HomeMy WebLinkAbout1988-05-03 Finance Committee Minutes 'L FINANCE COMMITTEE MEETING
A/ MAY 5. 1958 - HELD AT READING HIGH SCHOOL
MEETING CALLED TO ORDER AT 7 ;05 PH
A MOTION WAS MADE TO CON'V'ENE TO EXECUTIVE SESSION
TO DISCUSS A PERSONNELL SITUATION.
AFTER THE EXECUTIVE. SESSION THE COMMITTEE WILL REVERT
TO FII•! OPEN SESSION.
THE 'MOTE TO ENTER EXECUTIVE SESSION FOLLOWS:
ALLEN - AYE, BUROITT - AYE. HASKELL - AYE,
MCNENAMIN - AYE, CATALFAMO - AYE.
THE VOTE WAS 5-0-0
A RESERVE FUND TRANSFER OF $10, 000.00 VOTED BY VOTE OF
5-0-0 ($2,634 council on age sa.larY 8: 27.4E legal exPense)
RECONVENED TO REGULAR SESSION AT 7; 15. REPRESENTATIVES OF
THE SCHOOL COMMITTEE AND DR. MUNNELLY 8: RON WINSLOW WERE
PRESENT TO PROVIDE BACKGROUND ON ART. 19 (MOVE SCHOOL DEPT.
OFFL3ES TO FOCUS AREA OF HIGH SCHOOL AT COST OF $200,000).
THE NUMBERS WERE APPARENTLY REASONABLE BUT FINCOM FELT THAT
IT IJOULD RATHER ADD $18,000. TO SCHOOL BUDGET FOR TOTAL REFIT
AMOUNT OF :0,000 IN THAT BUDGET, AND HAVE SCHOOL DEPT REMAIN
AT THEIR GOULD ST. OFFICES. THE REASONING IS WE WOULD RATHER
GAMBLE 218, 000 NOW IN HOPES THAT IT I4ILL SAVE IS $200,000
IN FALL IF THE PEARL ST SCHOOL BECOMES A NEW TOWN HALL. (THE
COST OF THE SCHOOL DEPT IS ALREADY IN THE AMOUNT ESTIMATED
TO RENOVATE PEARL ST. ) THAT SEEMS MORE PRUDENT THAT TO SPEND
$200,000 NOW AND FIND IN THE FALL .THAT THE SPENOINO WAS NOT
NECESSARY. VOTE TO RECONSIDER ART 19 WAS 7-0-0
VOTED NOT TO RECOMMEND ART 19 IN THE AMOUNT OF 2200, 000 BY A
VOTE OF 0-6-1
FINCOM DECIDED TO HAVE MR. BURDITT MAKE A MOTION TO INCREASE
THE SCHOOL BUDGET BY 318,000. (ART 9 LINE 100) IF ARTICLE
19 IS DEFEATED.
ABSENT: LYNCH, MUCCI
MEETING, ADJOURNED AT 8 : 00
DONALD ALLEN
CHAIRMAN , SECRETARY
AND CLERK.
C