131,609 36,547,609 FY21-41 75,000 Debt 250,000 202,000 452,000250,000 175,000 FY-2041 Debt 175,000 211,050 386,050175,000 175,000 FY-2040 Debt 175,000 215,150 390,150175,000 175,000 FY-2039 Debt 150,000 219,250 369,250150,000 150,000 FY-2038 Debt 150,000 758,950 908,950150,000 150,000 debtna FY-2037 75,00020,00020,000 Debt 630,000 778,650 630,000 150,000 265,000100,000 debtna Debtna FY-2036 1,408,650 FY37-41 hidden Debt 150,000 798,350 948,350150,000 150,000 debtna Debtna FY-2035 40,00019,00019,00019,000 Debt 222,000 818,050 222,000 125,000 debtna Debtna FY-2034 1,040,050 40,00019,000 184,000 184,000 125,000 Debt debtnadebtna Debtna 1,007,700 1,191,700 FY-2033 40,00067,00067,000 469,000 469,000 125,000170,000 Debt debtna debtani debtna Debtna 1,183,375 1,652,375 FY-2032 75,000 66,000 DebtDebtDebt 506,000 506,000 125,000240,000 debtani debtna debtani debtna Debtna FY-2031 1,692,600 2,198,600 10,000 DebtDebtDebt Capital Debt 285,000 285,000 100,000175,000 February 2021 debtani debtna debtani debtna Debtna FY-2030 1,737,000 2,022,000 Water Enterprise Fund DebtDebtDebt 100,000 100,000 100,000 debtani debtna debtani debtna Debtna FY-2029 1,784,050 1,884,050 90,000 585,000 585,000 225,000 100,000170,000 DebtDebtDebtDebt debtani debtna debtani debtna 2,186,350 2,771,350 Debtna FY-2028 100,000 100,000 100,000 DebtDebtDebtDebtDebtDebt 2,034,250 2,134,250 debtanidebtani debtna Debtna FY-2027 75,00050,000 DebtDebtDebtDebtDebtDebtDebt 125,000 125,000 debtanidebtani debtna Debtna FY-2026 2,217,525 2,342,525 Legend: DEBT (Issued); debtani (Approved, Not Issued) and debtna (not yet approved) 75,000 75,000 75,000 DebtDebtDebtDebtDebtDebtDebtDebt debtanidebtani debtna Debtna 2,490,650 2,565,650 FY-2025 35,00075,00030,000 140,000 140,000 DebtDebtDebtDebtDebtDebtDebtDebtDebt debtanidebtani debtna Debtna 2,968,800 3,108,800 FY-2024 35,00075,00040,000 150,000 150,000 DebtDebtDebtDebtDebtDebtDebtDebtDebt debtanidebtani Debtna 2,825,780 2,975,780 FY-2023 Projected ==> 85,000 85,00035,00050,000 DebtDebtDebtDebtDebtDebtDebtDebtDebtDebtDebt debtani FY-2022 2,974,349 3,059,349 Request 50,00050,00050,00060,00050,000 710,000 710,000 450,000 DebtDebtDebtDebtDebtDebtDebtDebt 2,027,730 2,737,730 FY-2021 Approved 12345689 7a13 7b 11121415 10a 10b Water Ent. Fund Capital & Debt Water CapitalWater Debt Total Capital & DebtWater CAPITALMWRA ($3.18mil partial join)MWRA ($7.8mil full join)Well Abandonment Auburn Tank $4.5 mil/20yrAuburn Tank $1.5 mil/20yr Bear Hill Storage Tank ($2.0 mil) - remove pending MWRA 2nd connection ?WM:Hvrhll&Howard ($2.05m)WM(M):loan to be usedWM(M) Ph 1 R#1 $4.012mil/10yrWM Ph 1 R#2 $1.165mil/10yrWM Ph 1 R#2 $3.106 mil/10yrWM Grove St $1.0mil/5yrsWM Gazebo $1.1mil/10yr Downtown I ($4.3mil) design WM Downtown I $2.8 mil/10yrWM(M) Downtown I $1.5mil WM Downtown II $5.2 mil/10yrWM Community $25mil Lead Removal (M) $1.5mil Replace Meters $1.65mil/10yrDPW Bldg Project/25 yrs TBA Water DistributionUnidirectional Flushing ProgramWM Lining Program SCADA Upgrade (every 5 yrs)Water Vehicles WS-01 Replace Pickup Truck #12 (2021)W-02 Replace Pickup #15 (2020)W-03 Replace Pickup Truck #3 (2021)W-05 Replace Utility Truck #5 (2016)W-06 Replace Truck #6 (2020)W-07 Replace Truck #14 (2015)W-09 Replace Crane Truck #12 (2003)W-10 Replace Cat 440 Backhoe (2019)W-11 Replace CAT 430 Backhoe (2017)W-12 Bobcat SkidsteerW-14 Trailer signboard (2018)W-15 Trailer signboard (2018)W-16 Trailer signboard (2018)W-17 Trailer signboard (2017)W-18 Trailer light tower (2014)W-19 Trailer (2007)W-20 Trailer (1999)W-21 Generator Portable (2017)W-22 Generator Tow behind (1994)W-26 Trailer