HomeMy WebLinkAbout1997-06-04 Finance Committee MinutesCl/
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Finance Committee Meeting Jul, ZG 12 45 Fill 151
June 4,1997
The Finance Committee met at 7:30 p.m. in the Conference Room at Town Hall. Present were
Chairman Steve Blewitt, Vice Chairman Jim Keigley, Finance Committee members Gerry
MacDonald, Rocco Nenarella, Nate White, Catherine Martin, Richard McDonald, Carol Grimm,
Tom Green, Town Manager Peter Hechenbleikner and Secretary Maureen Vierra. Also present
were David Lee, Ted McIntyre, Harry Harutunian and Bob Hillard.
Approval of Minutes:
On a motion by Grimm seconded by Keigley the Finance Committee voted to approve the minutes
of May 7th as amended by a vote of 9/0/0.
Reserve Fund Transfers:
A motion was made by Grimm seconded by Martin to approve a transfer from free cash in the
amount of $40,000.00 as follows: $7,000.00 to 01-215-5133; $8,000.00 to 01-201-5301;
$10,000.00 to 01-211-5335 and $15,000.00 to 01-201-5306.
An amendment was made by MacDonald and seconded by Green to approve the transfer of
$40,000.00 from free cash to the School Department to be used at their discretion. This
amendment was approved by a vote of 9/0/0 and became the main motion. As the main motion it
passed by a vote of 9/0/0.
A motion was made by MacDonald seconded by McDonald to recommend a reserve fund
transfer in the amount of $37,000.00 to account # 01-080-5814. This motion did not pass by a
vote of 1/8/0.
An amended motion was made by White seconded by Green to recommend a reserve fund
transfer in the amount of $37,000.00 and to recommend that the Town Manager proceed with the
project (library HVAC) with the Finance Committee's knowledge that the Town Manager may
need to use the FY98 capital funds appropriated to other HVAC projects to complete this project.
This motion did not pass by a vote of 0/9/0.
The Finance Committee asked the Town Manager to set up a meeting with the consultant in
charge of the library project to explain the variances in the estimated costs vs bid prices received.
On a motion by MacDonald seconded by Nenarella the Finance Committee voted to approve the
reserve fund transfers totaling $24,650.00 as presented by the Town Manager. This motion
passed by a vote of 9/0/0.
Reorganization:
On a motion by Nenarella seconded by MacDonald, Jim Keigley was nominated to be the
Chairman of the Finance Committee. A motion was made by White seconded by McDonald to
close nominations. This motion passed by a vote of 9/0/0. The Finance Committee voted Jim
Keigley Chairman of the Finance Committee by a vote of 9/0/0.
A motion was made by MacDonald seconded by Green to nominate Rocco Nenarella as Vice
Chairman. A motion was made by Blewitt seconded by Keigley to nominate Carol Grimm as Vice
Chairman. A motion was made by MacDonald seconded by McDonald to close nominations.
This motion passed by a vote of 9/0/0.
Carol Grimm was voted Vice Chairman by a vote of 5/4/0. Rocco Nenarella was second with a
vote of 4/5/0.
On a motion by MacDonald seconded by Green the Finance Committee voted to adjourn at 9:30
p.m. The next meeting is scheduled for June 11, 1997.
Respectfully submitted,
AlimKeig,ley
Vice Chairman