HomeMy WebLinkAbout1987-10-15 Finance Committee Minutes Finance Committee Meeting
Oct 15, 1987
Present: Allen,McMenamin,Cataflamo,Mucci,Lynch,Harrison,
Absent: Haskell,Burditt,Greene
The meet}ng opened on time at 7: 30.
The Commottecstarted to review the Fall Warrant items which
have not been acted on.
Article 5. Gives the Selectmen Authorijj"to ammend the
Persennell Classification Plan and Compensation
Plan without Town Meeting Approvgl.
The Chairman had checked with Town Counsel and
this Article is consistant with the Charter and
hence could be enacted. Discussion revealed some
unease with giving this authority to the Selectmen.
Approved 9-2-0
Articles 6 and 7which are for Town Meeting Approval of
Schedule A - Personnell Classification Plan and Schedule
B-Compensation Plan were not voted on for 2 reasons.
1. Approval of Art. 5 mad;—both Article 6 & 7 unnecessary.
2. The Committee did not have copies of Schedule A & B
At this time Randy Harrison read a statement of his concern
for the town's future financial condition & expressed his
hope that the Real Estate Funds would be used wisely by the town,
He enumerated the pending financial pronlems such as: Unfunded
Pension Liability, Costs connected with the development of the
Landfill, W.R.A. Sewerage Costs, Road Repairs etc. -
In conjunction with this statement the chairman distributed
several spread sheets of the Budget Forcasts for the next
ten years. After much discussion and refining it was decided
to rearrange the data into a format which would indicate how
muph the town could spend for capital projects (either through
Bonding or paying from R/Est funds) Dick Lynch in particular
would like to see if FinCom can come up with a formula for
financing future Capital projects. The Chairman will attempt
to reorganize the Spreadsheets.
iY
Article 18, requests 50,000. 00 for a study f6r construction
of a new Central Firestation along with plans
and costs.
A roved 5-1-0
Reconsidered 6-0-0
Brian McMenamin stated that he felt that the
finances of keeping the Woburn St. Fire Stating
open had not been addressed in the studv by the
consultant Mr. Paul
Finance Comm. 10/15/87 Meeting
Art. 18 Continued
McMenamin made an ammendment to change the wording of
the Article to include the phrase "to include funding
for a study of the cost-benefits of maintaining the
Woburn St. Fire Station in conjunction with the new
Central Fire Station.
rendment a roved 5-1-0
Art 8 approve as ammended 5-1'-0
Note: The wording will not be part of the article to be presented
to town meeting,since Fincom can only approve or disapprove
an article,but the wording will be included in Fincoms
opinion of the article. An ammendment could then be
proposed from the floor (Sy McMenamin?) to effect the
above wording.
Article 21. - Requesting funding for Town Hall, Library
Project.
Nils Nordberg from the Mun. Space Comm. was
present to answer questions. After much discussion
the meeting was adjourned at 10: 30 with no vote
on art. 21.
` The discussions of the financial impact of
Art 21 (The Town Hall Project) and the proposed
New Fire- Station and how these fit into the
towns finincial future will continue at the
next meeting.
Don Allen
Sec ?