signboard (2020)W-27 Trailer signboard (2020)Engineering Vehicle (split w/ Swr) - - - - - - - 40,00040,00082,80092,900 370,000772,800370,000690,000935,000931,000140,790407,275347,200223,511573,544858,000272,250 1,216,7903,277,2755,156,2891,604,8002,517,2001,027,9001,154,5112,940,5441,500,0006,058,0001,500,0001,922,2501,076,0002,870,0004,094,0001,604,8002,170,0002,367,0001,500,0005,200,0001,500,0001,650,0004 ,133,8091,135,539 TOTAL 31,131,60926,997,800 FY21-41 2,000 2,000 202,000 200,000 200,000 200,000 FY-2041 6,050 6,050 211,050 205,000 205,000 205,000 FY-2040 10,150 10,150 215,150 205,000 205,000 205,000 FY-2039 14,250 14,250 219,250 205,000 205,000 205,000 FY-2038 33,950 18,35015,600 758,950 205,000 535,600 725,000 205,000 520,000 FY-2037 53,650 22,450 31,200 778,650 205,000 551,200 725,000 205,000 520,000 FY-2036 FY37-41 hidden ------- 73,350 26,550 46,800 798,350 231,550 566,800 725,000 205,000 520,000 FY-2035 ------- 93,050 30,650 62,400 818,050 235,650 582,400 725,000 205,000 520,000 FY-2034 ------- 4,950 34,750 78,000 239,750 598,000169,950 890,000 205,000 520,000165,000 117,700 1,007,700 FY-2033 -------- 9,900 39,875 93,600 244,875 613,600 150,000 174,900 205,000 520,000 150,000 165,000 143,375 1,183,3751,040,000 FY-2032 ------ 1,8004,700 91,800 90,000 47,050 14,850 252,050 239,700 150,000 629,200 150,000 179,850 205,000 235,000 150,000 520,000 150,000 165,000 177,600 109,200 FY-2031 1,692,6001,515,000 ------ 5,850 95,850 90,000 56,275 15,275 19,800 Capital Debt 261,275 250,275 150,000 644,800 150,000 184,800 205,000 235,000 150,000 520,000 150,000 165,000 222,000 124,800 February 2021 FY-2030 1,737,0001,515,000 ------ Water Enterprise Fund 90,000 66,525 10,350 27,025 24,750 271,525 100,350 262,025 150,000 660,400 150,000 189,750 205,000 235,000 150,000 520,000 150,000 165,000 269,050 140,400 FY-2029 1,784,0501,515,000 ------ 5,250 90,000 76,775 14,850 38,775 29,700 355,250 281,775 104,850 273,775 150,000 676,000 150,000 194,700 350,000 205,000 235,000 150,000 520,000 150,000 165,000 321,350 156,000 2,186,3501,865,000 FY-2028 ------ 4,350 95,00015,82587,02512,40019,47550,525 34,650 149,350370,825292,025322,400114,475285,525150,000150,000 199,650 145,000355,000205,000310,000235,000150,000150,000 165,000 224,250 2,034,2501,810,000 FY-2027 ---- 8,700 2,300 95,00028,35097,27524,80024,22562,275 39,600 153,700388,350302,275117,300334,800119,225297,275150,000150,000 204,600 145,000360,000205,000115,000310,000235,000150,000150,000 165,000 287,525 FY-2026 2,217,5251,930,000 Legend: DEBT (Issued); debtani (Approved, Not Issued) and debtna (not yet approved) - -- 6,9003,700 95,00014,90042,75037,20028,97574,150 44,550 169,900402,750312,525121,900347,200188,700123,975314,150150,000150,000 209,550 155,000360,000205,000115,000310,000185,000240,000150,000150,000 165,000 360,650 107,525 2,490,6502,130,000 FY-2025 - -- 95,00021,10057,15011,50049,60011,10033,72586,150 49,500 176,100417,150322,775401,200126,500359,600196,100128,725326,150150,000150,000 214,500 155,000360,000205,000401,200115,000310,000185,000240,000150,000150,000 165,000 437,600 117,775 2,968,8002,531,200 FY-2024 - -- 95,00025,78071,55016,10062,00018,50038,47598,150 181,780431,550333,025401,200131,100372,000203,500133,475338,150150,000150,000156,000360,000205,000401,200115,000310,000185,000240,000150,000150,000 458,580 128,025 2,825,7802,367,200 FY-2023 Projected ==> ---- 20,00020,00096,00030,58085,95020,70074,40026,00045,786 190,580445,950350,214185,000401,200135,700384,400216,000141,786353,519150,000160,000360,000204,000185,000401,200115,000310,000190,000237,000150,000546,149146,214116,519 