Finance Committee Minutes – 12 February 2007, Town Hall
Meeting called to order at 4:30 p.m.
Members present: Colwell, McKenna, Mead, Ricci, Russo, Sobalvarro
Administrators Present: Bragan, Leonard
Override Analysis:
The override as presented is $560k. This is a result of the following changes:
Selectmen’s Budget +24k
Elected Boards - 61k
Schools - 354k
Other Warrant Articles - 4k
Reserve Fund - 40k
School Budget:
Members were polled regarding their projected reductions in the School budget. The reduction amounts ranged from $200k, $246k (plus $28k reduction in Selectmen’s Budget items), $300k, $350k, and $450k. The majority of members felt most comfortable with proposing a $300k reduction.
Library Budget:
Two alternative reductions were discussed, both dependent upon moving the Facilities Manager p/t position to Public Buildings. The advantage of removing dollars from library staff and operating costs is that the 16% required collection amount is then applied to a lower ‘operating’ number. The variance between both reductions was quite small ($4k); a proposed budget for the library will be presented to the FinComm pre-meeting meeting tomorrow.
Other Items:
Need to confirm that the cost of gas for the library is incorporated in the Selectmen’s Budget.
George to follow-up with library reduction ($30k), and re-submit analysis prior to tomorrow’s tri-board meeting
Need to obtain break out of 2 Water Department project costs
Confirm Maintenance expense for Public Buildings, as this is used in reconfiguring the library Budget. Tim to obtain annual maintenance/cleaning costs.
The meeting adjourned at 6:15 p.m.
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