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HomeMy WebLinkAbout2023-06-28 Finance Committee Packet Town of Reading Meeting Posting with Agenda 2018-07-16LAG Board -Committee -Commission -Council: Finance Committee Date: 2023-06-28Time: 7:00PM Building: Reading Town Hall Location: Select Board Meeting Room Address: 16 Lowell StreetAgenda: Purpose:General Business Meeting Called By:Jacquelyn LaVerde on behalf of Chair Ed Ross Notices and agendas are to be posted 48 hours in advance of the meetings excluding Saturdays, Sundays and Legal Holid operation and make necessary arrangements to be sure your posting is made in an adequate amount of time. A listing of topics that the chair reasonably anticipates will be discussed at the meeting must be on the agenda. All Meeting Postings must be submitted in typed format; handwritten notices will notbe accepted. Topics of Discussion: This meeting will be held in-person at Town Hall in the Select Board Meeting Room, and remotely via Zoom: WƚźƓ œƚƚƒ aĻĻƷźƓŭ ŷƷƷƦƭʹΉΉǒƭЉЏǞĻĬ͵ǩƚƚƒ͵ǒƭΉƆΉБЎБЎЌЌЎЍЊЋЏ aĻĻƷźƓŭ L5ʹ БЎБ ЎЌЌЎ ЍЊЋЏ hƓĻ ƷğƦ ƒƚĬźƌĻ њЊЏЍЏЎЊБВБЉЎͲͲБЎБЎЌЌЎЍЊЋЏϔ { ΛbĻǞ —ƚƩƉΜ њЊЏЍЏЎЎББЏЎЏͲͲБЎБЎЌЌЎЍЊЋЏϔ { ΛbĻǞ —ƚƩƉΜ 5źğƌ ĬǤ ǤƚǒƩ ƌƚĭğƷźƚƓ bĻǞ —ƚƩƉΜ Find your local number: https://us06web.zoom.us/u/keffUnYNiU AGENDA: Welcome New Finance Committee Members Liaison Reports Vote on FINCOM Reserve Transfer Request: Forestry Bucket Truck Discussion onGrove Street parking lot on Lot 5 Discuss FY24 Meeting Schedule Future Agenda Items Approve Meeting Minutes This Agenda has been prepared in advance and represents a listing of topics that the chair reasonably anticipates will be discussed at the meeting. However the agenda does not necessarily include all matters which may be taken up at this meeting. Page | 1 Finance Committee: Request for FY23 Reserve Fund Transfer To: FINCOM From: Fidel Maltez, Town Manager Date: May 25, 2023 It is respectfully requested that a transfer for $10,000 be made from the FINCOM Reserve Fund to the accounts shown below, for unforeseen or extraordinary expenses: 16508584-584405 Forestry Bucket Truck $10,000 The FY22 Capital budget included $275,000 for a Forestry Bucket Truck. Our staff researched and tested several units and in February 2022 chose a unit with the best options and attachments for our use. A purchase order was created for $258,523.00 releasing the excess ($16,747 to the general fund). The truck has a one-year build cycle. In February 2023, we checked on the status, and found that the manufacturer could not deliver the same truck for the original quote due to unforeseen increases in some of the components. I am requesting $10,000 to absorb the increase. TOWN OF READING FINANCE COMMITTEE DRAFT MEETING SCHEDULE - FY24 ЋЉЋЌ LocationTime July 26thFINCOM: Regular MeetingTown Hall7:00 PM August 23rdFINCOM: Regular MeetingTown Hall7:00 PM Setpember 20thFinancial Forum I7:00 PM Vote on Recommendations/Guidance for FY24 Budget October 18thTown Hall7:00 PM Vote on Warrant Articles for November Subsequent Town Meeting October 25thFinancial Forum II7:00 PM November 1stFINCOM: Regular Meeting (if needed)7:00 PM November 13thSubsequent Town Meeting IRMHS PAC7:30 PM November 16thSubsequent Town Meeting IIRMHS PAC7:30 PM November 20thSubsequent TownMeeting IIIRMHS PAC7:30 PM November 27thSubsequent Town Meeting IVRMHS PAC7:30 PM T December 6thTown FY24 Budget Meeting with Select BoardTown Hall7:00 PM December 12thTown FY24 Budget Meeting with Select BoardTown Hall7:00 PM TBDSchool FY24 Budget Meeting with School CommitteeRMHS Library ЋЉЋЍ F TBDSchool FY24 Budget Night 1RMHS Library TBDSchool FY24 Budget Night 2RMHS Library TBDSchool Public Hearing: FY24 BudgetRMHS Library TBDSchool FY24 Budget Final VoteRMHS Library February 28thFINCOM: SchoolBudgetTown Hall7:00 PM A March 6thFINCOM: TownBudgetsTown Hall7:00 PM March 13thFINCOM: Town Budgets (continued), Vote Budgets & TM ArticlesTown Hall7:00 PM March 20thFINCOM: Vote Budgets & TM Articles (if needed)Town Hall7:00 PM April 2ndTown ElectionRMHS Field House April 22ndAnnual Town Meeting beginsRMHS PAC7:30 PM R June 26thFINCOM: Year-End Meeting (if needed)Town Hall7:00 PM D