HomeMy WebLinkAbout2000-06-28 Finance Committee Minutesi.. D
~ Finance Committee Meeting ~;MASS.
June 28, 2000
1600 ti116 A 10: S~
The meeting convened at 7:30 p.m. in the Town Hall Conference Room, 16 Lowell
Street, Reading, Massachusetts. Present were Chairman Carol Grimm, Vice Chairman
Richard McDonald, Finance Committee Members Catherine Martin, James Francis, Paul
Kurker, Neil Cohen, Charles Robinson, Mary Grimmer, Finance Committee Appointee
Andrew Grimes, Town Manager Peter Hechenbleikner, resident Kendra Cooper.
Approval of Minutes
On motion by Francis seconded by Robinson, the minutes of April 24, 2000 were
approved, as amended, by a vote of 8-0-0.
On motion by McDonald seconded by Martin, the minutes of May 1, 2000 were approved
by a vote of 8-0-0.
On motion by Francis seconded by Grimmer, the- minutes of the Executive Session of
May 29, 2000 were approved by a vote of 6-0-2, with Kurker and Robinson abstaining.
On motion by Grimmer seconded by Cohen, the minutes of March 29, 2000 were
approved, as amended, by a vote of 6-0-2, with Kurker and Robinson abstaining.
Liaison Reports
Catherine Martin reported that the open space work is progressing. She also reported that
the Audit Committee will do a focus on cash collections and dispatch, and use of credit
cards in Recreation.
The Finance Committee presented Paul Kurker with a token of their appreciation. This is
Paul Kurker's last meeting as a Finance Committee Member. He expressed his
appreciation to the entire Finance Committee for the experience.
Reorganization
On motion by Grimmer seconded by Cohen, Carol Grimm's name was placed into
nomination for the Finance Committee Chairmanship for FY 2001.
On motion by Francis seconded by Cohen, a motion to close the nominations was
approved by a vote of 8-0-0. Carol Grimm was voted Chairman by a vote of 8-0-0.
On motion by Kurker seconded by Martin, Richard McDonald was nominated to serve as
Vice Chairman for FY 2001.
On motion by Grimmer seconded by Robinson, a motion to close the nominations was
approved by a vote of 8-0-0. Richard McDonald was voted Vice Chairman by a vote of
' 8-0-0.
Finance Committee Meeting - June 28, 2000 - Page 2
Reserve Fund Transfers
Town Manager Peter Hechenbleikner reviewed the budget transfers. A great deal of time
was spent on the need for a budget transfer for Town building maintenance. A large
amount of it was for overtime.
On motion by Francis seconded by McDonald, the Finance Committee approved the
following reserve fund transfers:
Amount
Account
Requested
01-015
General Services Salaries
100
01-042
Personnel Expenses
2,000
01-045
Technology Expenses - Phone
1,000
01-052
Elections Salaries
775
01-062
Community Development Expenses
700
01-080
Building Maintenance Capital
1,000
01-111
Police Salaries
10,000
01-121
Fire Salaries - Sick Leave Buyback
10,000
01-131
Police/Fire Indemnification
1,000
01-206
Building Maintenance
18,075
01-541
Elder/Human Services Salaries
1,600
01-631
Recreation Salaries.
600
- The motion
was approved by a vote of 8-0-0. The Fi
nance Committee asked that the
issue of building maintenance be put on a Fall agenda.
Recap FY 2001 Budget Process, Plans and Schedule for FY 2002
The Town Manager reviewed the status of revenues. He noted that although the new
growth, payment in lieu of taxes, and earnings distribution electric are lower than
anticipated, the increase in the lottery receipts from the State more than offset those. The
projections do not include any increase in the Chapter 70 moneys which may be
forthcoming when the State budget is approved.
At the Financial Forum Meeting on July 10`h, we will focus on an update of all
information available currently, and try to focus on a schedule for developing a financial
plan.
On motion by Kurker seconded by Martin, the Finance Committee voted to adjourn their
meeting of June 28, 2000 at 8:30 p.m. by a vote of 8-0-0.
Respectfully submitted,
S reta