FY-2022 2,974,3492,428,200 Request ---- 20,00020,000 35,38025,30086,80033,600 195,380465,450185,000401,200140,300396,800223,600160,000 365,000 185,000401,200115,000310,000190,000 281,530100,450 2,027,7301,746,200 FY-2021 Approved 123456891234568912345689 7a 1112 137a 1112 137a 1112 13 7b7b7b 141514151415 10a10a10a 10b10b10b Water DEBT Water Ent. Fund Capital & DebtJoin MWRA(partial $3.18m)Join MWRA(full $7.8m) ®Auburn Tank $4.5 mil/20yrWM:Hvrhll&Howard ($2.05m)WM(M):loan to be usedWM(M) Ph 1 R#1 $4.012mil/10yrWM Ph 1 R#2 $1.165mil/10yrWM Ph 1 R#2 $3.106 mil/10yrWM Grove St $1.0mil/5yrsWM Gazebo $1.1mil/10yrWM Downtown I $2.8 mil/10yrWM(M) Downtown I $1.5mil WM Downtown II $5.2 mil/10yrWM Community $25mil Lead Removal (M) $1.5mil Replace Meters $1.65mil/10yrDPW Bldg Project/25 yrs TBA Repayment of Principal:Join MWRA(partial $3.18m)Join MWRA(full $7.8m) ®Auburn Tank $4.5 mil/20yrWM:Hvrhll&Howa rd ($2.05m)WM(M):loan to be usedWM(M) Ph 1 R#1 $4.012mil/10yrWM Ph 1 R#2 $1.165mil/10yrWM Ph 1 R#2 $3.106 mil/10yrWM Grove St $1.0mil/5yrsWM Gazebo $1.1mil/10yrWM Downtown I $2.8 mil/10yrWM(M) Downtown I $1.5mil WM Downtown II $5.2 mil/10yrWM Community $25mil Lead Removal (M) $1.5mil Replace Meters $1.65mil/10yrDPW Bldg Project/25 yrs TBA Interest on Long Term Debt:Join MWRA(partial $3.18m)Join MWRA(full $7.8m) ®Auburn Tank $4.5 mil/20yrWM:Hvrhll&Howard ($2.05m)WM(M):loan to be usedWM(M) Ph 1 R#1 $4.012mil/10yrWM Ph 1 R#2 $1.165mil/10yrWM Ph 1 R#2 $3.106 mil/10yrWM Grove St $1.0mil/5yrsWM Gazebo $1.1mil/10yrWM Downtown I $2.8 mil/10yrWM(M) Downtown I $1.5mil WM Downtown II $5.2 mil/10yrWM Community $25mil Lead Removal (M) $1.5mil Replace Meters $1.65mil/10yrDPW Bldg Project/25 yrs TBA 1 of 1 ----- 7,810 30,000 30,000 61,000 66,000 66,000 60,000 30,000 850,000 850,000 400,000 900,000 100,000 240,000 285,000 537,210 581,428 295,400 234,000 845,000 869,750 162,200 204,828 230,472 272,250 7,064,9601,500,0001,500,0001,000,0002,000,0001,500,0007,064,9601,517,2002,038,4721,922,2506,195,2101,355,0001,808,0001,650,000 TOTAL FY21-35 10,660,00017,724,96010,660,000 ----- 150,000 FY-2035 1,500,000 1,500,0001,500,000 1,350,000 ---- 125,000 900,000150,000285,000 FY-2034 1,175,000 1,175,0001,175,000 - 4,950 4,950 169,950125,000 900,000 169,950 169,950 165,000 165,000 debtna FY-2033 1,025,000 1,194,9501,025,000 - 9,900 9,900 174,900125,000 900,000 200,000 174,900 174,900 165,000 165,000 debtna FY-2032 1,225,000 1,399,9001,225,000 - 1,600 66,00066,00080,000 16,450 14,850 debt 261,450125,000 350,000 800,000 100,000 240,000 261,450 179,850 245,000 165,000 debtna FY-2031 1,375,000 1,636,4501,375,000 - 5,325 50,000 30,00085,000 25,125 19,800 debt 980,000275,125 980,000 100,000 700,000 100,000 275,125 184,800 250,000 165,000 debtna FY-20301,255,125 - 9,575 26,00026,00085,000 34,325 24,750 800,000310,325 800,000 100,000700,000 310,325 189,750 276,000 165,000 debt debtna 1,110,325 FY-2029 30,000 26,000 26,000 85,000 43,525 13,825 29,700 980,000 319,525 980,000 100,000750,000 100,000 319,525 194,700 276,000 165,000 debt debtna 1,299,525 FY-2028 February 2021 Capital + Debt 61,00068,20042,20026,00085,000 52,725 18,075 34,650 950,000370,925 950,000 100,000750,000100,000 370,925 199,650 318,200 165,000 debt Sewer Enterprise Fund debtna 1,320,925 FY-2027 9,000 75,000 60,00068,20042,20026,00085,000 70,925 22,325 39,600 debtdebt 175,000749,125 924,125175,000 100,000 749,125 107,325369,000 204,600 678,200 360,000 165,000 debtna FY-2026 Legend: DEBT (Issued); debtani (Approved, Not Issued) and debtna (not yet approved) 75,000 75,000 75,000 68,20042,20026,00085,00010,80026,57527,000 44,550 