3/25/1997 FINANCE COMMITTEE Minutes

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11 built on it. It is 15 or 16 acres. The man would let it go for$150,000,which is a very good price. Mr. Costa noted that there is a lot of support for this Article. Mr. Costa stated that Article#36 is to purchase two large cranberry bogs in the amount of$32,000. Police and Fire Contracts: Mr. Whritenour commented that the Board of Selectmen is bound by law to support these awards. He noted that the Board of Selectmen supports the Police and Fire awards and will indicate support of these awards at the Town Meeting. Finance Committee Transfer: Mr. Golub noted to the Selectmen that the Finance Committee needs$2,500.00 transferred from the Reserve Fund to publish the Finance Committee's Report to the Town, as voted in the last Town Meeting. He stated that he needs the Selectmen's approval. It was voted on at Town Meeting but it was not funded. Motion made by Mr. Gallo to approve the transfer of$2,500 from the Reserve Account to the expense account of the Finance Committee. Seconded by Mrs. Goulart. Vote:Unanimous 7-0. Vote by Board of Selectmen:Unanimous. SELECTMEN ADJOURNMENT: The Selectmen adjourned their meeting at 9:41p.m. FINANCE COMMITTEE RECOMMENDATIONS ON SCHOOL BUDGET: The School Budget is requesting$10,500,000. The Finance Committee has already approved the budget figure of$9,400,000. Mr. Golub noted that Dr.DeMoura stated that he needs $10,500,000 because of the growth of the schools. There was discussion about an override being required if the budget figure of$10,500,000 is approved After discussion among the Finance Committee,the following motion was made: Motion made by Mr. Gallo to have Chairman Golub approach Dr. DeMoura and inform him that the Finance Committee is firmly staying with the figure of $9,400,000 and we would only consider revision if we saw movement down from the level that the School Budget figure is at. Seconded by Mr. Watt. Opposed: Mr. Golub,Mr. Goggin,Mrs. Goulart,Mr. Cleary,Mr. Cumin Abstain: Mr. Watt Motion Denied.