Dear LincolnTalk, As part of the streamlining of the Annual Town Meeting (ATM) process, the Water Commission is pleased to share with you a recording of our recent presentation to the Finance Committee. This presentation covers the main highlights of the past year, the FY2024 operating budget, our ATM ask for funding approval of capital projects for FY2024 (paid for by water users as we are an Enterprise Fund and must self-fund), as well as some short- and long-term strategic challenges facing our department, and most departments in the state and nation. This recorded presentation is an "extended play" version of what we will present at ATM. To clarify, although as an Enterprise Fund we do not need to follow the FinCom's guidance of a 2.5% increase in our operating budget, we try to when it is feasible. We present our operating budget to the FinCom and our capital budget to the CapCom in advance of the ATM as an important opportunity for transparency, constructive feedback and oversight. This year, thanks in part to generous ARPA funding the Lincoln Water Department received by vote of the Selects two years running, we are proposing a 2.5% increase in our FY2024 operating budget and a relatively modest request for FY2024 capital funding. If you'd like to raise questions with us before the ATM, please feel free to attend our next Water Commission meeting on Monday March 20th at 8:00 by Zoom. The Zoom link will be on the agenda for that meeting when it is posted. Thank you,Michelle BarnesWater Commission, ChairSouth Great Road
| | | | | | | | | | | Lincoln MA Finance Committee Meeting February 28, 2023 | | |
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