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<br />-INANCE COMMITTEE
<br /> Finance Committee Minutes
<br /> February 26, 1985
<br /> Present: Frederic Blythe, Avis McKinley, Jane Peterson, David toddy and Elizabeth Terry
<br /> Absent; Lou Hronek and William Towner
<br /> The Library Building Committee attended the meeting to present facts and figures for
<br /> a new library which will be requested at the annual torn meeting. The first article
<br /> will request funding for the building. Using last year's cost -of $439,200, it was
<br /> broken down as follows - Engineering, Architecture and Legal $2000, site Preparation
<br /> Construction $358,800, Landscaping $5000, Equipment and Furniture $4800 (all usable
<br /> equipment and furniture from present building will be used) , Clem of the works $10,400,
<br /> and Contingency Factor $15,000. Reestimates have been requested and should be received
<br /> by March 10. Federal funds for libraries should be received by .July 1. The Commonwealth
<br /> of Massachusetts expects to receive $536,000 - Ma hpee hopes to receive $80,000. The
<br /> federal regulations h'a e not been r-eee ived;?abut' ..the futid-.applications will,-be mailed by,.3 2.
<br /> `.1-he town cannot go out to bid prior to the money being given out, and the town Must
<br /> be supportive of the article in order to get these funds. The estimated cost is $450,000,
<br /> and will be funded as follows - $50,000 title 2 grant, $36,000 yearly for five years
<br /> for a special vocational school reimbursement (total $180,000) , a.nd $100,000 from overlay
<br /> eserve. Approximately $300,000 will be borrowed upfront and to be`-repaid within five
<br /> ears. Interest payments of $17,500 will be needed for the_ first year, $23,750 second
<br /> year, $17,820 third year, $11,880 fourth year and $5,940 for the final year. The tax
<br /> rate effect would only be pennies the first year, 12 the second year, and less for
<br /> the remaining three years.
<br /> The following budgets were reviewed and unanimously recommended as follows;
<br /> Board of Health - Board salary $4500 requested, $3900 recommended. (level funded) , Agent
<br /> Salary $20,879.71 requested and approved, Clerical Salary $16,753.45 requested and
<br /> $14,253.45 approved (temporary person $2500 not recommended), Expense $4000 requested
<br /> and $3000 recommended ($771.34 expended ,July-December out of $3100 appropriation),
<br /> Health Services $24,250 requested and $16,350 recommended level funded) , sanitation
<br /> Environmental $13,300 requestedand $12,000 recommended, Motor Vehicle $1000 requested
<br /> and approved, and Assistant Salary $19,260.73 requested and approved. A emotion of
<br /> $17,000 was considered and withdrawn in favor or a motion to level .fund Health services.
<br /> The Lipper Cape Visiting Nursing Association fee of $14,675 was up $4,675 from last year;
<br /> the committee did not approve such an increase.
<br /> Accounting # This budget was approved as requested - Assistant SAlary $15,510.04, Accountant
<br /> Salary $23,574.93, wages $500, Town Audit $7400, and Expense $1500.
<br /> Pars & Recreation - Director's Salary $20,779.68 requested and approved, wages $6743. 10
<br /> requested and approved, Expense $11,305 requested and approved, Lifeguard Wages $23,002.20
<br /> requested with $17,000 being approved (approximate cost to staff Attaquin Park).
<br /> own Planner - Salaries $42,673.53 (Planner $27,364.68, Secretary $12,657.05, Temporary
<br /> Intern $2552.80) requested and approved, Expense $2967.93 requested and approved, Telephone
<br /> $960 requested and $600 approved, Computer $664 requested and approved, Field ServIces
<br /> Expense $3120 requested and approved, and wages $500 requested and approved.
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