HomeMy WebLinkAbout1995-03-13 Finance Committee Minutes =.
Finance Committee Meeting
March 13, 1995 fin L MI5
The Finance Committee met at 7 :00 p.m. in the Conference Room
at Town Hall. Present were Chairman Richard Coco, Vice
Chairman Fred VanMagness, FinCom members Gerry MacDonald, Jim
Keigley, Nate White, Carol Grimm, Jerry Vitale, Steve
Blewitt, Town Manager Peter Hechenbleikner and Secretary
Maureen Vierra. Also present were Elia Marnik, Deirdre
Hanley, Stephen Crook, Stephen Baumgartner, Rachel
Baumgartner, Corinne Fisher, William Diamond, Chris Redford,
Cherrie Dubois , and Brenda Wettergreen, Gail Wood, Stewart
Chipman, Richard Moore, Edward McIntire, Beth Klepeis, and
David Lee.
Approval of Minutes:
On a motion by VanMagness seconded by MacDonald the minutes
of March 6, 1995 were approved as amended by a vote of 7/0/1 .
On a motion by VanMagness seconded by MacDonald the minutes
of March 8, 1995 were approved by a vote of 7/0/1 .
Liaison Reports:
Steve Blewitt volunteered to serve on the Police Station
Renovation sub-committee when it is formed.
Reserve Fund Transfer Requests:
Town Manager Peter Hechenbleikner requested a reserve fund
transfer to account 01-815 Unemployment in the amount of
$569 .00. On a motion by VanMagness seconded by MacDonald the
Finance Committee voted to approve the transfer by a vote of
8/0/0.
Town Manager Peter Hechenbleikner requested a reserve fund
transfer to account 01-111 Police Non-Personal Expenses in
the amount of $1 ,000.00 for the purpose of developing and
implementing an evaluation and community questionnaire
relative to police services. On a motion by MacDonald
seconded by White the Finance Committee voted to approve the
transfer by a vote of 1/7/0. The transfer was not approved .
Budget Review:
On a motion by Grimm seconded by VanMagness the Finance
Committee voted to change their recommendation of Item M2
from the amount of $1 ,442 ,087 .00 to the amount of $931 ,812 .00
by a vote of 7/0/1 .
Town Manager Peter Hechenbleikner has increased the local
revenue projections for the FY 96 budget . The original
projection of $3 ,012,745.00 was increased to $3, 270,000.00.
kaw The revenue projection was increased from $36,005,743.00 to
$36, 262,498 .00.
2
k, Peter provided FinCom with the police car inventory list as
requested. Some details were not available because the Chief
was on vacation. Peter will provide an update as soon as the
information becomes available.
On a motion by VanMagness seconded by Keigley the Finance
Committee voted to recommend Item M4 in the amount of
$676,000.00 with the reserve fund amount of $468,000.00 to be
used to offset the water budget by a vote of 6/1/1 .
On a motion by VanMagness seconded by Vitale the Finance
Committee voted to amend Item F1 reducing it from $462 , 128 .00
to $458, 343.00 by a vote of 3/5/0. This motion did not pass .
On a motion by Grimm seconded by White the Finance Committee
voted to recommend Item F1 in the amount of $462 , 128 .00 by a
vote of 6/2/0.
On a motion by White seconded by Grimm the Finance Committee
voted to approve Item F2 in the amount of $100, 296 .00 by a
vote of 8/0/0.
Beth Klepeis presented a new program request for a Technology
Coordinator who would work with both the School Department
and the Library. They are currently trying to secure a grant
which will offset 75% of the program cost for two years.
The next meeting of the Finance Committee is scheduled for
March 15 , 1995 in the Conference Room at Town Hall. There
will be an Executive Session with the School Department from
7:00 pm to 8 : 00 pm followed by an Open meeting.
On a motion by MacDonald seconded by Keigley the Finance
Committee voted to adjourn at 10: 10 pm by a vote of 8/0/0 .
Respectfully subm tted,
Zr- � �
reen Vierra
Secretary