HomeMy WebLinkAbout1989-01-17 Finance Committee Minutes READING F'INFINCE DDtJ11ITTEE
JAN in 1555 ,.
'MR.. EUGENE NIGRG CIiRIRVAN
mlIE iSERS OF BOARD OF SELECTMEH
tJF. GEOFGE SHANNON, CHRIF.:MAN
8: MEMBERS OF SCHOOL COIJMITTEE
THE REST
3,1-1-TS OF THE JOINT MEETIVIIGOF T THE THE
SCHFINANCE
IINANC 9I TTEE
GiJPipIIHE R TIE. ECAF:D OF SEL.ECTMEtI
HELD ON :A141=', .- >_' AF'.E SUPiMAf•:LECI BELOW :
T-0 . iJF 6T - J'f'
- IT OF FI 'I "II_ I . D=J 1 :
IFSI It1tJS h{G THAT FI ATTEMPTS
FIFE MHC'.E TO ION ,@:I it .'FE;YDING
OR. EPOT14CE_ F,,,:: h11JE5, THE FIY^JJI NT IS U :1�+O. Gi i US ER THE
DEFICT MA THE MIDGET E:%TIMATES GI STRIE•IJTED hlT THRT h1EE7Ih7G
DUE TO THEJIMPE'92E R-1 WoRKMEMS COMP AYiNO1jNcED EV THE
T'Jldhl I"f-II•Ihu=Ei=:.
FOI �. '. 12�T DEPS _IT.3. F
C=. fIITURC l s RI,E ff.3 FOI_I_OL.IS
THE
FISCAL 19% DEFICIT & J
0, 3Q4 OOIJ
FISCAL 1992 „ 4,03v.000
FISCAL 199:" } . sfIOO
FISCAL 199:1, 3,F'a3, PlOO
I C,A1- 1995
IF THESE nFFDnTS AGE FMM D BY I I FIS THE . SALE OF REAL
" lrT F' hD 1 �F E� EHItER IN 4n FALJ.N I F EFFLIER
E Trl FU I INORDER
I C -01 1096
WOULD RE
I �.�„,C; J r_ f IDE L,I FIJI rJ HEED TO RE
T ' T r L_ I C I T"O F Ai. i_�-, f F•
FM I H�17E IH
PORTIOII OF
THE IN
l II iT 1 _ !1C
IC: IFI L'D E 1H T;-IE iJ.: R•!=INGF_.
la
g .
:L tJ
ORF-ER TO FOR:E'STRI_.L THE BUDGET GEFIC:IT FOR 1,3qu FOMYI ITTEEFIND
HELP COhYTf.:DL THE FUTURE DEFICITS THE JF ItFIFI'{I�MMENDRTIONS
IS 'SETTING THE. FOLLOWING GUIDELINE`:
FOR R.E;IEhIUE EHHRHCEY•1ENT +
F
1 . THE Ihp:upi N f.
I C NG I d 1 DIJI �:?O FROM
"FREE I :YSh ATHER•. TPRH THE ilfL 7:NRLL r6 VF 05 EG
.T v THI'. FI IL:IYJI. E I = FFI CASH AT 1
WITH R LEAST 1 I-F
=a II X111 Cp TO BE iI-' J AT ! 1 Lhll- T VH YJ-_ETZNG,
:.I WILL CC E' T .. MEL4 TIGHT III THIS FUND.
R Gf E.. I THE i ENLF. 1 II: t-IIJC'.G: Cn I Cllr '3=.
sm.-�LL I ]FII '-. .
ow
3. 'I-IL RIE6 AND WAGES 7HOULCI I!'I:FPASE E'4 E;ACTLV
THE APLOUNTS OF THE UHIL'N SETTLEMENTS. MUNICIPAL
WAGES SHOULD INCREASE EV .,i ON THE 1959 ERRE OF
$II]. 2_0 ,OjO TO M 159_1 FIGUR:EcOF $6,845, 000.
THE SCHOOL. WAGE:3: :91-ICILfI_D IIJCREASE. ABOUT ;. �7y ON
.— THE 1959 EASE OF $11 , 644, 01+10 TO A 1330
FINIJUHT DF
AHV IHCREri_:ES BEYOND THOSE NUMBERS DUE -0 STEP
INCB:ERMS, MERIT INT=F'L-ASE&: F'F:OWJTIONS, CPJERTIME,
NEW HIF.E3 ETC, WILL HAVE TO EE AD'3:ORSED WITHIN THE BUDGET.
