HomeMy WebLinkAbout1993-05-19 Finance Committee MinutesFinance Committee Meeting E
May 19., 1993 h ZiI
The meeting convened at 7:30 p.m. in the conference room, at
16, Lowell Street, Reading, MA.
The following members were present: Chairman Richard Coco,
Fred Van Magness, Jim Keigley, Nate White,;Gerry MacDonald,
Bill Murphy, Bill.Albr_o, Liz Greene and Town Manager
Peter Hechenbleikner.
On motion by Fred Van Magness seconded by Gerry MacDonald the
committee voted to approve the April 28, 1993 Minutes. The
motion was approved with a vote of 6-0-2, with Richard Coco
and Bill Albro abstaining.
On motion by Fred Van Magness seconded by Gerry MacDonald the
committee voted to approve the transfer of $580.00 from the
reserve fund to account #01-012-5301, Town Manager_ Expenses.
The motion was approved with a vote of 8-0-0.
On motion by Fred Van Magness seconded by Bill Murphy the committee
voted to transfer $1,000.00 from the reserve fund to account
#01-041-5306, Labor Counsel. The motion was approved with
a vote of 8-0-0.
On motion by Fred Van Magness seconded by Gerry MacDonald the
committee voted to approve the transfer of $700.00 from the
reserve fund to account #01-850, Property and Casualty Insurance.
The motion was approved with a vote of 8-0-0.
On motion by Fred Van Magness seconded by Gerry MacDonald the
committee voted to approve the transfer of $100.00 from the
reserve fund to account #01-021, Finance Committee Salaries.
The motion was approved with a vote of 8-0-0.
On motion by Fred Van Magness-seconded by Jim Keigley the committee
voted for the Chairman to write and send a letter to the Municipal
and School Departments requesting that the finance committee
would likeY mfake.sure that they exercise due fiscal restraint
and allow y funds be returned to free cash. The motion
was approved with a vote of 8-0-0.
Fred Van Magness requested a quarterly review in terms of where
we are as far as expenditures with both the Municipal and School
Departments.
Respectfully submitted,
;Lisa Zanni
Secretary