2/25/2003 FINANCE COMMITTEE Minutes

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.a OM64 '—'.LC3 T ij t' E MASHP FINANCE COMMITTBB ' * ' MINUTES F Emu- AM I TUESDAY,FEBRUARY 5,2003 03 Present: Chairman Carlton Meredith Jeffrey Arnold, Dean Arden, Theresa Cook, Kathleen Lynch, Jaynes Morgan. Frederick Blythe arrived late FALL To ORDER - Th.e meeting was called to order at 7:00 pin at Mashpee Town Hall, meeting room no. 1. ADNIMSTRATIONANNOUNCEMENTS Motion to approve the minutes of Finance Committee meeting January 14, 2003 was seconded. Vote: 5--o, unanimous y Chairman reviewed a memo with attached application and resume from Personnel Department recommending Ms. Teresa Pearson for the position of Board Secretary. Ms-.- Pearson s:- P ar on will be invited to attend the next meeting to meet the committee. Ch trrnan apprised the committee of the forthcoming town audit. Carlton Meredith has been designated a member of the audit committee. Chairman apprised the committee a of a communication from the Town Accountant regarding free cash. The remaining certified and uncommitted free cash from FY 2002 vnll be reserved for funding the pending resolution of the police union contract and the deficit in snow removal account resulting from the recent winter stonrns. OLD BUSS SS School unding Request Kathleen Lynch, school department liaison, introduced Ms. Trish Parols i, Superintendent of Schools and Ms. Janice Mills, Chairman School Committee. The committee discussed the School Department's FY04 funding request ahnd the reductions recommended by the Town Administrator with the guests. Jeffrey Arnold moved and Teffie Cook seconded that the committee hold action on the school budget until the next meeting now scheduled for February 2 . Vote: 4— 1. Capital Improvement Program James Morgan revieVd the pending CIP committee funding recommendation and moved the committee approve expenditure of$206,132 to fund the items recommended by the CEP Committee: Kathleen Lynch seconded. Vote: 5—o unanimous