4. .i -iIF`Ih10 FREEZE SW.IWI BE IMPLEMENTED. THE HEAD COUNT
FOR TOTAL F_MF`CYLES SHOULD NLIT II'dCRIERSE LIVER THE 19:39
ELICIT SET !:WITH 'VERY FEW E}p EPTIONS ' • IF FTN Et1Pl_OYEE
LEA%'ES EVERY EFFORT SHOULD BE MADE TO PROMOTE
FROM WITHIH TO FIL.I_ THAT POE:ITIJON. THE HELI HIRE,
IF NEEDED, COI ILD THEN BE Ai- IA LOWER LE%'EL OF PAY.
THIS Idu ULO IHCLUDE BOTH FIJI_!_. TIME Y. FART TIME ENP'LOYEES.
MUTE : ELCH IS THE ,: INCFE LJL IN =. ILI .. .. :FCt6.;E SIHCE 19%
I'UJH IC IPFlL SCHOOLS
4w FRUH 1920 TO 1537
FROM 'p 158: + +10. : ..
5.:.? 1 _ FUNDED 9T •t FL AS
SINCE
P'!U!-!,'CIF'AI_ SChIODU3
FF.ILM 19..^_.6 TO 19 -I- •4, 8% + 0. 5%
FF'.CIM 19:3:7 TO 13:35 ._ Ci . 1%, +1:3. 4'G
FROM 7.952: TO 1+59 + 11. 4`: +12 . 1%
I-. THE 'ELE:-: IGEN & TOM[[ ' I•IPI: ,JLu II _C' -. _.
F - -,:r FOR
fl =:1 ' I ..._D E:E. IiDfILIT 3100.00 PER
I; - SHIDI_;L.D SNI -.- LSE F-IE . dl E_. E:'r' ABOUT
P $iErJ til3u PHr.. YEAR. l -II _ -: RPF' (li.::. THE COST
III 4.=IcJrI I . .L_: 'TI I- PER 4'1114.1 HVILITHI F! OPTION
tl FI
EE 19 F isFOS[ ICH 2 LT J ER—PIDE IhI AN tMOI_UT
O FUNJ TFR54 I I II CTION v OMPOSAL.
L T :HCI -i -IN 1F OFFICIAL-,.I il_£: IUA.JI_D ATTEMPT
rIHE.` FI F . PPANUM BUDGET .OR. F'-J,IIi C:'2N TWHSISP .
THIS L:ILL ENABLE_ TOWN GFFICIHLS TO SEE WHAT EACH
FROGR!=;M COSTS . THE NEED FOR THAT F'FVGRAM AND THE
B.EHEFIT9 DEF'IVED. THIS MA':Ei: PRIi IFIITIZZHO ANY _
CUTBAC!:S MUCH EIFF IER.
ROTE, F. PILOGRflM SUDGET SHOULD GO INTO SOME DETAIL.
FOR E`RMPLE WITHIN THE FIFE DEFT THERE SHOULD EE
-- A PF.I000-AM CO::;T F'OF: AT LEAST THE FOLLOWING :
FIRE PREVEHTION PROGRAM. t9AIIJ1ENAHCE OF EQUIP.
ANEUI_AHCE SERNL=E, OCCUPAIF0.iY IFISF'ECTIONS .3: PLAN
RE'dIELJS, FIRE ALARM h1AINTENANCE, EASIC FIREFIGHTING.
ETC'..
ALL FEE SCHEC!L!.l_E�c: SHni ILD 1 FE---EXitlI`{ED ;;: THE
I iL -1_ -.H uF !-! Il7-EC .
7!-1! FI!LL-1W1T I'`1 ADDITT_Ohll=IL. LING TEF:M STEF': '. SHOULD BE LOOT:ED AT,
L'ITIH Fill EYE Tu _i it1PLYIHG LlITI-1 TOwl•l I'9EETIIJ13.S''
L-I_+?F'I II .I18. -IIJ3E IHTFJICTI0i1 F.P -1i A FINANCIAL
11E1---F.11TE!7 TC TOW14 MEETI,.!_+ BY THE FIhIC_:f.t G: THE
I_EGII ! u ! .41001-. CON"ITTEE . HO.A._O D'' I`I.uL:JED IN THIS.
