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HomeMy WebLinkAbout1997-03-19 Finance Committee MinutesFinance Committee Meeting March 19, 1997 The Finance Committee met at 7:30 p.m. in the Conference Room at Town Hall. Present were Chairman Steve Blewitt, Vice Chairman Tim Keigley, FinCom members Gerry MacDonald, Rocco Nenarella, Tom Green Jr., Richard McDonald, Carol Grimm, Town Manager Peter Hechenbleikner and Secretary Maureen Vierra. Also present were Tom Stohlman, Bill Brown, Lieutenant Silva, David Shulman, Phil Leblanc, Bruce MacDonald, Bill Bogaert, Loraine Hom and Bob Hillard. Approval of Minutes: On a motion by MacDonald seconded by Keigley the Finance Committee voted to approve the minutes of February 5, 1997 as amended by a vote of 5/0/0. On a motion by MacDonald seconded by Nenarella, the Finance Committee voted to approve the minutes of February 12, 1997 by a vote of 5/0/0. On a motion by MacDonald seconded by Keigley the Finance Committee voted to approve the minutes of March 12, 1997 by a vote of 6/0/0. Reserve Fund Transfer On a motion by MacDonald seconded by Nenarella, the Finance Committee voted to approve the transfer of $2,445.44 to the unemployment account (01-815-5192) by a vote of 7/0/0. Warrant Articles Recommendations Article 15 A motion was made by MacDonald seconded by Green to recommend the subject matter of Article 15 in the amount of $40,000.00 A motion was made by Keigley and seconded by Green to amend the original motion and recommend Article 15 in the amount of $50,000.00. This motion passed by a vote of 6/1/0. Article 11 A motion was made by Grimm and seconded by Keigley to recommend the subject matter of Article 11 in the amount of $350,000.00 and recommend financing by debt authorization in that amount. This motion was approved by a vote of 7/0/0. Article 12 A motion was made by Nenarella and seconded by Grimm to recommend the subject matter of Article 12 in the amount oi'$600,000.00 and recommend financing with funds obtained by bonding. This motion \vas withdrawn by Nenarella pending additional information in regard to window replacement plans. Article 13 A motion was made by Grimm seconded by Keigley to recommend the subject matter of Antic e 13 in the amount not to exceed $1,850,000.00 with funding to come from bonding. This motion -was approved by a vote of 7/0/0. Article 6 A motion was made by Keigley and seconded by McDonald to recommend the subject matter of Article 6, to adopt the 1998 - 2007 Capital Improvement Plan as presented. This motion was approved by a vote of 710/0. Article 8 A motion was made by Keigley and seconded by MacDonald to recommend the subject matter of Article 8, modifying the FY97 budget in the net amount of $113,890.00 line items as presented with funding coming from Osco Grant of $25,000.00 and the remainder from free cash. (Water and Sewer adjustments are internal transfers). This motion was approved by a vote of 7/0/0. Article 4 A motion was made by Grimm and seconded by MacDonald to reconsider the subject matter of Article 4. This motion was approved by a vote of 7/0/0. On a motion by Grimm seconded by MacDonald the Finance Committee voted to recommend Article 4 and asked that it included moving of the portable classroom, data processing technology, road construction and Joshua Eaton School Construction project. This motion was approved by a vote of 7/0/0. Budget Recommendations A motion was made by. Grimm and seconded by Keigley to recommend line items Al and A2 in the amount of $85,440.00. This motion was approved by a vote of 7/0/0. A motion was made by MacDonald and seconded by McDonald to recommend line items B 1 thru B9 in the amount of $241,065.00 with $940.00 coming from wetland fees by a vote of 7/0/0. A motion was made by Keigley and seconded by MacDonald to recommend line items C 1 thru C12 in the amount of $778,546.00. This motion was approved by a vote of 7/0/0.. A motion was made by Green and seconded by MacDonald to recommend line items D1 thru D13 in the amount of $570,156.00. This motion was approved by a vote of 7/0/0. A motion was made by McDonald and seconded by MacDonald to recommend line items El thru El l in the amount of $351,983.00. This motion was approved by a vote of 7/0/0. A motion leas made by Nenarella and seconded by MacDonald to recommend line item F1 in the amount of 8639,x+90.00. '111s motion was approved by a vote of 7/0/0. A motion was made by Nenarella seconded by MacDonald to recommend line items G 1 thru G8 in the amount of 85,240,087.00. A motion was made by Green and seconded by MacDonald to amend Item GI reducing it by $25,000.00 to an adjusted amount of $2,406,676.00. This motion did not pass by a vote of 3/3/1. An amended motion was made by Blewitt and seconded by McDonald to recommend line items 1 tion asked b a vote of 7/0/0. C:/ G2 thru G8 in the amottrrt of $2,808,411.00. Tins mo p y A motion was made by Blewitt seconded by MacDonald to recommend line items G1 in the amount of $2,431,676.00. This motion did not pass by a vote of 3/3/1. A motion was made by McDonald and seconded by Keigley to recommend line items Hl l thru H19 in the amount of $3,351,250.00 with $94,885.00 from bequest and $20,000.00 from sale of lots. This motion was approved by a vote of 7/0/0. A motion was made by Grimm and seconded by MacDonald to recommend line items Jl and J2 in the amount of 21,368,338.00 This motion was approved by a vote of 7/0/0. A motion was made by Grimm and seconded by MacDonald to recommend line items Kl thru K40 in the amount of $3,589,039.00 with funds in the amount of $606,727.00 from the sale of real estate and $11,000.00 from the sale of cemetery lots. This motion was approved by a vote of 7/0/0. A motion was made by MacDonald seconded by McDonald to recommend line items Ll thru L7 in the amount of $5,068,713.00 with $140,000.00 from free cash to Ll and $420,000 from free cash to L4. This motion was approved by a vote of 7/0/0. A motion was made by Green and seconded by Keigley to recommend line items Ml thru M4 in the amount of $2,412,461.00. This motion was approved by a vote of 7/0/0. A motion was made by Nenarella and seconded by McDonald to recommend line items N 1 thru N4 in the amount of $3,642,534.00. This motion was approved by a vote of 7/0/0. On a motion by MacDonald seconded by Nenarella the Finance Committee voted to adjourn at 11:00 p.m. by a vote of 7/0/0. The next meeting is scheduled for April 9, 1997. Respectfully submitted, Steve Blewitt Chairman ( I