Town of Newbury
Finance Committee Meeting
Tuesday May 15, 2012 at 7:00 pm, Town Library
Meeting Summary
In Attendance: Gene Case (Vice Chair), Bob Connors, Larry Guay, Erica Jacobsen, Marshall Jespersen, Frank Remley (Chair), Frank Wetenkamp
Ex-Officio: Tracy Blais, Town Administrator/Finance Director
1. April 17 Meeting Summary: Unanimously adopted without change.
2. April YTD Revenue and Expense Summaries (Town Administrator):
General Fund operating expense is projected to increase by $29,144 in FY13 over FY12. This includes a general wage and salary adjustment for FY13 of 2.0%, which is the first increase since FY10.
5. Review May 22 ATM warrants: After considerable discussion and clarification, the Finance Committee voted unanimously (7-0-0) to recommend approval of the following articles without modification:
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