HomeMy WebLinkAbout1996-02-07 Finance Committee Minutes RECEIVED
FOVIN CLERK
READIf40' I ASS.
Finance Committee Meeting
February 7, 1996 FEB Iq 7 o2 Pli '96
The Finance Committee met at 7 :00 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 and Secretary Maureen
Vierra. Also present were Patricia Segalla from the Reading
Chronicle, CIAP Chairman George Thompson, and CIAP members
Charlie Peacock and Dick McDonald.
Approval of Minutes:
On a motion by MacDonald seconded by Keigley the Finance
Committee voted to approve the minutes of January 31 , 1996 by
a vote of 7/0/0 .
Liaison Reports:
Jim Keigley informed the Finance Committee that teams are
needed for a spelling bee which will be held on March 29 ,
1996 .
Jim also asked FinCom members to submit questions for the
municipal candidates forum to be held on February 15, 1996 at
7: 30 p.m.
Gerry Vitale submitted a list of vehicles currently owned by
the Police Department. The list includes the year, make,
model and mileage of each vehicle and its status .
Nate White attended a School Committee Meeting. One topic
discussed was the request by Superintendent Harry Harutunian
for additional technology equipment and furnishings for
Parker School with an increase in the budget from 453 ,000.00
to 1 ,079,000.00 using the bond issue from Parker school .
Nate expressed concern in bonding the purchase of technology
equipment for 20 years when the life of the equipment would
have a much less of a life span. In addition, if Parker was
to receive new equipment he predicts that Coolidge school
will also expect to receive the same level of technology
equipment.
Action and Discussion Items:
The Finance Committee reviewed the Debt Service budget in the
amount of $1 ,788 , 363 .00. They will vote on this budget
during their budget voting schedule of March 6, 11 , and 13 .
The CTAS has submitted their preliminary 10 year capital
improvement plan to the Selectmen, RMLD, the School Committee
and FinCom. They have requested feedback from each of the
groups and will submit a revised plan ( if necessary) to
FinCom from which the Finance Committee vote and submit their
recommendations to Town meeting.
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The Finance Committee reviewed the Warrant Articles scheduled
to be discussed at Town Meeting. They anticipate voting on
articles 5, 6, 7 , 8 , 9, 10, 11 , 12 , 13 , 14, 15, 16, and 22 ,
and submitting their recommendations to Town Meeting.
On a motion by MacDonald seconded by Vitale the Finance
Committee voted to adjourn at 9 :40 p.m. by a vote of 8/0/0.
The next meeting of the Finance Committee is scheduled for
February 12, 1996 at 8 :00 p.m. A review of the School Budget
is planned.
Respectfully ubt d,
Steve /Blewi t
Chairman
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