The Town of Medfield just got a new actuarial report on its Other Post-Employment Benefits (OPEB) liabilities (copy attached). OPEB is mainly for future health insurance costs for current and retired town employees, but also includes unfunded pensions for those same individuals.
GASB recently required that municipalities include actuarial numbers for their future OPEB obligations as part of their financial reporting, and municipalities have mainly all shared huge unfunded debts for these future OPEB costs. Wellesley is one exception, which has fully funded its OPEB.
The whole actuarial report, which shows a ca. $43m. liability for the Town of Medfield, is available here:
20131007-Stone Consulting-OPEB Actuarial Valuation-Final Report
These are a few of the pages that summarize the report:
Photos taken and shared by Colleen Sullivan –
Medfield Foundation booth – www.MedfieldFoundation.org
Medfield Youth Outreach’s Dawn Alcott, Chelsea Goldstein-Walsh, and Liz Sandeman womaning the Medfield Cares About Prevention (MCAP) booth. www.MedfieldCares.org
Note the “02052” hats which Jack Conway Realtors are selling for $10, with all proceeds going to Medfield Cares About Prevention (MCAP).
The Town of Medfield insures through the Massachusetts Municipal Association’s insurer, the Massachusetts Interlocal Insurance Agency (MIIA). MIIA sent Mike Sullivan a flyer in advance of this week’s hurricaines with telephone numbers for claims, but also with a description of an interesting service MIIA provides us:
Additional Response Services – Agility Recovery
As many of you know, MIIA has contracted with Agility Recovery. Agility is a national disaster recovery organization focusing on four primary functional needs in the event of a disaster. These four areas include:
• Power – Emergency generators available for deployment within hours
• Computer Systems – Computers, servers, fax machines and printers
• Office Space – Mobile office space to fit any need
• Communications – Satellite connections to restore phone, internet and data
Access to Agility’s services are available to all MIIA members regardless of whether there is an insured loss or not. In the event of an insured loss, MIIA claims will typically coordinate these services with Agility.
This article on Medfield’s stalwart volunteer (All Night Graduation Party co-chair and Medfield Foundation youth leadership coordinator, to name a few) Tracey Rogers is from the September newsletter from the Foundation for MetroWest –
We spoke with Tracey before the first YIP class of the year
Foundation for MetroWest: You’ve taught multiple YIP classes over the past few years- what do you enjoy about teaching these students?
Tracey Rogers: I enjoy introducing students to the world of philanthropy. They often start off thinking of philanthropy as simply donating money. As we work through the program they develop a real understanding of philanthropy as a way to make a broader and more lasting impact in the areas they care deeply about. Students come to YIP wanting to get involved and make a difference in their communities. Some arrive already passionate about a cause based on their personal experience. Many acquire a passion for a new issue as they learn about the needs of the community and hear the philanthropic interests of their peers. I’ve lived in the MetroWest area for 20 years and I am amazed at the range and depth of work being done by local nonprofits.
FFMW: How do you see the students change through the program?
Tracey: The students genuinely evolve over the course of the program both as individuals and as a class. Typically the quieter kids will contribute more as they are motivated to speak for programs they want to support. Students who are naturally more outgoing learn to listen more intentionally to another person’s point of view. The program starts with twenty students and by the culmination, students realize they need the skills and knowledge of the entire class to arrive at the best grantmaking decision.
FFMW: Do you have a favorite memory from a prior class or a favorite section to teach?
Tracey: My favorite part of the program is accompanying the students on the site visits [field trips to area nonprofits]. The curriculum prepares the students very well to this point and they conduct themselves with such acumen. The questions students ask are discerning and well-researched but they convey real compassion for the organization’s constituents and mission.
FFMW: What has YIP taught you?
Tracey: I’ve always been very involved in my community and hometown of Medfield. One of the main tenants of YIP is that the students come to agreement through consensus. Facilitating their discussions has taught me to be a better listener and more purposeful in the way I bring forward my ideas when working as part of a committee or a board member of a community agency.
Bob Borrelli presented his plans for his latest friendly 40B located at 71 North Street (copies below) to the Board of Selectmen on Tuesday evening, and received a BoS vote of town support for this Local Initiative Project (LIP). The project will be similar to his almost completed (rentals starting in November) 67 North Street project in the Jacob Cushman House, which saved the old structure at the street and added on a new addition at the rear. Both projects will have eight residential rental units, with two in each being affordable, but where both are rental projects, the town gets credit for all eight units in each as part of our Subsidized Housing Inventory (SHI) towards our 10% affordable housing requirement.
The eight units in the Jacob Cushman House are part of the 21 Subsidized Housing Inventory (SHI) units the town permitted this past year, along with the 13 SHI that are part of the Larkins’ Hospital Road ownership 40B that got the town into a one year safe harbor from unfriendly 40B’s. The Town of Medfield will need to permit another 13 SHI before next summer to have an additional year of safe harbor from the unfriendly 40B’s, and there are many irons in the fire to provide those additional SHI units.
From the Medfield Memorial Library –
Medfield Public Library’s Centennial Celebration!
Sunday, October 1, 2017 2-5 pm
Join us for an afternoon of:
- Kurt Jackson, storyteller
- Meeting Granville Dailey
- Learning the history of the library
- Refreshments and much more!
We will also be holding a reprise of all of the activities of the Grand Opening of the STEAM Room, the library’s new makerspace, for all of those who were unable to attend.
On Monday evening this week the planning board held its fourth hearing on the application of the Medfield Children’s Center to build a child care facility at 75 High Street to serve about 90 children a day. The MCC has been operating out of the Baptist and Episcopal Churches.
The Monday hearing related to the site visit, earthwork, and blasting work. Traffic will be discussed at the October 2 continuation date. About 30 residents attended.
The PB’s per review engineering consultant actively shared information and confirmed materials from the MCC engineer. I was glad to see that the PB used its own consultant so freely and that the town consultant affirmed that the MCC engineer had accurately described things.
I am guessing that the traffic county’s and sight lines will be major issues.
Interesting update afterwards on the MSH, AHT, EDC, and PB plans for town meeting issues.