HomeMy WebLinkAbout2010-04-26 Finance Committee MinutesOFR,EAD -
Finance Committee Meeting
Dr a a April 26, 2010
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Performing Arts Center of Reading
The meeting convened at 7:05 PM in the Performing Arts Center of Reading Memorial High School
FINCOM Members Present: Chairman George Hines, Barry Berman, Kevin Leyne, Bryan Walsh,
Marsie West and Mathew Wilson
Members Absent: Vice Chairman David Greenfield, Hal Torman• and Tom White.
Also Present: Assistant Town Manager/Finance Director Bob LeLacheur
There being a quorum the Chair called the meeting to order at 7:05 pm.
Public Comment:
No comment.
Annual Town Meeting Warrant Articles:
Mr. LeLacheur explained the changes made to Article 5 (FY10 budget amendments) since the budget
was printed. A new police officer has been hired, so there is a need to pay $3,000 tuition up front. The
officer will repay this amount through payroll deductions which are reimbursed to the general fund.
The Board of Assessors has $10,000 less in excess wages due to ongoing consulting needs. They will
be in to see FINCOM at their May meeting to explain further details. The Fire department needs
$10,000 less in OT than previously projected. Lastly, due to a recent uptick in Veteran's Assistance,
another $20,000 is needed to last the rest of FY10. This expense is 75% reimbursed in the FYI I state
aid.
On a motion by Ms. West, seconded by Mr. Walsh, FINCOM voted to accept Article 5 as
amended by a vote of 6-0-0.
FY11 Budget
Mr. LeLacheur asked FINCOM to re-vote line K92 (Community Services expenses). The previous
vote was on a total figure that was $25,000 less than had been shown in the budget due to a clerical
error on Veteran's Aid for FYI 1.
On a motion made by Mr. Walsh, seconded by Ms. West, FINCOM voted to approve the budget
line item K92 (Community Services expenses) at $215,485 for FY11 as shown on page 64 of the
Annual Town Meeting Warrant by a vote of 6-0-0.
On a motion by Mr. Berman, seconded by Ms. West, FINCOM voted to adjourn at 7:12 PM by a
vote of 6-0-0.