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HomeMy WebLinkAbout1938-10-13 Finance Committee MinutesMeeting of the Finance Committee October 13, 1938 (Meeting to consider :arrant for Oct. 20) The meeting was called to order by Chairman at 7.15 o'clock. Records read and approved. The School Committee, Chairman. `T'_-:n:ner Pnd Superintendent Pierce PppeRred for Article 5 and requested the approval of the Finance Board for appropriation of 0.1500.00 from School Dept. Salary Account and trsn.sfer to School 'dept. Maint. Account. it was stated thrt the ;money would be used for the most part for purchases which fight otherwise appear in 1939 budget. Town Counsel S. H. Davis appe-red and requested transfer from the Reserve Fund of x:,;120.00 for expenses for balance Of year. He exrlnined that extraordinary outlays were made necessary on account of an increased amount of legal business . The Board of Selectmen - Chairman Killam, Mr. "oodridge and Mr. 7';?`orto_n., appeared for as much of Art. 2 as related to Soldiers' Relief and W.P.fi . expenses, etc. The Board, after careful study estimated that 1,1200.00 would be needed for Soldiers' belief for balance of year and that if W.P.A. projects were to continue it would be nec- e ssary to provide 525200b 'or the town's share from November 1, 1933 to June 30, 1939. Schedules were provided the Committee giving descr°..ption of projects underway and ?proposed also expenditures January 1, 1938 to October 1, 1938 (in detain with balance sheet. Also the estimated budget from Nov. 1, 1938 to June 30, 1939, also an inventory of materi{-1 and equipment as of October 1, 1938. Under Art. 3 the Relectnen stated that in their opinion it would be necessary to provVe 13,000 for work occasioned by the recent storm, about 0,000 having been expended =end 0,000 estimated to complete the work. The Board recommended that the money be borrowed under Clause 9 of Section S, of Chapter 44 of '=ieneral Laws. /Under Soldiers' Relief the Selectmen estimated that 0,1200 would be needed to December 310 A letter to the Selectmen fron the Board of Regis' r:` rs was presented, in which the letter Board requested a transfer of 250.00 from Reserve Fund, to finance expenditures made necessary by recent,=L -AV ,~hich requires the Registrars toW prepare ,_dl. ?:7=?blis11 list o persons 20 rears of age and over. (This money to be expended in 1938). The following votes were passed at this time. On 'moti on. of Mr. Trevor, seconded by Mr. Roberts, it was voted to recommend transfer of 200.00 from Reserve Fund to Soldiers' Relief. (This was done in order that the contemplated loan would be in even thousands). On motion of Mr. Roberts, seconded Q Mr. Trevor, it was voted to recommend borrowing of 1000 for Soldiers' Relief". Under -rt. 3-81-motion of .sir. Noyes, seconded by Mr. Kimball, it was voted to recom end $13,000 for the purposes set forth in Art. and that the money be borrowed under Clause 9 Section. 8, Chapter 44, General Laws. Under Art. 2 on notion of Mr. Roberts, seconded by Mr. Merrill, it was voted to recommend $20,000 for W.P.Q. instead of `25,000 as requested. Mr. Killarr stated that the ?oard would accept the reduction October 13, 1.938 0ont. in the amount requested work on some of the --mor, 125,000 would be needed but ex- lainec:7 thgt it m^irti=ht be necessary to cease +forth-xhile projects and still- elt that if the work continued,. it was voted to reconsider the previous vote (5®2) and on xaotion of "r• zTo;~es, seconded by 711-r. Trevor, it was voted to recom--rnnerd a~prooriation of 1,5,000 for +'.'.''.n, expenses, e Jc. to be borrowed in addit i_or to other su-nms uncIer the provisions of 0hapter 58 Acts of 1938 - s o t1_~~a t the ent:t re a rrioun t be paid. within. 5 years. The Board of ''~~bl'_c `t+'elfarse rye-->"t a.ppea red. Mrs. Bnnms, ?1 rs . Rooney an< Superintendent Hamden. Under Art. ~ i, t was state:' tha t ` 19 000 of the unexpended balance on elfare ~~dn. Accom t wo- ld be available for transfer to other accounts and the Board requested th t the Comm-1- ttee approve the trans fe r o- 00.00 to "Fene -rc.1 A; d ccount and N00 .00 to A.D.C. Account. m .e following votes were passed: Jnder dirt . 