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i <br /> Finance Committee Minutes <br /> June 26,2001 <br /> Page Two. <br /> REQUEST FOR TRANSFIER FROM THE RESERVE FUND TO THE STREET LIGHT ACCOUNT: <br /> request for transfer from the Reserve Fund to the Street Light Account was received in the amount of$1, <br /> for street lights for the motith of.lune. This short fall is due to the increase in energy costs. <br /> Joyce Mason said they fell short this year based on last month's bill. They are hoping to receive rebates next <br /> year. Discussion followed regarding paying the bi11 in October. <br /> Maryanne Gibbs made motion to approve the request for transfer from the Reserve Fund to the Street Light <br /> Account in the amount of$1,000. f <br /> Dean Arden seconded. <br /> Voted—3-2 <br /> Arden.,Lynch, Gibbs-•approved <br /> Arnold,Meredith—opposed <br /> REQUEST FOR TRANSFER FROM THE RESERVE FUND TO THE FIRE DEPT';,EXPENSE <br /> 4 <br /> ACCOUNT: <br /> A request for transfer from the Reserve Fund to the Fire Dcpartmcnt Expense Account was recci ed in the <br /> amount of$4,000 for expenses related to the emergency repairs of vehicles, R354,R361andE351. Amajor <br /> repair to E1 last fall incurred an expense of approximately$8,000. This large expense crippled the Fire <br /> Department emergency repair subline. A transfer is needed to complete other emergency repairs. <br /> Chairman Arnold said he spoke with Chief Baker and he explained that the problem started in the winter when <br /> vehicle needing repair cost a lot of money. Originally the Chief said he could get by with$2,000 then said no <br /> he needed$4,900. <br /> Carlton Meredith rade motion to approve a transfer from the Reserve Fund to the Hare Department Expense <br /> Account in the amount of$21000. <br /> Dean Arden seconded. <br /> Voted—4-1 <br /> Arnold,Gibbs,Lynch,Meredith—approved <br /> Arden—opposed <br /> onunittee members discussed the need to have bills acoompany the requests for transfers..It was the <br /> consensus f opinion that if a bill is not received with the request they will give it back saying not enough <br /> documentation. <br /> RE VEST FOR TRANSFER FROM THE RESERVE FUND TO THE DATA PROCESSING SALARY <br /> ACCOUNT. <br /> A request for transfer from the Reserve Fund to the Data Processing Salary account was received in the amount <br /> of$43.20 for the last week's pay for the Data Processing Director. This expenditure is due to a budget shortfall. <br /> The Town accountant explained that when the budget was done they did not take into consideration the step <br /> raise of the Director. <br /> Maryanne Gibbs made motion to approve the request for the transfer of$43.20 to the Data Processing Salary <br /> Account.. <br /> Carlton Meredith seconded.. <br /> Voted— - —Unanimous <br />