1988-FINANCE COMMITTEE - Laserfiche WebLink

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t l 'hill of C ns�pfE P. O. BOX 1108 fgg p CO MASHPEE. MA 02649 FINANCE COMMITTEE MINUTES Town Hall January 13„ 1988 Present: Carol Dunivan, John Ferriday, Carl Heller, Lucille Misurella, and William Towner Vern Polka, Town Accountant The meeting convened at 7 p.m. The first order of business was to review the Requests For Transfer From The Reserve Fund. 0 Request for Transfer From The Reserve Fund - $1,800 Parks & Recreation This request is for funds to replace unforseen expenditure of $1,800 - which is 50% of the cost of a new storage shed for John' s Pond Park. This shed was destroyed by fire and is used for storage. Wendy Rubin is requesting the funds be transferred to the Parks & Recreation Expense Account. The present balance in the account is $6,224.48. Carl expressed his belief that this request should be denied and all members present agreed. The Transfer - was disapproved. - • Request For Transfer From the Reserve Fund - $89.00 - Department of Public Works Ernie Virgilio joined the meeting to expain that Clauson Cheverolet had been awarded the contract as the low-bidder for a 1988 Chevrolet 1 ton 4x4 truck at a price of $16,894.03. They have to date not delivered and now indicate that they do not intend to deliver. The next low bid was from Bucklers GMC at a price of $17,987. Ernie would like to accept the Buckler bid and is therefore requesting a transfer of $52 to meet the bid price. The price difference is $1,092.97 and available funds are $1004.09. All Finance Committee members present were in. favor - Transfer approved. • Ernie Virgilio next addressed the Finance Committe regarding Ihis need for $50,000 for snow and ice removal and stated his need for a Request For Transfer From The Reserve Fund to the snow and ice expense account.