2, or m.ot1_on of ',,,Ir. Noyr s seconded by ~,;r r. Roberts, -'_t wss voted to rco:rmnend borrowin of 87,000 for 'General Aid and y to be borrol,4red in addition 000 for 01d Age Assistance. T'^.e mone- to other sur,.s as set forth in the article. Under -rt. 41 on notion of 'DrTr. Trevor, seconded by Tt-1r. ''Tot'es, it ;eras voted to recommend transfer frog Welfare ~'_dm. Account of ; 000.00 to/~0`enersl Aid and (on motio;a of Mr. ""err'l11, seconded by +.~~r. Noyes) 14_00.00 to A.D.C. Adjourned 9.30 P.;. IJle- hers Dresent; Roberts, Devaney, Ellison, Goldsmith, Kiii.1Jall, Ti;erril_, Noyes, Trevor, well'-fan. Clerk. Town Warrant o Q °INCOKPO~ COMMONWEALTH OF MASSACHUSETTS To either of the Constables of the Town of Reading, Greeting : In the name of the Commonwealth of Massachusetts, you are hereby required to notify and warn the inhabitants of the Town of Reading, qualified to vote in elections and town affairs, to meet in Security Hall, Woburn Street, in said Reading on Thursday, the Twenty-Second Day of December, A. D., 1938 at seven forty-five o'clock in the evening, to act on the following articles : Article 1. To hear and act on the reports of Town Officers and special committees and to see what instructions, if any, shall be given Town Officers and special committees. Article 2. To see if the Town will vote to accept the corpus of the trust of Seventy-Five Thousand (75,000) Dollars under the provisions of clauses eleven and twelve of the will of the late George H. Grouard, together with anv increase and undistributed income thereof and to hold such trust estate when received to aid in establishing a hospital as provided by the terms of said will, and to authorize the Town Treasurer to receipt for such trust estate when received and to execute any and all other documents which may be necessary in connection therewith in the name and behalf of the Town, or what it will do in relation thereto. Board of Selectmen. Article 3. To see what sum the Town will vote to appropriate from available funds and transfer to School Department Maintenance Account, or what it will do in relation thereto. Article 4. To see what sum the Town will vote tol appropriate fro available funds and transfer to Snow and Ice Account, or what twill do in relation thereto. Board of Public Works. Article 5. To see if the Town will vote to raise and appropriate a sum of money for the purpose of repairing damage to the distribution lines of the Municipal Light Department, caused by the recent storm, determine whether the money shall be provided for by borrowing under Clause 9 of Section 8 of Chapter 44 of the General haws, or by transfer from available funds in the treasury, or what it will do in relation thereto. Municipal Light Board. And you are directed to serve this warrant by posting an attested copy thereof in at least ten public places in the town not less than seven days prior to December twenty-second, the date set for the meeting in said warrant and to publish this warrant in the. Reading Chronicle one day at least prior to said date. Hereof fail not and make due return of this warrant with your doings thereon to the Town Clerk, at or before, the time appointed for said meeting. Given under our hands this fourteenth day of December, A. D. 1938. J. WARREN KILLAM, JR., CARL W. GOODRIDGE, NEWELL, H. MORTON, Selectmen of Reading. FINANCE COMMITTEE'S REPORT For Meeting December 22, 1938. The Finance Committee's recommendations are as follows : Article 2. Recommend. Article 3. Recommend appropriation and transfer of a sum not to exceed $1,000 from the unexpended balance in School General Salaries Account to School General Maintenance Account. Article 4. Recommend appropriation and transfer of $1,681.53 from the unexpended balance in Interest Account to Snow and Ice Account. Article 5. Recommend appropriation of $25,000.00 for the Municipal. Light Department for the purposes set forth in the article, the money to be borrowed under the provisions of Clause 9 of Section 8 of Chapter 44 of the General Laws. Respectfully submitted, FINANCE COMMITTEE, December 16, 1938. John L. Devaney, Chairman.