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June 25, 2008
WARRANT COMMITTEE                                                                             June 25, 2008

FORTY-SEVENTH MEETING

PRESENT:       K Conlon, T Hurley, E Innes, O Sanchez, J Pinkus, L Dee, D Biagiotti, B McLaughlin, J Folcarelli

ABSENT:        L Walker, J Conley, S Keel, J O’Connor, K Chase, B Martin

RESERVE FUND        $  70,164

School Set-Aside         $  61,626

BALANCE                  $    8,538

The Chair called the meeting to order at 7:30 p.m.

The Warrant Committee met with School Committee Member Glenn Pavlicek, incoming School Superintendent Mary Gormley, incoming Assistant Superintendent for Curriculum John Phelan and Assistant Superintendent for Business Paul Hilton and discussed with them issues relating to the FY09 budget process and suggestions for the FY10 budget and a possible multi-year budget.  At the conclusion of the discussion, Member Folcarelli recused himself from matters relating to the school budget and joined the meeting.

ommittee voted 7-0-0 to rescind $17,000 of the Reserve Fund set-aside for the School Department.  On a motion made by Member Innes and seconded by Secretary Hurley, the Committee voted 7-0-0 to transfer the balance of the set-aside in the amount of $44,626 to the School Department.  This brought the balance of the Reserve Fund to $25,538.  Member Folcarelli returned to the meeting.

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