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MASHPEE FINANCE COMMITTEE <br /> MINUTES <br /> TIUESDAY, March 15, 2004 <br /> Present Chairman Carlton Meredith, Kathleen Lynch, Scott <br /> - Wellington, Frederick Blythe, James Turner, Dean Arden, <br /> Gerald Umina <br /> CALL TO ORDER <br /> Chairman Meredith called the meeting to order at 7:00pm in Meeting Room <br /> No. 3 at Mashpee Tows.Hall. <br /> ADMINISTRATI4NLANNOUNCEMENTS <br /> Meeting minutes of February 14, February 24, and March 9 were read and <br /> approved. <br /> Reserve fund balance is $391.,700 plus $25,000 set aside for Fire Capital <br /> Account � <br /> Expense fiend balance is $5,712.12 <br /> OLD BUSINESS <br /> Schools Department Budget. <br /> Chairman Meredith reported on a meeting at 3:00pm March 15 among the <br /> Town Administrator, Selectman Leveille., Ms. Lynch and Chairman <br /> Meredith to resolve the difference between Selectmen and FinCom in the <br /> Schools Department budget. The Selectmen wish to maintain them <br /> recommended level at $16,884,715. Ms. Lynch argued to increase the Level <br /> by $100,,000. Chairman Meredith suggested that $16,884,715 be approved, <br /> with the stipulation that any additional state aid received would be <br /> earmarked for the Schools Department. The issue was unresolved. <br /> Kathy Lynch'moved that FM' Com recommend the Schools Department <br /> budget be $16,984,715. Feed Blythe seconded. <br /> Votev* 6-- 0,, Unanimous. <br /> NEW BUSINESS <br /> Transfer of Reserve Funds to Planning Board <br /> The, Panning Board requested $6,,000 be transferred to the board's expense <br /> account to cover additional consulting engineer inspections resulting from <br /> changes in sub-division and zoning by-law changes, <br />