HomeMy WebLinkAbout1991-10-01 Finance Committee MinutesRECEIVED
TO l CLERK
READ1{°(C, N
JASS.
I I-,
FINCOM Meeting of 10/1/91 1 gP;q'd Vol
Meeting was called to order by Chairman Bill Burditt at 7:55 pm.
FINCOM members in addendance were: Chairman Bill Burditt, Vice
Chairman Fred VanMagnus, Gerry Macdonald, Pete Dahl and Dick Coco. Dick
Coco agreed to act as Secretary Pro-Tem. Maria Silvaggi of the
Chronicle was present as the representative of the press.
The next several FINCOM meetings will be used to review and vote
articles for the November Town Meeting Warrant. Meeting dates for
October agreed to were 10/7/91, 10/15/91 and 10/21/91.
General discussion of the FY 93 budget took place with a projected
short fall of $560k anticipated. Final amount will depend heavily on
state aid levels.
During these discussions, a motion was made by Pete Dahl seconded
by Gerry Macdonald to have the chairman of FINCOM write a letter
requesting both the School Committee and the Town Manager to provide
FINCOM with a listing of fixed expenses (such as retirement, etc) and
dollar amount associated with each item. Voted affirmative 5-0-0.
Further discussions centered on FINCOM message to Town Meeting in
November. Additional information FINCOM members felt would be
beneficial to future budget deliberations would be school salary
breakdowns by position, revolving account status with history for past
2-3 years and school enrollments by school/grade level.
Meeting adjourned at 9:20pm.
Respect/fully ubmitted;
//d
/ ~ i r,7__
R H. Coco
Secretary - Pro Tem