debtdebtdebt 280,800111,575387,000 209,550 948,200 270,000360,000 165,000 108,925 debtna FY-2025 1,057,125 1,132,1251,057,125 75,000 75,000 75,000 30,00068,20042,20026,00085,00021,60030,82545,000 49,500 debtdebtdebt 291,600115,825405,000 214,500 948,200 270,000360,000 165,000 146,925 debtna FY-2024 1,095,125 1,170,1251,095,125 75,000 75,000 75,000 68,20042,20026,00085,00032,40035,07563,125 debtdebtdebt 918,800 993,800918,800 302,400120,075428,125 788,200 270,000365,000 130,600 FY-2023 Projected ==> 75,000 75,00075,00068,20042,20026,00085,00043,20041,62886,347 debtdebtdebt 957,375 957,375313,200126,628449,347786,200270,000363,000171,175 FY-20221,032,375 Approved 7,810 75,00076,01042,20026,000 54,200 54,200 debt 175,000405,210 580,210175,000 100,000 405,210 329,200 351,010 275,000 FY-2021 Approved 24 3 512 2 12 363636 454545 1a 1c 1d 8/12/2021 11:40 Sewer DEBT Sewer Ent. Fund Capital & Debt Sewer CapitalSewer Debt Total Capital & DebtSewer CAPITALSewer Main projectsStation: Chas St. $2.4mil/8yrsStation: Sturges $2 mil/5yrs Station: Joseph's Way $850kStation: Brewer Lane $850kStation: Collins Ave. $1.5mPortable Generator - Collins $30kStation: Small Lane $400kStation: Grove St. $900kPortable Generator - Grove $30kStation: Strout Ave. $1.0milStation: Longwood Rd. $2.0milStation: Pitman Drive $1.5milDowntown Improve II design Downtown Improve II $1.0mil/10yrs Meter Replacements $1.65mil/10yrs S-02 Pickup #8 (2016)S-03 Pickup #6 (2020)S-04 Pickup #10 (2020)S-05 Pickup #17 (2015)S-06 Truck #17 (2015)S-07 Vacuum Truck #1 (split w/StWtr 2018)S-10 Portable Pump - trailer (2020)Engineering Vehicle (split w/Wtr)MWRA Inflow & InfiltrationStation: Chas St. $2.4mil/8yrsDowntown Improve II $1.0mil/10yrsStation: Sturges $2 mil/5yrs Meter Replacements $1.65mil/10yrsDPW Bldg Project/25 yrs TBA Repayment of Principal:MWRA Inflow & Infiltration P7 MWRA Inflow & Infiltration P9MWRA Inflow & Infiltration P11Station: Chas St. $2.4mil/8yrsDowntown Improve II $1.0mil/10yrsStation: Sturges $2 mil/5yrs Meter Replacements $1.65mil/10yrsDPW Bldg Project/25 yrs TBA Interest on Long Term Debt:MWRA Inflow & Infiltration Station: Chas St. $2.4mil/8yrsDowntown Improve II $1.0mil/10yrsStation: Sturges $2 mil/5yrs Meter Replacements $1.65mil/10yrsDPW Bldg Project/25 yrs TBA 1 of 1 200,000200,000581,428845,000384,828204,828180,000 TOTAL FY21-33 2,160,0002,761,4284,921,4282,160,0001,225,0002,761,4282,180,0002,845,0002,000,000 12,000 12,000 410,000412,000 822,000410,000 125,000285,000 412,000 412,000 400,000 400,000 debtna FY-2033 24,000 24,000 100,000424,000 524,000100,000 100,000 424,000 424,000 400,000 400,000 debtna FY-2032 1,600 80,000 37,600 36,000 debt 100,000436,000 536,000100,000 100,000 436,000 436,000 480,000 400,000 debtna FY-2031 5,325 85,000 53,325 48,000 debt 100,000448,000 548,000100,000 100,000 448,000 448,000 485,000 400,000 debtna FY-2030 9,575 85,000 69,575 60,000 debt 100,000460,000 560,000100,000 100,000 460,000 460,000 485,000 400,000 debtna FY-2029 -- 85,000 85,000 13,825 13,825 debt 300,000 300,000300,000 100,000200,000 FY-2028 - - 75,000 85,000 85,000 18,075 18,075 debt 275,000 275,000275,000 200,000 FY-2027 February 2021 Capital + Debt 75,000 75,000 75,000 85,000 85,000 22,325 22,325 debt 107,325 182,325107,325 107,325 FY-2026 Storm Water Enterprise Fund 75,000 75,000 75,000 85,000 85,000 26,575 26,575 debt 111,575 186,575111,575 111,575 FY-2025 Legend: DEBT (Issued); debtani (Approved, Not Issued) and debtna (not yet approved) 75,000 75,000 75,000 85,000 85,000 30,825 30,825 debt 115,825 190,825115,825 115,825 FY-2024 75,000 75,000 75,000 85,000 85,000 35,075 35,075 