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SEVENTEENTH MEETING February 28, 2005
PRESENT: E. Innes, K. Conlon, D. Biagiotti, W. Connors, L. Dee, M. Ellis, K. Hodlin, M. Kelly, B. Mason, R. Musto, E. Redo, J. Tarvin, C. Winston
ABSENT: T. Lowney, N. Monroe
RESERVE FUND BALANCE $355,134
Chair Innes called the meeting to order at 7:30 P.M.
The minutes of February 16, 2005 were approved 8-0-3.
The Committee received the following revised 2006 budgets: DPW, Fire, Selectmen, Central Business, Health, Assessors, Park, COA, Cemetery, Information Technology, Group Insurance, Selectmen’s E&R, Treasurer. Also, received was a response from the Town Administrator and the Fire Auxiliary Department to questions raised by the Warrant Committee Subcommittees.
A request from the Treasurer/Collector for a $2,000 Reserve Fund transfer was deferred to the next meeting on Wednesday, March 3, 2005. The Chair advised the Committee of present and future obligations to be required from the Reserve Fund.
Subcommittee Chairs reported on their various subcommittee meetings and recommended their initial FY 2006 appropriation requests for Education, Public Safety Administration, Volunteer Boards and Resident Services.
The Chair distributed an FY 2006 spreadsheet indicating FY 05 appropriations and FY 06 requests, and this spreadsheet was adjusted following Subcommittee Chairs’ recommendations. A revised spreadsheet will be distributed at the March 2, 2005 meeting.
The Committee deliberated on the possibility of an FY 2006 operating override and, following this discussion, voted 12-0-0 to support an operating override based on FY 2006 budgets as presented and income as projected, with the amount to be determined during later discussion.
RESERVE FUND $334,064
Accounting Set Aside 750
School Department Set Aside 78,180
RESERVE FUND BALANCE $255,134
The next meeting of the Committee will be on Wednesday, March 2, 2005.
The meeting adjourned at 9:45 p.m.
Respectfully submitted,
Carol A. Blute, Clerk
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