HomeMy WebLinkAbout2022-04-25 Finance Committee MinutesTown of Reading
? Meeting Minutes
Board - Committee - Commission - Council:
Finance Committee
Date: 2022-04-25
Building: School - Memorial High
Address: 62 Oakland Road
Purpose: General Business
Attendees: Members - Present:
Time: 6:30 PM
TowNEIVED
R. -A ?In,CLERK
. MA.
2022 JUN 30 4M 8:01
Location: Performing Arts Center
Session: Open Session
Version: Final
Chair Ed Ross, Vice Chair Jeanne Borawski, Geoffrey Coram, Joe McDonagh,
Marianne McLaughlin -Downing, Mark Zarrow
Members - Not Present:
Eric Burkhart, Andrew Mclauchlan
Others Present:
Town Accountant Sharon Angstrom, Town Manager Fidel Maltez
Minutes Respectfully Submitted By: Jacquelyn LaVerde
Topics of Discussion:
This meeting was held in-person at the Performing Arts Center of Reading Memorial High
School, prior to the start of Town Meeting.
Chair Ed Ross called the meeting to order at 6:35 pm.
Town Accountant Sharon Angstrom reviewed the revisions to the spending scorecard. The
spending scorecard reflected the original high numbers received from the MWRA, but when
the new figures came in, the spending scorecard was not updated. The water total was
$135,000 too high, and the sewer total was $170,000 too high. The support in the warrant
report was correct. The corrected figures were $8,147,447 for water and $7,328,050 for
sewer.
On a motion by Ms. Borawski, and seconded by Ms. Downing, the Finance
Committee voted 6-0-0 to approve the revised line item W99 amount of
$8,147,447.
On a motion by Mr. McDonagh, and seconded by Mr. Zarrow, the Finance
Committee voted 6-0-0 to approve the revised line item X99 amount of
$7,328,050.
On a motion by Ms. Borawski, and seconded by Mr. McDonagh, the Finance
Committee voted to adjourn at 6:42 pm.