debt 120,075 195,075120,075 120,075 FY-2023 Projected ==> 85,000 85,000 41,628 41,628 debt 175,000126,628 301,628 175,000 175,000 126,628 126,628 FY-2022 Approved -- 50,000 300,000 300,000300,000 250,000 FY-2021 Approved 3 2456345634563456 222 Storm Water DEBT Storm Water Ent. Fund Capital & Debt Storm Water CapitalStorm Water Debt Total Capital & DebtStorm Water CAPITALDrainage Improvm. (projects)Downtown Improve II $1.0mil/10yrs DPW Bldg Project/25 yrs TBASaugus River Design/PermitAberjona River Design/PermitSaugus Rvr Improv. (I) $2milSaugus Rvr Improv. (II) $2milAberjona Rvr Improv. $2mil S-07 Vacuum Truck #1 (split with Sewer)SW-02 Catch Basin truck (2020)SW-03 Sweeper (2020)SW-04 Mini Excavator (2012)SW-05 Trailer for mini ex. (2012)Downtown Improve II $1.0mil/10yrs DPW Bldg Project/25 yrs TBASaugus Rvr Improv. (I) $2milSaugus Rvr Improv. (II) $2milAberjona Rvr Improv. $2mil Repayment of Principal:Downtown Improve II $1.0mil/10yrs DPW Bldg Project/25 yrs TBASaugus Rvr Improv. (I) $2milSaugus Rvr Improv. (II) $2milAberjona Rvr Improv. $2mil Interest on Long Term Debt:Downtown Improve II $1.0mil/10yrs DPW Bldg Project/25 yrs TBASaugus Rvr Improv. (I) $2milSaugus Rvr Improv. (II) $2milAberjona Rvr Improv. $2mil COMMONWEALTH OF MASSACHUSETTS Middlesex, ss. Officer's Return, Town of Reading: By virtue of this Warrant, I ______________________________, on September 27, 2021 notified and warned the inhabitants of the Town of Reading, qualified to vote on Town affairs, to meet at the place and at the time specified by posting attested copies of this Special Town Meeting Warrant, along with the written request of Town Moderator Alan Foulds dated _______asking that this Special Town Meeting be held by remote participation pursuant to St. 2020, c. 92, §8 and St. 2021, c. 20, § 9, in the following public places within the Town of Reading: Precinct 1 J. Warren Killam School, 333 Charles Street Precinct 2 Reading Police Station, 15 Union Street Precinct 3 Reading Municipal Light Department, 230 Ash Street Precinct 4 Joshua Eaton School, 365 Summer Avenue Precinct 5 Reading Public Library, 64 Middlesex Avenue Precinct 6 Barrows School, 16 Edgemont Avenue Precinct 7 Birch Meadow School, 27 Arthur B Lord Drive Precinct 8 Wood End School, 85 Sunset Rock Lane Town Hall, 16 Lowell Street The date of posting being not less than fourteen (14) days prior to September 27, 2021, the date set for Special Town Meeting in this Warrant. I also caused a posting of this WarrantSpecial Town Meeting, to be published on the Town of Reading website on _______________, 2021. _____________________________________________ Constable A true copy Attest: _____________________________________________ Laura Gemme, Town Clerk SPECIAL TOWN WARRANT COMMONWEALTH OF MASSACHUSETTS Middlesex, ss. To any of the Constables of the Town of Reading, Greetings: In the name of the Commonwealth of Massachusetts, you are hereby required to notify and warn the inhabitants of the Town of Reading, qualified to vote in the Local Elections and Town affairs, to meet in accordance with Chapter 92 of the Acts of 2020 and Chapter 20 of the Acts of 2021 and through the Zoom platform on MONDAY, the TWENTY-SEVENTH DAY of SEPTEMBER A.D., 2021 at seven thirty upon and determined exclusively by Town Meeting Members in accordance with the provisions of the Reading Home Rule Charter. Members of the public may access and witness the deliberations and actions taken at the Special Town Meeting in the following manner: RCTV, Facebook, or on local public access television. Town Meeting members and Town officials shall