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7 <br /> Finance Committee <br /> Minutes <br /> February 4,2016 <br /> NEW BUSINESS <br /> Town Manager's Recommended Operating Budget for FY17: (continued) <br /> It was reported overall,the budget is anticipated to increase by 2.1%. Currently, insurance premiums <br /> are projected to surge by 12%. If the number is reduced, an overall savings will be realized. <br /> It was agreed that specific questions would be addressed to the Town Manager. The Finance Committee <br /> is scheduled to meet with the Town Manager at their next meeting on Thursday,February 18,2016. If <br /> required, a Department Head will accompany the Town Manager to this meeting. <br /> Finance Committee members were directed to email questions to the Chair by Friday, February 12'h for <br /> compilation. <br /> Adjournment: <br /> Motion made by Mr. Klenert to adjourn at 7:32 p.m. <br /> Motion seconded by Mr. Richardson. <br /> VOTE: Unanimous. 6-0. <br /> Roll Call Vote: <br /> Mr. Avis,yes Mr.DelPonte,yes Mrs. Cook,yes <br /> Mr. Klenert,yes Mr. Richardson,yes Mr. Pettengill,yes <br /> Opposed,none <br /> Respectfully submitted, <br /> Kathleen M. Soares <br /> Finance Committee Secretary <br />