INCL.JDI:H13 THE FIF.ERE•{TATION TCi TOLJI'1 MEETZ`iG. IF THEY Du
HOT LiLa . ; H �i h = ^EF OR HOT
BE OOt1F., e_T ,D OF F 'E---F1'1TED TO TO41•4 "`"ETIN0.,. THE PL:FICOL
DEF'h'IR.TME'JT I"-; TO LAF:C;E A PIECE --j THE RUC!GET T7 BE LEFT OUT
AHY F H Nli T Wd l t -ETIHI_= M . :HI" 1-17i-.D T,DL.II•{ OFFICERS
F'I]hl [EL.E F.G C-PIRSYIrl OUT.
L . IMPL.EM..ENT ',!E I ti.F.D:c;ITl01H OF A FREEZE OF
71i: - FORT T,IIJ OF THE 61 ID.: I:i_ .iOLILD LC.'EI_
.-IE TO
17 MZ lii-LFIFI�A
id-, li !Ell -11CPT THE
d.__ F07,A '.1 IH -PF +:T 'i IR..
.L___-TMEN L.1�L � :Fi ,INE FEF'.I_ .. ,11 .E -;:L.-I_._IFIFATZOF{
RI O .T •NIHE IF -M F I:3 SI II 'ICF1HT PEVEliuE TO BE
GA.i1EO EV IMPLEMENTING, THIS COHCEF'T.
THE ^u:=s IBLE E:RI-E OF THE MUNICIPAL LIGHT C''cF"i'!FITI'9EI'I"f
FIND TTS F::AMIFICATLJH,c, WILL EC SY FINC:CIM.
1 , F:1 I .�iLl- Ild CT T. I. 71
- -. , r.i. - -
1 7
•=I TING.
.. ZuhJ f�16 LF! .LSLATUFtF. ?LI AL LOI•J THE
EA F:!I'-! II _ :PILE ! j,. FI_AI_ ESTATE FUIJD" TO
PIC T'! T ' IT FljiiF1i i.F:T J: UFULD FL Li--W THE
C' F rLE-I ICI L C TIIIF P.M 1 T i :E IL1rD FOR
` I. +.i#I_ 11 f r=1f 1 IRE CNC. B SII"I�'ING
^,C: RHI-1 PFI . dCIPAL.. I' ! ! lH -�1.4 ! THE TFEI ISI REF•'.
::=JI1 ! -T 7H-. P-MD FJR1-1111U-ii1 -.HrI =F:01;AB! Y
G. FRI!fO ITIIII 1 CJ'. EF.IDC7 SHOULD BE INVESTIGATED.
�-'
THE SELECTINEN :=HCI-:LD PROBABLY LEAD IhJ THIS OPTION.
• •.=!'c'E :TAIJD--E"-r' F'I t=!IJ` F:EAD"r' TO II•lPLEt1El•IT EfIFL04'EE
ATTRITTMI , POSSIBLY IN TONJAICTION 14ITIA R
HIRING FR.Er__E.
AS F'INCOM STATED THE OTHER NIGHT, IT IS WRUNG TO SAY THAT
EVERY WEAR HE CRY "DECIM e•: GL CII IPI" BUT WE ALWAYS WAKE IT
THROUGH. ONE OF THE 11AFOR REASBH:: WE MFIKE IT THROUGH
IS PI ST TCWH OFFICIALS: HAVE REFITTED TO THREATS TO OUR.
FINI--4-0- : IL STABILITY 91 A LES ONJIDI_E MAI-AlCF:_ LISTED BELOW
FIFE A hill MEF: OF ACTIONS TAKE ! OWE='. THE LAST FEW YEARS,
- ThVOI .IHICH
THE rJRELH:3T DEFII:IT,_ W!-JULD BE AT LEAST
-i.1 11ILLION DOLLAF.=1 MOPE PER. YEFF:.