receive a link to join the Zoom video conferencing platform to participate in the Special Town Meeting. Non-Town Meeting Members who are registered voters residing in the Town who wish to participate in the Special Town Meeting must submit a request to participate to the Town Clerk not less than 48 hours in advance of the Special Town Meeting, and when submitting this request, non-Town Meeting Members who wish to make a comment, ask a question, or otherwise address Town Meeting, should contact Town Clerk Laura Gemme (lgemme@ci.reading.ma.us or 781-942-6647) with the following information: (a) First and Last Name, (b) Street Address, (c) Phone Number, (d) Email Address, and (e) Article(s) he or she would like to speak to, and once verified, shall receive follow up information with specific participation instructions for the meeting. If, on September 27, 2021, the Town Meeting elects not to hold the Special Town Meeting remotely, then the Town Meeting shall adjourn to Reading Memorial High School Performing Arts Center, 62 Oakland Road, Reading on Thursday September 30, 2021 at seven thirty the evening. ARTICLE 1 To hear and act on the reports of the Select Board, School Committee, Library Trustees, Municipal Light Board, Finance Committee, Bylaw Committee, Town Manager, Town Accountant and any other Town Official, Board or Committee. Select Board ARTICLE 2 To choose all other necessary Town Officers and Boards or Committees and determine what instructions shall be given to Town Officers and Boards or Committees, and to see what sum the Town will vote to appropriate by borrowing or transfer from available funds, or otherwise, for the purpose of funding Town Officers and Boards or Committees to carry out the instructions given to them, or take any other action with respect thereto. Select Board ARTICLE 3 To see if the Town will vote to amend the FY 2021-31 Capital Improvements Program as provided for in Section 7-7 of the Reading Home Rule Charter and as previously amended, or take any other action with respect thereto. Select Board ARTICLE 4 Budget for the Fiscal Year commencing July 1, 2021, as adopted under Article 16 of the Annual Town Meeting of April 26, 202; and to see if the Town will vote to raise and appropriate, borrow or transfer from available funds, or otherwise provide a sum or sums of money to be added to the amounts appropriated under said Article, as amended, for the operation of the Town and its government, or take any other action with respect thereto. Finance Committee ARTICLE 5 To see if the Town will vote to raise and appropriate, transfer from available funds, borrow or otherwise provide a sum or sums of money to pay bills remaining unpaid from prior fiscal years for goods and services actually rendered to the Town, or take any other action with respect thereto. Select Board ARTICLE 6 To see if the Town will vote to raise and appropriate, borrow, transfer from available funds or otherwise provide a sum or sums of money to pay the costs of making Police Station Improvements, including the payment of any and all other costs incidental and related thereto, or take any other action with respect thereto. Select Board ARTICLE 7 To see if the Town will vote to raise and appropriate, borrow, transfer from available funds or otherwise provide a sum or sums of money to pay the costs of replacing the Auburn Water Tank, including the payment of any and all other costs incidental and related thereto, which amount will supplement funds previously appropriated under Article 17 of the 2019 Annual Town Meeting to pay costs of this project, said