TOWN OF HARVARD
FINANCE COMMITTEE
Minutes
Meeting Date: February 26, 2008
Meeting Place: Town Hall
Members Present: Steve Colwell, George McKenna, Terry Mead,
Bob Thurston, (Temporary Acting Chair)
Others: Lorraine Leonard, Finance Director,
Meeting Time: 7:50 pm
Adjournment Time: 9:25 pm
Discussions and Actions
l The minutes of the Feb.23th FinCom meeting were reviewed and approved with minor modifications. Passed (4-0-0 )
l George McKenna gave us an update of the Capital Plan Committee meeting of this afternoon to change the funding for the Building projects and also the recommendation to fund the $40K for the Municipal Sewer Analysis to Stablization.
l The Committee reviewed the Capital Plan (2/26/08) and the changes since the Capital Plan Committee meeting. Biggest change is the reduction of $250K to$40K on the Municipal Sewer.
l The Committee reviewed the document: Report of the Capital Plan Committee and accepted it for the Book. Moved by George McKenna and seconded . Passed (4-0-0)
l The Finance Committee Report document was edited.
l At 8:25 pm the Committee was invited to BOS meeting. They voted to have one override with companion warrant articles. The BOS thanked the FinCom for their dedicated work on the budget this year.
l Tim Bragan reviewed the formation of the Emerging Issues and Fiscal Impact Committee as to whether this committee should be formed in a warrant article or BOS authority. FinCom supports this committees formation.
l The committee reviewed the draft of the FY09 warrant articles and assigned members to draft recommendations.
l A motion to adjourned at 9:25 pm passed (4-0-0).
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