1.. A :7TARILIEATION FUND WHICH WA:-; E3'TAE:1—I_:HEO BY
71:NCO " b.HICH RESP-;TED REGUE3TS TO !ISE THE
FAXESS . E Sit` EDIATLY. Thai MA E, FELF•ED
GE' I F:[,I I;H BCII9E PA IhIFUI_ TINES F1hIC SIJ'=;`
-0 OUT L AGTI•.
2. FI'• L RI-I = 1 . - FUO WE HHO _RtAL YEARS OF
S D FTS ALMOST LEVEL, . 1A:1[ EL'I OR FIII'EED FIT D 1 ;2Y..
WI' 01.!T THAT D _;TF.:AI i OUL 7.. DEF --iT TAB-, YERR.
^._1_L_O E:E OVER'. r:;.e';:•., CU-0 HOR.E.
r :F [ ..J f r HOT I'I DE THE t f .. DIF ICULT CEM . ION
1+ T:J D OFF F _ REM. E:naE hE : OLD HJT WAVE HAD
-I-, - -
ADIO -_7 -.IITC,:E3T TO FIHAHCE: THli-: YEAR' BUDGET
•ildC WC111 11 ' r it-"71VE HDI IIT TH IH :E-:F_ST
TO 71HRun SIFITFL C .'ITI DE= : IDE
'.. 1 ;;-i d. - ! At i _ . Q F TOWN
AnOn. 0,11_ _N DETT :OO WALL RECALL.
' IO!. CI 113 CI I =:1:011 wli_:.
THE FINANCE 1-041H[TTEE. DOE:., NOT FEET_ WE 3:HOIJLD SIT IDLY
1=1110 WRING OUR HAND!s, ABOUT THE SAID FLIGHT OF MUR FINANCES.
TOW:JS 1R OU11D US ARE NOW FACTO READING
IS 11H EETTEFI :5:1-iFIFl3 THAN TI-I:--1SE TM&IS, FFIRT I FILLY BECAUSE WE HATE
HF-J-! AFL. . .,11_1_111:; PEOFUE 11110 WORIVED VERYHARD AND RADE
HF—VC DECISICKS, CUCH FCC TH II_IE G;C� . , WHICH HH'_: GIVEN
-.-.!OrHI 11+: LANG :L Ill: T.-1114 t ,::01 !NG Ijg C'EN'LT HAVE.
TO USE UP ALL THE RESEM,'E,S THE TOWN HRSWORI: ELI SO HARD
T:j ^,OCLI III F4TE '. `'THOU"r EFFORT TO CONTROL.
liSTC R :,411 , FPIlPLHHMJY. THOSE F'.E'. 'EFVES,
IF LGED TO DRuOICE THE BUDGET HILL IL Y .ST A FEW YERR:i.
1 'FC.E. THE F 3E6:'. C : FIFF f: 11 i:: THE IIISINE THEY GEF, RATE) IS
[ IL :S.CI CL I? '. HE: T Jldli l II L. LE 1:11 A CF1TASTRCIF'HIC SITUATION.
v WE CFIITHOT CGI }JT AN THE :;:TATE TO HF_LF'. IF THE STATE HAD
[T- II TO 1=:1_ II 1 If; -:'r' 1:-,% THIS _IIULD ONLY BE
N ACCI .1 ..,1FIL_ 1600, 0001 TO $7=000. THE TORN IS LOOKING
AT DEFICITS OF 'OOM 9 IN 1990 illi ICH WILL REACH
j CLOSE TO $5.000, 000 EY 1995, IF WE 00 NOT START TAf: ING
STEPS THIS YEAR. TO C:OVITF.:OL OUR BUDGET. THE STATE CANNOT
BE EXPECTED TO COVER ALL OF THOSE DEFICITS.
THE FIHCOM FEELS HOHF_ST ATTEI1PTS 'SHOULD BE MADE TO
ADHERE TO ALL THE GUIDELIHE.S LISTED ABOVE. EVERY
AVENUE FOR: LEGITIMATE REVENUE ENHAHCENENT RHD CAREFUL
CASH AHO BUDGET fIAHAGEt1ENT SHOULD BE FOLLOWED.
PLEASE CONTACT ANYONE FROM FII•ICOM IF THERE ARE RHY
QUEST I OI•{��.
DOHRLD C. ALLEN,
CHRIR49AN, FI.HCOM.
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