sum to be expended by and under the direction of the Town Manager; or take any other action with respect thereto. Select Board ARTICLE 8 To see if the Town will vote to authorize the Select Board to acquire by purchase, gift, eminent domain or otherwise, on such terms and conditions as the Select Board shall determine, an easement over Gazebo Circle for the purpose of accessing 160 Hopkins Street -61) and further, to authorize the Select Board to enter into all agreements and take all related actions necessary or appropriate to carry out said acquisition and other acts authorized herein; or take any other action with respect thereto. Select Board and you are directed to serve this Warrant, along with the written request of Town Moderator Alan Foulds dated ________ to hold this Special Town Meeting remotely, by posting an attested copy thereof in at least one (1) public place in each precinct of the Town not less than fourteen (14) days prior to September 27, 2021, or providing in a manner such as electronic submission, holding for pickup or mailing, an attested copy of said Warrant to each Town Meeting Member. Hereof fail not and make due return of this Warrant with your doings thereon to the Town Clerk at or before the time appointed for said meeting. th Given under our hands this __ day of ___________, 2021. _______________________ Karen Gately Herrick, Chair _______________________ Anne DJ Landry, Vice Chair _______________________ Mark L Dockser, Secretary _______________________ Carlo Bacci _______________________ Chris Haley SELECT BOARD OF READING _______________________________ , Constable FINCOM FY21 Meeting Schedule (All meetings are shown in bold and begin at 7:00pm held remotely, unless noted) September 9 Regular Meeting September 22 Deadline - SB close Warrant for November Town Meeting September 23 Financial Forum I October 7 Financial Forum II ( start at 8pm); FINCOM vote on any November Town Meeting Articles October 21 Financial Forum III November 4 Regular Meeting (if needed) November 9(Mon)-12(Thurs)-16(Mon)-19(Thurs) Subsequent Town Meeting December 8 Town FY22 Budget meeting with Select Board December 9 Town FY22 Budget meeting with Select Board December 15 Town FY22 Budget meeting with Select Board December 16 Town FY22 Budget meeting with Select Board January 7 School Committee FY22 Budget meeting January 14 School Committee FY22 Budget meeting January 21 School Committee FY22 Budget meeting January 25 School Committee FY22 Budget meeting (vote) January 31 School budget to Town Manager per Charter February 28 Entire balanced budget to FINCOM per Charter March 2 SB deadline to close Warrant for April Town Meeting (planned in Feb) February 24 FINCOM FY22 Budget meeting (Town/Schools) March 3 FINCOM FY22 Budget meeting (Town/Schools) March 10 FINCOM FY22 Budget meeting (vote TM Articles) March 17 FINCOM FY22 Budget meeting (if needed) April 6 Local elections April 26 Annual Town Meeting begins May 5 Regular Meeting June 30 Regular Year-end Meeting (if needed) Town of Reading Meeting Minutes 2016-09-22 LAG Board - Committee - Commission - Council: Finance Committee Date: 2021-06-23 Time: 7:00 PM Building: Reading Public Library Location: Community Room Address: 64 Middlesex Avenue Session: Open Session Purpose: Open Session Version: Draft Attendees: Members - Present: Chair Ed Ross, Vice Chair Dan Dewar, Jeanne Borawski, Marianne McLaughlin-Downing, Joseph McDonagh, Mark Zarrow Members - Not Present: Eric Burkhart, Andrew Mclauchlan Others Present: Town Accountant Sharon Angstrom, Christopher Healy, Geoffrey Coram, Jacqueline