Finance Committee Minutes – 13 February 2007, Town Hall
Meeting called to order at 6:45 p.m.
Members present: Colwell, Donovan, McKenna, Mead, Ricci, Russo, Sobalvarro
Administrators Present: Bragan, Leonard
An outline for the tri-boards meeting was discussed.
A discussion of the projected Devens’ monies for FY08 was held. The SC’s budget projects Devens income of $160k for FY08 (based on the reimbursement parameters of $90k staffing, $20k capital (Y1 of the contract was $40k, then $20k per subsequent years), and $50k per pupil, ~ 5 pupils, based on current enrollment). Members discussed whether this number was too conservative, and whether an additional 2 pupils would be enrolling in FY08, yielding an additional $20k.
The revised library budget was distributed and discussed. Primary changes are moving the Facilities Manager to the town and the position’s associated 16%, and a $3k math error. Items added to other budgets to support library operations were heat, insurance (2 positions) and the aforementioned Facilities Manager, for a total of $43.8k.
A sheet showing the school as percentage of total budget indicated that the 70/30 approximation is still valid.
A vote was taken to support the $300k reduction to the schools’ budget; it passed 5-2 (Sobalvarro believing that the reduction was too great; Colwell believing that the reduction was too small).
The meeting adjourned at 7:30 p.m. for the tri-boards meeting, and reconvened for the regular meeting
Members present: Colwell, Donovan, McKenna, Mead, Ricci, Russo, Sobalvarro
Administrators present: Bragan, Leonard
Selectmen present: Dean, Eubank, Kimball, Marinelli, Wallace
School Committee present: Wickman, Hardy, Verbits
The override presently is $610k. The notable change from the February 12th recap sheet ($560k override) is a $50k increase in the school budget. (from $10,228,317 to $10, 278,317), for a net change of $413,501 over FY07.
A discussion was held regarding the reduction of the school budget, and the override amount and structure.
The meeting adjourned at 9:20 p.m.
The Finance Committee reconvened for their regular meeting at 9:25 p.m.
A review of the upcoming meetings (Saturday: warrant drafts and calculator assumptions; Tuesday: CPC requests) was discussed, and additional CPC information was distributed.
The meeting adjourned at 9:50 p.m.
| 
