HomeMy WebLinkAbout2006-06-28 Finance Committee Minutes
Finance Committee Meeting
June 28, 2006
The meeting was convened at 7:45p.m. in the Conference Room, 16 Lowell Street, Reading,
Massachusetts. Present were Chairman Chuck Robinson, Vice Chair Andrew Grimes, FINCOM
members Paul Bolger, David Greenfield, and Ron Powell as well as Peter Hechenbleikner (Town
Manager), Bob LeLacheur (Assistant Town Manager/Finance Director), Patrick Schettini
(School Superintendent), Mary DeLai (School Director of Human Resources and Finance
),
Elaine Webb (School Committee Chair), Pete Dahl and Chris Caruso (School Committee).
On a motion by Grimes, seconded by Bolger, FINCOM voted to approve the minutes of
April 12, 2006 by a vote of 5-0-0.
On a motion by Greenfield, seconded by Bolger, FINCOM voted to approve the minutes of
April 24, 2006 by a vote of 5-0-0.
On a motion by Bolger, seconded by Grimes, FINCOM voted to approve the minutes of
April 28 by a vote of 5-0-0.
On a motion by Powell, seconded by Grimes, FINCOM voted to approve the minutes of
June 1 by a vote of 5-0-0.
FINCOM voted the following transfers from the Reserve Fund:
On a motion by Grimes, seconded by Greenfield, FINCOM voted 5-0-0 to transfer $8,000
from the FINCOM reserve fund (#01-022-5789) to Fire Department salaries (#01-121-
5112).
On a motion by Greenfield, seconded by Bolger, FINCOM voted 5-0-0 to transfer $5,000
from the FINCOM reserve fund (#01-022-5789) to Police/Fire Indemnification (#01-131-
5753).
On a motion by Bolger, seconded by Greenfield, FINCOM voted 5-0-0 to transfer $4,000
from the FINCOM reserve fund (#01-022-5789) to Finance Tax Title (#01-035-5302).
On a motion by Powell, seconded by Grimes, FINCOM voted 5-0-0 to transfer $4,000 from
the FINCOM reserve fund (#01-022-5789) to Finance HR Medical Testing (#01-042-5303).
On a motion by Bolger, seconded by Grimes, FINCOM voted 5-0-0 to transfer $1,000 from
the FINCOM reserve fund (#01-022-5789) to Finance HR Advertising (#01-042-5301).
On a motion by Grimes, seconded by Greenfield, FINCOM voted 5-0-0 to transfer $12,000
from the FINCOM reserve fund (#01-022-5789) to Town Manager Capital Account (#01-
022-5789).
On a motion by Grimes, seconded by Greenfield, FINCOM voted 5-0-0 to transfer $22,000
from the FINCOM reserve fund (#01-022-5789) to DPW Fuel Account (#01-303-5411).
FINCOM discussed Information Technology with the members of the School Committee. The
latter reinforced their support – including FY07 financial consideration if needed – to modernize
the Town’s financial platform. Bob LeLacheur mentioned that the time table for focus on this
issue would begin in early September, and likely be headed by Town Accountant Gail LaPointe
and School Finance Director Mary DeLai, and include other school and town personnel.
FINCOM outlined Goals for the Budget Process discussion (see attached), and received several
comments from the attendees.
FINCOM outlined a Budget Calendar for the Budget Process discussion (see attached), and
received some comments from the attendees.
th
FINCOM set their next meeting for July 12 to continue the Budget Process review.
On a motion by Bolger, seconded by Grimes, FINCOM voted 5-0-0 to adjourn at 9:15pm.
Respectfully submitted,
Secretary