01/14/2003 FINANCE COMMITTEE Minutes

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E E T 0 W 0711'� M 1-1 ■ NIASHPEE FINANCE COMMITTEE T� :41- MINUTES 03 FFB 28 1`1H I I - I TUESDAY, JANUARY 14, 2003 'resent: Chairman Carlton' Meredith Jean Arden, Fred Blythe, Terrie Cook,Kathleen Lynch, James Morgan Absent: ,Teff Arnold CALL TO ORDER: The meeting was called to order at 7:o 5 p.m, at Mashpee Town Hall,Meeting loom #1. ADMINISTRATIONANNOUNCEMENTS Chairman Meredith introduced Diane Quirk, a candidate for the open position of committee secretary. Members present interviewed Ms. Quirk. Terrie Cook moved that the committee recommend Ms. Quirk for employment as eorntnittee secretary to the Board of Selectmen. James Morgan seconded. Vote: 5- 0, unanimous OLD BUSINESS There was no Old Business before the committee. NEW BUINESS Transfer of Funds Brom Reserve Fund to Selectmen's Account, Town Administrator Joyce Mason and Fire Chief George Baker presented a case of an injured fire fighter,the long-tern treatment for whom has resulted in arrears in medical expenses to the town anticipated to be $2 l,000 through the end of GY03. Dean Arden moved to authorize the transfer of$21,000 from the Reserve Fund to the Selectmen's account. Tyrie Cook seconded. Vote: 5-0, unanimous School Funding Request. Kathleen Lynch presented information from the recent MMA Conference on potential shortfalls in expected state aid for the remainder of FY03 and for FY04. She also briefed the.committee on her discussions with the Superintendent of Schools and the School Committee. The school administration has indicated a need for an increase of up to 11% over FY03 funding to provide level service. A meeting among Selectmen,Finance Committee, and School Committee representatives is anticipated once the analysis of available revenues i completed. No votes � p were taken.