HomeMy WebLinkAbout1990-06-27 Finance Committee MinutesFINANCE COYMTTEE MCINU'rEs
NOTING OF 6/27/90
PRESENT: Agnsta, Allen, Catalfamo, Coco, MacDonald,,Uhite, Greene and Burditt..
ABSENT: Devlin
Meeting called to order at 7;351 by Chairman Burditt .
The major reason for this meeting is a series of Requests for Reserve Fund
Transfers which have been received by the Chairman.
,Present to detail the request's was Beth Klepis, the Finance Manager for Reading.
The first request was for $ 11,835. for the Dept. of Public works salary
account.
At this point an animated discussion of the ability of departments to manage
their budgets, the reasons for shortfalls, the method departments plan their
expenditures in the light.of our. present financial problems,etc. was entered into.
The consensus of the Fincom is that a message be given to the Town Manager
and Department heads that all departments are expected'to stay within their
budgets for next year (fiscal 1991). The Finance Committee will study all.
requests for Reserve Fund transfers with a jaundiced eye and if those requests,.
should have been anticipated -and':handled without resorting to the Reserve.
Fund, they will probably be refused. Where was a request by the committee'
that the Chairman forward. a new to the Town Manager stating the above
as soon as possible with copies to the Committee mambers.
After all the emoting and oration were completed the Fincom got down to the ~
work of reviewing the request for transfers with the following results.
Transfer to the DPW personal expenses of $11,835.00 by a vote of 5-3-0
Transfer to Fire Dept personal expenses of $8,500.00 by a vote of 7-1-0
Transfer to Cemetary personal expenses of 2,000.00 by a,vote of,6-2-0
Due to a large increase in number of Funerals this year.
Transfer to Labor Counsel expenses of $2,735.00 by a vote of 8-0-0
Due to Fire Dept grievances and, cancellation of -Blue Cross
Transfer to-Legal expenses of $1,120.00 .;by •a vote of 8-0-0
Due`to costs of labor counsel`.(see above) 'and Town Counsel. largely
because of the length of Town Meeting and the i.ssues.involved there.
The balance of the Reserve fund.was $36,694.'before,the above transfers,
and was reduced to $10,504 after those transfers were approved..
Attached is additional detail of the above trans
Donald. Allem,
Temporary Clerk
MEMORANDUM
TO: Finance Committee
FROM: Beth Klepeis
DATE: June 27, 1990
RE: Transfer Requests
Total: $26,190
Transfer Requests
w:11
Public Works Salaries ,8 3
Reasons Overtime
Parks: No summer help May/June
Highway: Street sweeping - rain made
slippery conditions
Drainage: Rain caused problems - no
summer help
Engineering: South Street
8,500/
Fire Department Salarv Account
Reasons Sick Leave Buvback
Sharkey retired earlier than expected 16,733
Others - Michelini 11,902 ,
-
Cail 14,085
McMahon 9_1_ 2 52 .
2,000
Cemetery Salaries ----0
Reasons Overtime
For funerals and Memorial Day
.2 735 .
Labor Counsel
Reasons Drachman used for H,egalth Insurance,
Grievances, etc. - unexpected
1,120
Legal Operating Expenses
Reasons : More Town Meetings - more travel and
clerical expenses