HomeMy WebLinkAbout1991-10-21 Finance Committee MinutesRECEIVED
TOVIN CLERK
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FINCOM Meeting of 10/21/91
Meeting was called to order by Chairman Bill Burditt at 7:40 pm.
FINCOM members in addendance were: Chairman Bill Burditt, Vice
Chairman Fred Vanmagnus, Gerry Macdonald, Pete Dahl, Dick Coco, Marty
McWilliams, Liz Green and Nate White. Dick Coco agreed to act as
Secretary Pro-Tem. Maria Silvaggi of the Chronicle was present as the
representative of the press.
The chairman read a lette
Due to a change in location of
him to continue as a member of
letter Bill Burditt as well as
of Marty in working with FICOM
thanks.
r of resignation from Marty McWilliams.
his employment travel time will not allow
FINCOM. Following the reading of the
several members acknowledge the efforts
since his appointment and extended their
The chairman announced a meeting of the Massachusetts Association
of Finance Committees to be held at Framingham State College on 11/9/91.
Cost is $25 Per attender. Both Bill and Nate expressed interest in
attending and will pay the fee themselves if they do decide to
participate.
Main agenda item for this meeting was the review of the Warrant
for the November Town Meeting to be held 11/12/91. Review by
Article thast required FINCOM consideration followed. Attached
Subsequent Town Meeting Warrant is included for reference.
* Article 7. Motion by Fred Vanmagnus second by Gerry Macdonald to
approve the intent of Article 7. Voted Affirmative: 8/0/0.
* Article 9. Gift of Land to Reading by Dominic or Edward J. Mazzola.
Motion by Fred Vanmagnus second by Gerry Macdonald to approve the intent
of Article 9. Voted Affirmative: 7/0/1 with Dick Coco abstaining.
* Article 10. Motion by Fred Vanmagnus second by Gerry Macdonald to
approve the intent of Article 10. Voted Affirmative: 6/2/0.
* Article 11. Recind all or part of bond issue for School Roof
(Killiam) and new Fire Truck. Motion by Fred Vanmagnus second by Gerry
Macdonald to approve the intent of Article 11. Voted Affirmative: 7/0/1
for School Roof Bond (Liz Greene abstaining) and 8/0/0 for Fire Truck
Bond.
* Article 12. Requests Town Meeting transfer of unexpended High School
Roof funds for school attendance computer in schools. Several issues
were raised during discussions primarily the sense that school
department should take these monies from their operating budget and also
the proper accounting procedures were required to separate capital
improvement funds from operating budget funds. Main motion by Fred
Vanmagnus second by Gerry Macdonald to approve the intent of Article 12
Failed 2/5/1/. An amendment made during the discussion that changed the
wording for approval of the Article Passed 5/2/1. Abstaining Liz
Greene for both votes.
* Article 13. Motion by Nate White second by Gerry Macdonald to approve
the intent of Article 13. Voted Affirmative: 8/0/0.
* Article 14. Since cost was not avaliable at this time subject of
Article 14 was postponed to a future time when more data would be
available.
* Article 17. Definition of Build Inspector position. Motion by Nate
White second by Gerry Macdonald to approve the intent of Article 17.
Voted Affirmative: 8/0/0.
* Article 20. Motion by Fred Vanmagnus second by Gerry Macdonald,
FINCOM voted to support distribution of Town Meeting Warrant by member
pick-up at Reading Police Station to save postage costs. Vote 8/0/0.
* Article 22 and 23 will be indefinitely postponed. No vote taken
* Article 24. Motion by Nate White second by Gerry Macdonald to approve
the intent of Article 24. Voted Affirmative: 8/0/0.
FINCOM approved payment of PEAT MARWICK final bill even though
final report is still in process. Vote was 7/1/0
Payment of Acturial Evaluation completed by Martin Segal was
approved 8/0/0.
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Next meeting dates will be 10/29/91, 11/4/91 with Town Meeting on
11/12/91.
Meeting adjourned at 10:03 pm
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