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LINCOLNPUBLICLIBRARY MASS 3 4864 00231 7062 October 2007 LH.R. Financial FY' 07-08 Digitized by the Internet Archive 2013 in http://archive.org/details/financialsection2007town FINANCIAL SECTION AND WARRANT FOR THE 2007 ANNUAL TOWN MEETING LINCOLN, MASSACHUSETTS The Lincoln School 8th Help Graders GO To Washington, DC!! DON'T BRING YOUR LUNCH TO TOWN MEETING - COME TO THE FUNDRAISING LUNCHEON INSTEAD Box Lunch $10 Plus sandwiches, fruit, chips, cookies, drinks and more... Aid our 8th grade students! To all Lincoln Residents Enclosed in this booklet are materials relating to the Annual Town Meeting to be held on Saturday March 24. We hopethey will enlighten you and stimulate as many as can do so to attend and participate in Town Meeting. We especially urge and welcome new residents to come and take part in the legislative process oftown government, where the actions ofall registered voters who attend and vote determine the policies and priorities ofTown Government which will affect the future ofthe Town. What follows is the report ofthe Finance Committee explaining the preparation ofthe Town's operating budget, then the proposed budget forthe fiscal yearbeginning July 1. Afterthe budget is an outline ofcertain relevant procedures for the conduct ofTown Meeting. The Warrant forthe Meeting is at the end ofthe booklet; this lists the Articles to be presented at the meeting forconsideration and action by the voters present. The Annual Town Meeting is both a significant event in the conduct ofthe business ofthe Town, and equally important it is an enjoyable community gathering at which there is opportunity to meet and greet your neighbors. While the Meeting may seem intimidating and suited only to knowledgeable "old hands", it is intended that all should feel free to participate, and we encourage you to do so. Ifyou feel you do not know enough, this is an opportunity to become more informed and to have yourquestions answered. John B. French, Moderator Sarah Cannon Holden, Chair Gary A. Taylor Sara Mattes Board ofSelectmen REPORT ofthe FINANCE COMMITTEE ofthe TOWN OF LINCOLN forthe FISCAL YEAR JULY 2007 JUNE 2008 1, - 3 0, LINCOLN FINANCE COMMITTEE Paul E. Giese Stuart Haber Mary Hartman, Vice Chair John L. Koenig Pat Phillipps John D. Robinson Robert Steinbrook, Chair . Table ofContents 1 Introduction 7 2. Overview 7 3. Revenues 10 4. Operating Expenditures 11 5. Capital Expenditures and Community Preservation Act 13 6. Property Tax 15 7. Stabilization Funds 15 8. Looking Forward 16 9. Departmental Budgets General Government 17 Public Safety 18 Education: Lincoln K-8 Schools 19 Lincoln-Sudbury Regional High School 21 Minuteman Regional High School 23 Public Works and Facilities 24 Human Services 25 Recreation, Conservation, Land and Celebrations 26 Library 27 Pensions and Insurance 29 Debt Service 31 Water Department 32 8. Appendix Table 1: Fiscal Detail FY'06-FY'08 33 9. Outline ofTown Meeting Procedures 39 10. Warrant Articles 43 11. Glossary 58