HomeMy WebLinkAbout1991-11-26 Finance Committee MinutesRECEIVED
MNUTES MY N CLERK
FINANCE COMMITTEE C1 D I IN Cs. ~ r S no.
TI 5`'4 Jpm
DATE: November 26, 1991
FEB
Present: Bill'Burditt, Chr. Absent: Nick Agneta
Fred VanMagness, Vice Chr.
Peter Dahl Press: Maria Silvagi, Chronicle
Nate I bite
Gerry MacDonald Guests: Bob Munnelly, Supt.
Caroll McMillan Lynn Bak, Asst. Supt.
Richard Coco Barbara Philbrick, Chr.
Elizabeth Greene Matthew Cummings
Tim Toomey
George Heinz, Selectman
1
i
Meeting called to order by Bill Burditt. Bill read letter of resigna-
tion received from Nick Agneta. Nick had to resign to to family illness.
He had hoped to prolong this, but felt it in the best interest of the
Fin Comm. Bill will contact Pete Hechenbleikner, TM and seek to screen
for a new member.
It was explained that the $30K for the consultant at the.school was
funded by a ,state grant (Chap 94-142 Spec Ed). This was not funded
from the general school budget. Bob Munnelly requested that if a
member had concerns regarding items relating to the schools, he would
appreciate a call and he would be happy to .explain. Adverse comments
and publicity only create more confusion.
It was noted there will be over $1.1 million shortfall for FY 93. TM
wants all available funds expended, real estate, stabilization fund,
etc. TM to present balanced budget to Fin Comm. Fin Comm wants to
set aside free cash and hold ($100,000).
Bob Munnelly'reviewed school budget position based on TM figures. Some
perceive the teachers step increases as a pay increase. Bill Burditt
stated that the step-increases represent 5 teaching job.
A question was raised as to the obligation to pay step increases by
Caroll McMillan, since contracts have not been resolved or settled.
Bob Munnelly gave review of step increases, what they are and how they
play out. He also reviewed the one time revenue make-up and the agree-
ment with Fin Comm to consider this. There needs to be confidnece and
trust between the SC and FC, lets get out on right foot.
Comments regarding the article in the Chronicle were made by SC as well
as FC and the concensus was that the comments were meant to be supportive
and not critical. Issues are the need for better working relationship,
need to move forward by all departments.
Matt Cummings suggested visiting schools, talk with teachers, students,
parents.
MINUTES - Finance Committee - 2 - 11-26-91
Caroll McMillan suggested ? elimination of step raises, there is
and 8% unemployment rate, rebuild the school department with what
funds we have. There is always an.overide option.
Bill Burditt mentioned that schools are a priority and they will
have $650K less than last year.
Fred VanMa.gness mentioned that we have to decide to do with less.
Point of fundemental change.
Bill Burditt reminded everyone of the all boards meeting on 12/10.
The 60/40 issue came up again and all present made various comments
as to eliminating term and use.
A working target of $650K was set for the SC for their budget delibera-
tions.
Bill Burditt presented the final bill from Pete Marwick for the audit.
Motion was made for approval of same in the amount of $10,000 by Gerry
MacDonald, seconded by Fred VanMagness. Vote 8-0-0.
Motion to adjourn, seconded and passed.
Respectfull submitted:
Gerry MacDonald
Acting Secretary