Finance Committee Minutes – 30 January, 2007, Town Hall
Meeting called to order at 7:30 p.m.
Finance Committee Members present: Colwell, McKenna, Mead, Ricci, Russo, Sobalvarro
Administrators present: Bragan
Library:
The library budget was presented by Ginger Kendall, with a breakout indicating the annualized cost of the new library ($585k – including grade and step changes), the FY07 ‘level service’ cost of $422k (which includes $24.5k appropriated at the last Town Meeting), and the projected annualized FY08 cost of no move (i.e., current library), of $466k, which applies the proposed grade increases.
- The staffing chart was reviewed, and the 3 proposed new hires (Facilities Manager, Assistant Children’s Librarian, and the Library Assistant) were discussed.
- Per Randy Dean, grade increases (although not yet approved) should be carried in the FY08 budget.
- The grade changes impact for step changes is $8400; this number does not include the cost of grade reclassification
Capital Warrant:
Minor changes made to current budget are:
(a) Change sergeant to $12.5k (from $13k), based on actual calculations
(b) Change transfer station workers to $20k (from $26k) based on actual hours
(c) Move COA extra hours to Selectmen’s’ Budget ($4680)
(d) Change Pond Committee request to $19k (from $20k) based on revised electricity estimate
(e) Change School Legal (HTA) to $6k (from $10k), as $4k moved to a separate warrant article.
Omnibus Budget Review:
The proposed override is currently at $1,007,596. This will be changed in the coming week by Tim Bragan to reflect: (a) benefits for new hires; (b) change in numbers for library (tbd); (c) COA additional hours to Selectmen’s’ budget; (d) adjustments to small warrant articles; (e) adjustments to the schools ($165k from school to Reserve Fund; $4k from school to legal in Selectmen); (e) the actual cost of benefits (90k) for the school’s proposed new hires.
Open Items:
- FC to obtain breakout for Water Department projects for Cross Street/Fairbanks Street and the 40B; the aggregate number is difficult to separate.
- Lorraine to confirm if the Library is included in the Town’s new electric rate.
The meeting adjourned at 8:45 p.m.
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