MONSON FINANCE COMMITTEE MINUTES OCTOBER 15, 2012
Present: Bob Margerison, Bob Finnegan, Kurt Kaiser, Christine Edwards, Maureen O’Sullivan, Peter Fimognari, Jim Pennington, Gerry Brayton, William Dominquez,
Brenda Payette (Administrative Assistant), Gretchen Neggers (Town Administrator)
The meeting was convened at 7:00pm
Mr. Fimognari made a motion to accept the minutes of the 9/17/12 meeting; Mr. Brayton SECONDED Ms. O'Sullivan ABSTAINING all others VOTED YES.
CORRESPONDENCE:
- Invitation to Finance Committee Members to the re-dedication of St. Patrick's Church
- Association of Town Finance Committees' 2012 Annual Meeting on Saturday, October 20, 2012 at Tri County Regional High School. Any member wishing to attend will let notify Ms. Payette
- Five memos from Deb Mahar, Finance Director (FinCom cc in on them)
Setting of Trash Rate-proposed 2013 rate $242
Listing of Actual Cash Receipts as of June 30, 2012
Indirect Costs-Sewer Enterprise
Indirect Costs-Water Enterprise
Ambulance Account
No meetings attended by members.
NEW BUSINESS:
Ms. Neggers gave an update regarding the October 2011 storm. The town will receive check from FEMA for 75%. No decision yet if MEMA to pay portion of the the remaining 25%.
Update on the August flooding: The state has authorized to deficit spend. There is an article on The Special Town Warrant to fund $100,000.00 expense.
Town Updates:
Ms. Mahar will be closing the books in a revenue surplus of $377,000.00 without using free cash; Stabilization Fund balance: $572,000.00. State aid came in higher than expected.
Ms. Neggers said they are looking at and planning for Capital Needs.
Mr. Kaiser gave an update on the new Town Hallcolor:#000000;">The meeting was adjourned at 7:38pm.
Respectfully submitted,
Brenda I. Payette, Administrative Assistant to the Finance Committee
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