HomeMy WebLinkAbout1995-12-13 Finance Committee Minutes RECIVpp
Finance Committee meeting RE�OWN-CLERK
ADING. MASS,
December 13, 1995 JAN IO 77SS yy 'Jp
The Finance Committee met at 7 : 30 p.m. in the Conference Rb�M 6
at Town Hall. Present were Chairman Steve Blewitt, Vice
Chairman Jim Keigley, FinCom members Nate White, Carol Grimm,
Jerry Vitale, Rocco Nenarella, Tom Green Jr . , Catherine
Martin, Town-Manager Peter Hechenbleikner and Secretary
Maureen Vierra. Also present was Capital Improvement
Subcommittee Chairman George Thompson.
Approval of Minutes:
On a motion by Keigley seconded by Grimm the Finance
Committee voted to approve the minutes of October 25, 1995 by
a vote of 7/0/1 .
On a motion by White seconded by Grimm the Finance Committee
voted to approve the minutes of November 13 , 1995 by a vote
of 8/0/0.
Liaison Reports:
Nate White reported on the School Committee. They are
projecting a $171 ,000 . 00 short fall in Special Ed for FY96 .
The previous estimate was $277 ,000.00.
Jerry Vitale is planning to meet with the Police Department
and Peter Hechenbleikner on January 4, 1996 to review their
preliminary budget .
Jim Keigley met with Ted McIntire,Dave Lee,Joe Delaney and
Peter Hechenbleikner on December 17 , 1995 to review the
changes in the DPW budget . They plan to request and
additional $236 , 200 . 00 for new projects in their FY97 budget
( this amount does not include the general 24% increase) . They
are in good shape with the FY96 budget but do have some
concerns with the snow and ice and overtime accounts .
The Capital Improvement Subcommittee visited the [Pater
Treatment Plant and Wood End Cemetery a few weeks ago in
order to acquaint the 3 new members with the facilities.
Their next meeting is scheduled for December 14 , 1995 .
Steve Blewitt attended a presentation on SPED put on by the
School Department. He found the information very educational
and informative.
Carol Grimm reported that the 25 Haven Street Task Force has
been disbanded. The Selectmen and RMLD Commissioners have
accepted a bid from Brooks Drugstore in the amount of
$370,000.00 and are proceeding with the negotiating a
purchase and sales agreement. Brooks is scheduled to meet
with the Planning Commission on January 8 , 1996 and hope to
2
move into the building this spring. Brooks plans to spend an
additional $250,000.00 to improve the site.
Capital Improvement Subcommittee Chairman George Thompson
reviewed the history of the Capital Improvement Subcommittee
and explained the processes , policies and guidelines they use
to develop the plan. They generally budget 6.53% per year for
Capital Improvement projects and hope to keep it between 6% -
7% yearly.
Reserve Fund Transfers:
On a motion by Grimm seconded by Keigley the Finance
Committee voted to approve the following transfers by a vote
of 8/0/0.
Account Amount
01-111 Traffic Signal $1 , 150 . 00
01-111 Traffic Signal $1 ,080.00
01-481 Veterans Markers $1 ,050.00
01-012 Retreat Expense $ 585.00
01-302 Engineering Overtime $1 ,000.00
Meeting Schedule:
The Finance Committee will attend two joint meetings with the
School Committee and Board of Selectmen. On January 3, 1996
a meeting will be held to follow up on technology, building
maintenance and libraries. On January 27, 1996 a meeting will
be held on budget presentations. The next general meeting of
the Finance Committee is scheduled for January 17 , 1996 at
7: 30 p.m. Weekly budget review meetings will be held on
Wednesdays at 7 : 00 p.m. beginning February 7, 1996 and ending
March 13 , 1996 .
The Finance Committee continued to work on their Mission
Statement. Rocco Nanarella volunteered to compile the changes
made to the draft and revisions will be discussed at the next
meeting.
On a motion by Keigley seconded by Vitale the Finance
Committee voted to adjourn at 10 : 35 p.m. by a vote of 7/0/0.
Respectfully bmitted,
Ste ew' t
Chairman