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MONSON FINANCE COMMITTEE NOVEMBER 5, 2012
Present: Bob Margerison, Bob Finnegan, Kurt Kaiser, Christine Edwards, Maureen O’Sullivan, Peter Fimognari, Jim Pennington, Gerry Brayton, William Dominguez, Brenda Payette (Administrative Assistant), Deborah Mahar (Town Accountant), Gretchen Neggers (Town Administrator)
Absent: All Present
The meeting was convened at 7:00pm
CORRESPONDENCE:
None
Meetings attended by members:
Mr. Finnegan attended two Capital Planning Meetings on October 17 and 22, 2012.
Plan of action was to first review requests; then decide what to put forward on the Capital Plan requests.
OLD BUSINESS / NEW BUSINESS:
Ms. Mahar gave an update on the October 2011 storm. Paper work is into FEMA, they received payment for $60,000.00. Additional reimbursement paperwork is still out, people from FEMA came out and the town should receive additional money in a few weeks.
August 2012 flooding- town responsible for that.
October 2012-Hurricane Sandy: Does not seem to be that much of an expense for the town. Ms. Mahar said they saw requests from different departments for extra personnel amounting to $10,000.00.
Mr. Kaiser gave an update on the new Town Hall/Police Building: The committee has interviewed two architectural firms, they have plans to interview two more firms and plan to make a decision shortly after.
Town Finance Updates:
Ms. Mahar provided copies of Fiscal 2013 Projections, 5 Year Capital Plan Requests and Capital Recommendations for Special Town Meeting on 11/26/2012.
Ms. Mahar said revenue projections as of now: $420,810.00 this is due to new growth increase mostly due to new homes being built from the Tornado.
Finance Committee members voting on Special Town Warrants for 11/26/2012:
Article 1 |
Raise and appropriate $40,020. Ms. Edwards made a motion, Mr. Fimognari SECONDED, all voted YES. |
Article 2 |
Raise and appropriate $20,100. Ms. Edwards made a motion, Mr. Fimognari SECONDED, all voted YES with Ms. Edwards ABSTAINING. |
Article 3 |
Raise and appropriate $123,690. Ms. Edwards made a motion, Mr. Finnegan SECONDED, all voted YES with Mr. Fimognari ABSTAINING. * |
Article 4 |
Transfer and appropriate$50,000. Ms. Edwards made a motion, Mr. Finnegan SECONDED, all voted YES with Mr. Fimognari ABSTAINING. |
Article 5 |
Raise and appropriate $10,000. Ms. Edwards made a motion, Mr. Fimognari SECONDED, all voted YES. |
Article 6 |
Raise and appropriate $100,000. Ms. Edwards made a motion; Mr. Fimognari SECONDED, all voted YES. |
Article 7 |
Raise and appropriate $10,000. Ms. Edwards made a motion; Mr. Finnegan SECONDED, all voted YES. |
Article 8 |
RAISE and appropriate $117,000. Ms. Edwards made a motion; Mr. Fimognari SECONDED, all voted YES. |
Article 9 |
Ms. Edwards made a motion; Mr. Fimognari SECONDED, all voted YES. |
Article 10 |
Mr. Pennington read the amounts from the Capital Projects spreadsheet. Ms. Edwards made a motion; Mr. Brayton SECONDED, all voted YES. |
Article 11 |
Transfer and appropriate $12,006. Ms. Edwards made a motion; Ms. O'Sullivan SECONDED, all voted YES. |
Article 12 |
Passover |
Article 13 |
Passover to next meeting. |
Article 14 |
Passover to next meeting. |
Article 15 |
Ms. Edwards made a motion; Mr. Brayton SECONDED, all voted YES. |
Article 16 |
Ms. Edwards made a motion; Mr. Finnegan SECONDED, all voted YES with Mr. Margerison voting NO. |
Article 17 |
Ms. Edwards made a motion; Mr. Finnegan SECONDED, all voted YES. |
*Article 3 discussion:
First vote: Raise and Appropriate $50,000 to the School Department Account. Ms. Edwards made a motion, Mr. Kaiser seconded and the vote results were: Mr. Kaiser YES, Mr. Fimognari ABSTAINING and all remaining FinCom members voted NO.
Peter Sorrell from the School Committee spoke to Finance Committee. They are seeking $75,000 above net school spending. This is in addition to the $50,000 that was requested in article 3. They had a shortfall of $300,000 they got it down to $180,000. Mr. Lord from School Committee spoke to Finance Committee too. He said they are in this situation because they were caught with unexpected Special Education Circuit Breaker expenses. The increase of students requiring Special Education tuition services. These students are not enrolled in the Monson Schools at the time the budget was set at last town meeting, this came as a surprise.
FinCom noted that there is $420,810 in available cash, $197,120 allocated on other warrant articles leaving $123,690 remaining. Therefore Ms. Edwards made a motion to raise and appropriate $123,690 to the School Department Account, Mr. Finnegan SECONDED all FinCom members voted YES with Mr. Fimognari ABSTAINING.
Ms. Neggers stated that the School Department budget is less than years past. The Town has the money without using free cash.
The next scheduled meeting of the Finance Committee is:
Monday, November 19, 2012 at 7:00pm.
The meeting was adjourned at 8:45pm.
Respectfully submitted,
Brenda I. Payette, Administrative Assistant to the Finance Committee
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