HomeMy WebLinkAbout1988-02-23 Finance Committee Minutes FINANCE COMMITTEE MEETIF413 02/23ZS8
ABSENT: MUCCI, MWOMENAMIN
MEETING CALLED TO ORDER AT 7 :35
TED t90INTYRE OF THE U.P.W. WAS ON HAFJD FOR AN ENCORE
PERFORMANCE OF HIS POPULAR SHOW & ICE SHOW.
SPECIFICALLY MR7 MCINTYRE REQUESTED R TRANSFER FROM THE
RESERVE FUND TO SNOFd R: ICE IN THE AMOUNT OF $46,000.00.
IF ALL INVOICES WERE PAID THE ACCOUNT WOULED REFLECT R
NEGATIVE BALANCE OF $44, 1222.00. THIS IS DUE TO THE MOST
RECENT STORM LAST WEEKEND. THE ICING CONDITIONS WERE VERY
DIFFICULT TO DEAL WITH AND WITH EQUIPMENT BREAKDOWNS,
SANDING & SALTING ETC IT WAS AN EXPENSIVE STORM.
VOTED TO APPROVE TRANSER OF $46,000.00. . 6-1-0
THE CHAIRMAN ASKED THAT THE MEMBERS PLEASE WAIT TO BE
R:E000NIZED BEFORE SPEAKING, AND TRY TO KEEP SIDE CONFERENCES
7 TO A MINIMUM. THIS WILL KEEP CHAOS TO A MINIMUM AND ALLOW
SPEAKERS TO FEEL THAT SOMEONE IS LISTINING TO THEM.
IT WAS AN141-11-INCED THAT HUMAN SERVICES BUDGET REVIEW HAD BEEN
MOVED TO MARCH S, AND THE DISCUSSION OF WARRANT ITEMS
SCHEDULED FOR MRR 3, MOVED TO MARCH 10.
PRESENT WERE RICHARD FOLEY, TOWN ACCOUNTANT AND BETH K..LEPIS,
TF:EFC3UR:EF:/COLLECTOR: TO PRESENT THE FOLLOWING BUDGETS.
ACCOUNTING, ASSESSORS DIVISION, TREASURER/COLLECTOR,
DATA PROCESSING, RETIREMENT, LONNG TERM R: SHORT TERM DEBT.
WHEN DISCIJS>;IOFJ OPENED IT BECAME OBYIOUS THAT NONE OF THE
PERSONAL SERVICES PORTIONS OF THOSE BUDGETS HAD BEEN UPDATED
III THE "R:EVISED CURRENT YEAR(" COLUMN FOR. THE RECENT
SETTLEMENT FUNDED BY A RESERVE FUND TRANSFER OF $48, 123.
FOR RETROACTIVE PAY TO 7:'1,'87 THRU WHAT IS CONTEMPLATED AS
THE COST THRIJ 6/30,'8.8. VOTING ON THE PERSONAL SERVICES
PIORTION OF THOSE BUDGETS WILL OCCUR. WHEN THE TOWN MANAGER
SUPPLIES THAT INFORMATION.
IT WAS DECIDED TO REVIEW THE E.•:PENSE PORTIONS OF THE BUDGETS
AND THE FOLLOWING VI3TE`i OCCURRED.
VOTED TO APPROVE. ACCOUNTING-NON PERSONAL EXP $1 , 450.00
BY A VOTE OF 7-0-0.
APPROVED DATA PROCESSING NON PERSONAL EXPENSE -/63,840.00
BY A VOTE OF 7-0-0
APPROVED DATA PROCESSING - CAPITAL $37, 500. 00 B4' A VOTE OF
7-D-O
APPROVED DATA PR:OCESSIFIG OUT OF STATE TRAVEL-$700.00 BY A
VOTE OF 7-0-0
ASSESSMENT DIVISION HAD R TOTAL BUDGET OF $146,591. of WHICH
$35,400. WAS FUNDED WITH ENCUMBERED FUNDS FROM ART 31 OF THE
APRIL 19.85 TOWN! MEETING. DEANE HASK.ELL QUESTIONED THE USE OF
THESE FUNDS . THE ACCOUNTANT STATED THAT THIS WAS A PROPER
USE OF THOSE FUNDS AND MR HASKELLL DISAGREED. TOWN COUNSELS
OPINION WILL BE SOUGHT FOR THE NEXT MEETING. IF TOWN COUNSEL
RULES AGAINST USE OF THESE FUNDS IT COULD SLOW THE
IMPLEMENTATION OF THE STATE CDMA ASSESSMENT PROGRAM, SOME OF
THIS PROGRAM IS SCHEDULED TO BE PAID FOR IN THE CURRENT YEAR
WITH THOSE ENCUMBERED FUNDS. MR HASKELL ALSO QUESTIONED THE
PROPRIATY OF THE ASSESSORS DOING THE COMMERCIAL REVAL. AND
THEN SITTING ON THE BOARD THAT APPROVES ABATEMENTS.
APPROVED ASSESSORS NON PERSONAL EXP-55.600.00 BY VOTE OF
6-1-0
APPROVED ASSESSORS CAPITAL- $12,500.00 BY VOTE OF 4-2-1
THE ACCOUNTANT ALSO PRESENTED THE NON CONTRIBUTORY
RETIRENMENT BUDGET .
APPROVED NON CONTRIB RETIREMENT-563. 100.00 BY VOTE 7-0-0
APPROVED LONG TERM DEBT SERVICE IN THE AMOUNT OF $9659,920,00 BY
A VOTE OF 7-0-0
APPROVED SHORT TERM DEBT SERVICE-$215, 000.00 BY VOTE OF
7-0-0
IT IS HOPED THAT THE PROCESS OF BUDGET REVIEW WILL BECOME
MORE EFFICIENT AS THE WORK PROCEEDS.
MR. H9Sf:ELL WILL PRESENT A MMINOROTY REPORT REGARDING FUNDING
OF PORTION OF THE ASSESSORS BUDGETS WITH ENCUMBERED FUNDS
WHICH MAY BE EARMARKED FOR OTHER. PURPOSES.
MEETING ADJOURNED AT 11105
CLERK: OF THE COMMITTEE
DON ALLEN