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WARRANT COMMITTEE MINUTES
EIGHTH MEETING December 6, 2006
PRESENT: K. Conlon, J. Conley, H. Crichlow, L. Dee, E. Innes, S. Keel, B. Martin, B. McLaughlin, J. O’Connor, J. Pinkus, L. J. Walker
ABSENT: D. Biagiotti, T. Hurley, M. Flanagan, T. McGrath
RESERVE FUND BALANCE: $388,200
Chair Conlon called the meeting to order at 7.30.
On a motion made by Member Dee and seconded by Member Innes, the minutes of November 27, 2006 were approved 9-0-0.
The Committee received the following 2008 budgets: Assessors’ $202,253; School $3,198,208; Town Clerk $217,951; Retirement $3,555,465; Library $ 938,570; Appeals $28,139; Planning Board $39,643; and Treasurer/Collector $283,162.
A conference was held with Town Accountant David Grab who distributed and reviewed the Schedule of Property Tax Receivables; Unreserved Fund Balances for FY 2006; Department of Revenue FY 2007 Cherry Sheets; Bureau of Accounts Schedule of Available Funds; Schedule of FY 2006 Assets and Liabilities. Also reviewed were possible FY 2008 Capital Committee requests and the future ramifications of GASB 45.
A conference was held with Fire Chief Malcolm Larson who discussed the need to replace Engine 1 for an estimated cost of $400,000 and the various way, including a lease purchase, to finance this expenditure. The Chief also discussed his November 3, 2006 request for a $16,320 Reserve Fund Transfer to replace a heating boiler and chimney repairs at Engine 4. On a motion made by Member Walker and seconded by Member Dee, the Committee voted 10-0-0 to take no action on this Reserve Fund Transfer request at this time.
The meeting adjourned at 9:15 p.m.
RESERVE FUND BALANCE: $388,200
The next meeting of the Warrant Committee will be on Wednesday, December 20, 2006.
Respectfully submitted,
Carol A. Blute, Senior Administrative Clerk
December 20, 2006
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