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J <br /> r <br /> nance Committee Minutes <br /> January 9.2001 <br /> Page Three, <br /> ree, <br /> about$7,5004,000 for warrants including increase in postage. Training would cost$1,500 if all seven <br /> members were to go to ming and$200 for membership dues,which leaves about 00 left over for <br /> administrative cash such as paying for use of the Xerox machine,paper,etc. He and other members of the <br /> Board felt that$101,000 was not an unreasonable figure. Dean Awn said in his opinion he cannot support the ' <br /> increase to 10!0000. <br /> DETERMINATION ANIS USTt A„T1 N FOR AN INCREASE„OF THE RESERVE UNDO <br /> Board members discussed the need for increasing the Reserve Fund to VW0000. Jeff mold said if they <br /> increase t 00,000 they have to be more thorough and use the fund only for actual emergencies and be very <br /> strict when people came in. <br /> Jim Morgan asked the to put out a statement over the signature of the Committee and go on record <br /> that the Finance Comnuttee is going to put budgets together and vote m May and are not voting on items i <br /> October unless they are a true emergency. He felt they need a policy statement,saying how they are going t <br /> administer the budgets. <br /> Jim Morgan also mentioned that in September they really do not have numbers from the Mate and wondered if <br /> it would be better to move the October meeting back to the second Monday of November ember instead of first <br /> Monday of October. It would give an additional 5 weeks to look at mumbers coming from the Mate or they can <br /> keep the October meeting strictly for emergency articles. Discussion Mowed regarding this idea and having a <br /> strategic plan for the own. <br /> Jeff Arnold mace notion to have the Chair ask for increase in reserve fund to$200,000,seconded by Steve <br /> :ashes. <br /> Votcd— —unanimous. <br /> FTNN SALCONSEQUENCESQ OF THE LA ,IN MAILING OF TAX IILL$; <br /> Board members discussed the direct impact of the delay in mailing of tax bills. lc idents will be paying bills <br /> on.may l at instead of February 1"t,and they will have a double hill in May. Technically according to State.law <br /> residents have 90 days to pay their tax bill. <br /> APPROVAL OF ANTES; <br /> J ff Arnold made motion to approve the minutes of the November 14,2000,Finance Cottee meeting, <br /> seconded by Carlton Meredith. <br /> Voted— —Unanimous � <br /> i <br /> Steve Cashman made motion to approve the mutes of the December 18,2000,Finance Cottee meeting, <br /> seconded by Jim Morgan. <br /> Voted —Cashman,Morgan,Arnold,Meredith,Blythe <br /> Arden—abstain i <br /> TRANSFER OF FUNDS TO FINANCE COMMITTEE BUDGET: <br /> Carlton Meredith made motion to transfer$2,500 to the Finance Commitee amount for CommiUce obligations, <br /> seconded by lean Arden. <br /> Voted -0—Unanimous <br />