HomeMy WebLinkAbout1998-03-23 Finance Committee MinutesQ--
Finance Committee Meeting
March 23, 1998
The Finance Committee.met in..the.Media_Center_at Birch-Meadow School, Arthur B.
Lord Drive, Reading, Massachusetts at 7:30 p.m. Present were Chair Jim Keigley, Vice
Chair Carol Grimm, Finanec-Commktee members_C'atherinP Martin, Larry Penta,. Nathan
White, Richard McDonald, Gerry MacDonald, Paul Kurker, James Francis and Town
Manager Peter Heebenbleikner.
On a motion by Gerry MacDonald seconded by Richard McDonald the Finance
Committee voted_to..approve_the_min,itP~ of March_.] 1, -199.8,_by a_vote_.of-8-0-0.
On a motion by Gerry MacDonald seconded by Carol Grimm the Finance Committee
voted to approve the minutes of March-1-6,1998, by a_vote_of 6-0-2.
On a motion by Carol Grirnm seconded by Gerry MacDonald the Finance Committee
voted to__accant.the_.fallawing,anQunts:
N. E. Vocational School $ 196,562.00
State & County Assessments 6831781.00
Debt 3,168,155.00
Employee Benefits..- 5,3.03,253.00
Total $9,351,751.00
The motion was approved by a vote of 9-0-0.
School Committee:
The School Committee joined the Finance Committee at 8:05 p.m. Dr. Harutunian
requested an additional $304,252.00 be added to the School Department's FY 99 Budget.
The School Committee voted to approve a FY 99 Budget of $22,948,731.00.
On a motion by Carol Grimm seconded by Richard McDonald the Finance Committee
voted to transfer $164,252.00 to the School Budget.
From Capital Plan removing oil tanks K-4 $ 40,000.00
From Capital Plan school fences K-35 20,000.00
From Town Maint. (maint. of schools) J-1 30,000.00
School Capital Technology money 74,252.00
Total $164,252.00
The motion was approved by a vote of 6-2-0.
On a motion by Carol Grimm seconded by James Francis the Finance Committee voted to
not apply the $40,000. revenue from renting water towers to the School Budget and have
the revenue go in the General Capital Fund.
The motion was approved by a vote of 5-3-1.
page 2
On a motion by Jim Keigley seconded by Catherine Martin the Finance Committee voted
to recommend to the Budge Council to reconvene in August 1998, for a Budget Council
meeting.
The motion was approved by a vote of 9-0-0.
On a motion by Gerry MacDonald seconded by Richard McDonald the Finance
Committee voted to transfer $104,000.00 from the Reserve Fund-to- the- School Budget.
The motion was not approved by a vote of 0-9-0.
On a motion by Gerry MacDonald seconded by Richard McDonald the Finance
Committee voted to approve the changes submitted by the Town Manager and keep the
Town Dept. Budget total of $11,414,000.00.
The motion was approved by a vote of 9-0-0.
On a motion by Carol Grimm seconded-by Gerry MacDonaldthe_Finanec Committee
voted to accept the School Budget of $22,909,000.00.
The motion was approved by a vote of 7-2-0.
On a motion by Paul Kurker seconded by Richard McDonald the Finance Committee
voted to approve the Building Maintenance Budget of $366,000.00.
The motion was approved by a vote of 9-0-0.
On a motion by Catherine Martin seconded by Gerry MacDonald-the-Finance Committee
voted to approve the Capital Budget of $755,300.00.
The motion was approved by a vote of 7-2-0.
On a motion by Carol Grimm seconded by Gerry MacDonald the Finance Committee
voted to approve the-Water Budget-of $2,423,887.00 and the. Sewer Budget of
$3,211,840.00.
The motion was approved by a vote of 9-0-0.
On a motion by Richard McDonald seconded by Gerry MacDonald the Finance
Committee voted to-accept the-Capital Improvement. Program as amended by this March
23, 1998 FinCom meeting.
The motion was approved by a vote of 9-0-0.
On a motion by Carol Grimm seconded by Gerry MacDonald the Finance Committee
voted.ta approve Article.. 14. to appropriate_Grant.EundingfonChapter 90.
The motion was approved by a vote of 9-0-0.
On.a-motion.by Gerry MacDonald seconded-by- Richard-McDonald-theEinance
Committee voted to approve Article 17 to accept COLA Legislation for Retirees.
The. mation.was- approved-by a. vate.of 9-OA-
page 3
On a motion by Jim Keigley seconded by Gerry MacDonald the Finance Committee voted
to adjourn at 11;00 by a vote of 9-0-0.
Respectfully submitted,
2co-~~t
r a Secretary