9/16/1997 FINANCE COMMITTEE Minutes

Home Browse Search

Article 5. To see if the Town will vote to raise and Explanation:This article is to fund increases to those appropriate or transfer from available funds the sum of accounts caused by an increase in personnel at the $20,500 to the Temporary Borrowing Inside 2-1/2 schools. Account,or take any other action relating thereto. (Submitted by Treasurer/Collector) Finance Committee does not recommend approval. This request is a best guess at this time. We do non know the Explanation:The interest inside 2-1/2 is for the full extent of what the actual outlay will eventuaUy Buffiehead Bay land purchase. These funds were require,if any. We can better deal with this at the next borrowed after the budget for the May Town meeting was Town Meeting. prepared. Finance Committee recommends approval. Article 9. To see if the Town will vote to appropriate and transfer from available funds a sum of money to offset the fiscal year 1998 tax levy,or take any other action relating Article 6. To see if the Town will vote to raise and thereto. (Submitted by the Board of Selectmen) appropriate or transfer from available funds the sum of $614.62 to the Interest Inside 2-1/2 Account,and Explanation:This article provides funds from available appropriate and transfer the sum of$21,240 from the Fire revenues to meet the Town's budgetary obligations for the Department 1989 Pumper Rehab Capital account as current fiscal year within the property tax limitations of follows: $18,750 to the Principal Inside 2-1/2 Account proposition 2-1/2 and to provide taxpayers with the and$2,490 to the Interest Inside 2-1/2 Account;or take second year of a three year property tax relief program. any other action relating thereto.(Submitted by At the time of publication,figures were not available for Treasurer/Collector) listing in the article. Based on estimates available it is anticipated that a minimum of$1,500,000 will be used for Explanation: The amount for the pumper rehab was this purpose. appropriated to the capital improvement account rather than the debt service account,and additional funds are Finance Committee recommends approval. required for interest. Finance Committee recommends approval. Article 10. To see if the Town will vote to raise and appropriate or transfer a sum of money to the Stabilization Account or take any other action relating thereto. Article 7. To see if the Town will vote to raise and (Submitted by the Board of Selectmen) appropriate or transfer from available funds the sum of $1,140 to the Treasurer/Tax Collector Educational Explanation: This article seeks to place a portion of Incentive Account,or take any other action relating available unencumbered funds into the Town's thereto. (Submitted by the Treasurer/Collector) Stabilization Fund for future use. Future use of Stabilization Funds require a 2/3 vote of Town Meeting, Explanation:Pursuant to Article XXIII of the Clerical At the time of publication,figures were not available for Union Contract,an employee in the Office of the listing in the article. Based on estimates available it is Treasurer/Tax Collector is entitled to this amount. This is anticipated that a minimum of$173,851 will be used for based on 114 credits at$10.00 per credit. this purpose. Finance Committee recommends approval. Finance Committee recommends approval. Article 8. To see if the Town will vote to raise and Article 11. To see if the Town will vote to raise and appropriate or transfer from available funds the sum of appropriate or transfer from available funds the sum of $129,650 to be distributed as follows: $14,000 to the $3,000 to the Herring Warden Expense Account or take Medicare Account, $115,000 to the Medical Insurance any other action relating thereto.(Submitted by Herring Account and$650 to the Group Insurance Account,or Warden) take any other action relating thereto. (Submitted by the Treasurer/Tax Collector) Explanation: This article seeks funds for reconstruction of the herring nm ladder located at Santuit Pond. 2 Finance Committee recommends approval.