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t <br /> Board of Selectmen <br /> Minutes <br /> February 3. 2003 <br /> APPOINTMENTS AND HEARINGS. <br /> Joint Meeting—Finance Committee: <br /> The Board of Selectmen met jointly with members of the Finance <br /> Committee for the purpose of reviewing the FY04 budget. <br /> In attendance were Finance Committee 'embers; Carleton Meredith, <br /> Kathleen Lynch, Jeffrey Arnold, Theresa Cook, Jarnes Morgan, Frederic <br /> Blythe and Dean Arden. <br /> The analysis of available revenues for fiscal year 2004 was discussed in <br /> detail. The budget reflects a 10%reduction in expenses associated to <br /> Town government and incorporates an overall 2.5% increase in the budget <br /> of the School Department. <br /> To date,the projected shortfall is $1,156,602.' The estimate does not <br /> include the settlement of the Pollee contract estimated to cost $175,000 <br /> and the capital improvement program budget. <br /> It was agreed that the CIP Conun <br />