6/26/2001 FINANCE COMMITTEE Minutes

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Finance Committee Minutes June 2 ,2001 Page Three. REOUEST FOR TRANSFER FROM THE RESERVE FUND To THE INTEREST OUTSIDE % ACCOUNT: request for transfer from the Reserve Fund to the Interest Outside 2 V2Account was received in the amount of $51,502.38 due to a deficit because the former Treasurer forgot to budget the Merest for the school land. Maryanne Gibbs made motion to approve the request for transfer from the Reserve Fund to the Interest Outside 2112 Account in the amount of$5,502.38. Carlton Meredith seconded. Voted— -0—Unanimous RETEST FOR TRANSFER R RTHE RESERVE FUND TO THE Mr+DICRE ACCOUNT request for ftw sfer from the Reserve Fund to the Medicare Account was received in the amount of$13M00 00 for benefits for the school lump out payments due to the increase in staff in the school dcpartment. The Town Accountant explained that there is one more payment left this year on Medicare. The budget was increased for 2002 so they should have enough money next year. Kathy Lynch made motion to approve the request for transfer of$13,000 to the Medicare Account. Dean Arden seconded. Voted 4-1 Arnold,Arden,Lynch,Meredith—approved C4ibbs—opposed REQUEST FOR TRANSFER FROM THF,RESERVE FUND TO THE " R L R CCOUNT: request for transfer from the Reserve Fund to the Foreclosure Account was received in the amount of$21,000 for payment of two hills for Coppola and Coppola totaling$40,010.14 due to an extensive research for tax foreclosure. The Town Accountant explained that the bill is for legal procedures that had to be done on foreclosures. The hills were mild on June 0 . Discussion followed regarding holding bills as unpaid hills and Wait until October to pay or they could pay the amount left in the account and pay the remainder in October. Kathy Lynch made motion to approve the transfer of$21,000 from the Reserve Fund to the Foreclosure Account. Dean Arden seconded. Voted -2 Arden,Lynch, Gibbs—approved Arnold,Meredith—opposed DISCUSSION REGARDING THF TAX_COLLECTOR'S OSCE BEING RE Ifs .TO PUBLISH A LLT OF I EIIIN [1ENT'TAXPAYERS AND S'T'ATUS of THOSE ACCOUNTS: Discussion was held regarding sending a liter to the Board of Selectmen to retest the Tax Collector's mice to publish a list of delinquent taxpayers. Maryanne Cribbs said the Town is required to publish a list of delinquent taxpayers if they go into tax title and Foreclosure. Once a taxpayer goes on a payment plan it is v ry confidential and should not be published. It was the consensus of the Finance Cottee to send a letter to the Selectmen with the request and let them research hove to do it.