McCarthy Minutes Respectfully Submitted By: Jacquelyn LaVerde Topics of Discussion: Chair Ed Ross called the meeting to order at 7:02 pm. He recapped the Finance Committee Appointment Committee meeting last week and welcomed newly appointed member Joe st McDonagh, and new appointees effective July 1, Jackie McCarthy and Geoffrey Coram. Though Vice Chair Dan Dewar was not reappointed, Mr. Ross thanked him for his passion and commitment in his time on the Committee. Mr. Ross stated that there a points about the appointment process that could be better from a communication standpoint, and at the next opportunity, he will reengage with the other members of the Appointment Committee. Liaison Discussion: Mr. Ross stated that he would like to reintroduce Liaison Reports at future meetings to help the Committee stay informed. Ms. Borawski shared a summary of the Audit Committee meeting held last week. The Town had a completely clean audit and the auditor had a glowing review of the and management. There are upcoming GASB changes that the Finance Director is aware of, and has already put processes in place. Town Accountant Sharon Angstrom noted that the Audit Committee had a discussion around pension and OPEB liability. The pension liability pay-off date might need to be pushed off until 2031 with the schedule that the Retirement Board just accepted today, as the PERAC dropped ½ point to 7%. Every two years the assumptions are reviewed from prior assumptions and actual results to help make the decision for the next time around, which makes it difficult to predict and subject the table to changes. Ms. Borawski praised the relationship between the Audit Committee and the auditors. Ms. Angstrom suggested that the Finance Committee assign a liaison to the Retirement Board. Page | 1 Mr. Ross announced that liaison assignments will be on the agenda at the next meeting, where the Committee can discuss liaison appointments and a cadence for reporting back to the Committee. Reserve Fund Transfer Request: Town Accountant Sharon Angstrom presented the request to transfer $135,000 from the Finance Committee Reserve Fund as follows: $50,000 for Legal Expenses $75,000 for Essex North Vocational School $10,000 for Wood End Playground Improvement Town Counsel is behind in billing, so the actual amount needed is unknown at this time. The requested $50,000 is a conservative estimate. If more is needed, a reserve fund th transfer can be approved until July 15. Any amount not spent will go back to Free Cash. There was $60,000 budgeted for Essex North Vocational School, but they never billed for the second installment, and the budget ended up being $75,000 short. There was $15,000 budgeted for the Wood End playground, which has been sufficient for similar projects in the past. However, quotes received were for $24,000. On a motion by Ms. Borawski and seconded by Mr. Dewar, the Finance Committee voted 6-0-0 to approve the transfer request of $135,000 from the Finance Committee Reserve Fund to the accounts as presented. Future Meeting Schedule: The Committee discussed future meeting dates and agreed on: th Wednesday, July 14 (if needed for any last-minute FY21 transfers) th Wednesday, August 18 th Wednesday, September 29 Minutes for Approval: Ms. Downing noted corrections to the spelling of members last names. On a motion by Ms. Downing, and seconded by Ms. Borawski, the Finance Committee voted 6-0-0 to approve the meeting minutes of April 22, 2021 as amended. On a motion by Mr. Dewar, and seconded by Ms. Downing, the Finance Committee voted 6-0-0 to adjourn at 7:45 pm. Page | 2