HomeMy WebLinkAbout1995-10-11 Finance Committee Minutes RL ": D
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Finance Committee Meeting
October 11, 1995 Dec 14 8 53 AN '95
The Finance Committee met at 7: 30 p.m. in the Conference Room
at Town Hall . Present were Chairman Steve Blewitt, Vice
Chairman Jim Keigley, FinCom members Gerry MacDonald, Nate
White, Carol Grimm, Jerry Vitale, Rocco Nenarella, Tom Green
Jr. ,Town Manager Peter Hechenbleikner, Secretary Maureen
Vierra, and Diana Halsey.
Approval of Minutes:
Ona motion by Grimm seconded
by Keigley
the Finance
Committee voted to approve theminutesofSeptember27, 1995
as amended by a vote of 6/0/1 .
Liaison Reports:
Jim Keigley reported that the Police Station tour on
September 28 , 1995 with the CIAS was successful . The Town
plans to apply for a State grant with hopes to get some of
the State allotted funds to offset the cost of renovation or
re-building. The Board of Cemetery Trustees gave a
presentation on their plan to develop the Wood End Cemetery.
They will be requesting a $200,000.00 debt authorization at
Town Meeting. After watching the presentation, the CIAS
endorsed the plan by a vote of 5/0/0.
Carol Grimm updated FinCom on the status of the sale of 25
Haven Street. Bids are due in by November 7 , 1995 and will be
opened on November 7, 1995. The minimum acceptable bid is
$360,000.00.
Action and Discussion Items:
Rocca Nenarella brought in a sample draft of a new report
which compares budgeted expenditures against actual
expenditures broken down by department. Peter Hechenbleikner
and Rocco Nenarella will meet with Richard Foley to make some
minor adjustments to the draft. The Finance Committee would
like to receive the report on a quarterly basis. In
addition, they would like to have either Beth Klepeis or
Richard Foley attend a FinCom meeting each quarter in order
to answer any budget variance questions.
At 8 : 45 p.m. the Cemetery Development Committee gave a
presentation to the Finance Committee on the Wood Hill
Cemetery project. Present were Joyce Miller, Mary Vincent ,
Bob Keating, and Beth Klepeis. They will be requesting a debt
authorization of $200,000.00 under Chapter 44 , Section 7,
Sub-section 20 on Article 9 at Town Meeting to develop Wood
Hill Cemetery. They would like $100 ,000.00 in the Spring of
1996 and $100,000.00 in the Spring of 1997. The bond will be
repaid with the revenue received from the sale of the new
lots.
2
On a motion by Grimm seconded by Vitale the Finance Committee
voted to approve the subject matter of Article 3, which
amends the Capital Plan for Line Item PWC-3 in FY96 in the
amount of $200,000.00 source of funding is Cemetery and Line
Item PWL-1 in FY96 in the amount of $148 ,307.00 source of
funding is grant, by a vote of 7/0/0.
On a motion by White seconded by Grimm the Finance Committee
voted to approve the subject matter of Article 5 in the
amount of $204, 902 .00, with the source of funds being other
revenues, by a vote of 7/0/0.
On a motion by White seconded by Grimm the Finance Committee
voted to approve the subject matter of Article 7 by a vote of
7/0/0 .
On a motion by Grimm Seconded by Vitale the Finance Committee
voted to approve the subject matter of Article 8,
appropriating funds for the Landfill Closure in the amount of
$148, 307.00, by a vote of 7/0/0.
On a motion by Grimm Seconded by MacDonald the Finance
Committee voted to approve the subject matter of Article 9 in
the amount of $200,000.00 by a vote of 7/0/0.
On a motion by Grimm seconded by Vitale the Finance Committee
voted to approve the transfer from the Reserve Fund in the
amount of $1 ,000.00 to Account 01-012 Town Manager' s
Expenses, for expenses related to downtown revitalization, by
a vote of 7/0/0.
On a motion by Blewitt seconded by Grimm the Finance
Committee voted to adjourn at 10 :45 p.m. The next meeting of
the Finance Committee is scheduled for October 25, 1995 at
7 : 30 p.m. in the Conference Room at Town Hall.
Respectfu lily Submitted,
� 1
lSteve Blew tt
Chairman