WARRANT COMMITTEE MINUTES
SECOND MEETING August 17, 2005
PRESENT: K. Conlon, T. Lowney, D. Biagiotti, J. Conley, W. Connors, H. Crichlow, L. Dee, N. Gray, T. Hurley, S. Keel, B. Mason, P. Nolan, J. O’Connor, L. Walker, C Winston.
RESERVE FUND BALANCE: $400,000
The meeting was called to order by Chair Conlon at 7:30 p.m.
A conference was held with Town Accountant David Grab who reviewed with the Committee the contents of Special Town Meeting Article 5 rescinding various borrowing authorizations. Also discussed were explanations of Free Cash, the Tax Rate Recapitulation and Overlay Reserve. Town Accountant Grab distributed copies of Authorized and Unissued Debt for the year ending June 30, 2005 and the Department of Revenue Tax Rate Recapitulation for Fiscal 2005. The Chair thanked Mr. Grab for his excellent and informative presentation.
The minutes of July 14, 2005 were approved 12-0-2.
The Committee received the following information: copies of present articles for the October 17, 2005 Special Town Meeting; time line for voting, printing and mailing of STM Warrant; Fiscal 2005 Reserve Fund Transfers; Agenda for the November 5, 2005 Association of Town Finance Committees Annual Meeting; Suggested Warrant Committee Policy on Conflicts of Interest and copy of Massachusetts Taxpayers Foundation Article on Soaring Municipal Health Costs.
The Committee reviewed the various articles submitted for the Special Town Meeting and deferred action pending further assessment.
The Committee received the Subcommittee membership list which will be delivered to Department Heads.
The Committee voted 13-0-0 to appoint Warrant Committee Member Barbara Mason as its representative to the Capital Improvement Planning Committee.
The next meeting of the Warrant Committee will be on Tuesday, August 23, 2005.
The meeting adjourned at 9:15 p.m.
Respectfully submitted,
Carol A. Blute, Clerk
August 23, 2005
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