Minutes of the Finance and Advisory Board
December 14, 2004
Meeting Called to Order at: 7:00pm
Location: Town Hall -2nd floor meeting room
Members In Attendance: Jim Lacey, Reg Tardif, Walter Clemons, Bob Melideo, Peter Dion, Sandy Gerraughty, Ruth Stewart, Mike Sweat, Robin O’Malley
Also in attendance: Toni Mertz, Cynthia Bateman
Minutes Taken by: Sandy Gerraughty
Reserve Fund Transfers
Motion to transfer $8994.96 to line item 19131 to cover additional Unemployment expenses for November expenses and vendor bill.
Peter moved
Ruth 2nd
Unanimous
Reserve Fund request for the $12K for the Drainage previously presented as an Advisory was brought before board. Discussion was for our preference to do Reserve Fund transfers for exact bills as opposed to estimated amounts – given the amount of monies remaining in the fund and the time remaining in FY 05. Discussion that this Reserve Fund request would be fulfilled, we just would prefer a bill to pay against.
Reserve Fund is currently approximately $34.5K.
Toni to talk to the BOS to move $58K of Municipal Relief monies received by State into the Reserve Fund.
Discussion of additional monies expected to be paid to Conservation Commission Consultant that had been hired, to be expended from the Conservation Commission’s fees – not from Reserve Fund.
Motion to accept minutes of the 11.9.04 meeting as presented.
Ruth moved
Reggie 2nd
Unanimous
Cynthia Bateman asked if we had a projected schedule for the Budget Process as of yet.
Budget Process Summary
Toni has budget schedules to go out to departments upon Steve Delaney’s approval
5-year plan is getting prepared to go to department heads upon Steve’s approval
Budgets are expected back from Departments to Toni and Steve mid January to 3rd week of January
Budgets expected to be to Fin Comm 1st week of February
Jim reminded us that we need to look at the long term Capital Planning: Schools, Library, etc.
Motion to appoint Peter Dion to School Building Committee
Reggie moved
Sandy 2nd
Unanimous
Motion to appoint Janet Pantano to Personnel Board
Sandy moved
Peter 2nd
Unanimous
Reggie presented a summary report on Mass Inc. meeting that he attended at the Omni Parker House on “Financial Adequacy on Hancock Case – How Much is Enough”
Peter asked if we have heard anything from State yet in regards to FY 06. Nothing yet!
Motion to adjourn 7:47pm
Reggie moved
Ruth 2nd
Meeting adjourned
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