7/14/2011 FINANCE COMMITTEE Minutes

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3. End of Year Appropriation Transfers Mark Davini rade a motion that the Finance Committee approve the seven 7) end-of-year appropriation transfers in one motion. Charles Gasior seconded the motion. The motion was unanimously approved. Mark Davini made a motion that the following seven end-of-year appropriation transfers b approved by the Finance Committee: 1 transfer$1,050.00 FROM Historical.Communications a/c T Historical Temporary Wage a/c 2)transfer$ 421.00 FROM Historical office Supplies a/c TO: Historical Temporary/wage a/c 3) transfer$ 226.00 FROM Town Insurance Expense /c TO: Human Services Expense a/c. 4)transfer$ 536.00 FROM Debt Service Expense c TO: Foreclosure Expense a/c 5)transfer$1,200.00 FROM Town Insurance Expense a/c TO: Selectmen Expanse a/c 6) transfer$ 995.00 FROM Torn Insurance Pr miums a/c TO: Town Cleric Temp. Wage a/ 7 transfer$2x431.00 FROM CLAMS Expense a/c TO: Library Salary Expense a1c Charles Gasior seconded the motion. The motion was unanimously approved. . Town Audit Expense Charles Gasior made a motion that the Finance Committee approve the first Town audit payment of $12,000 to Sullivan & Rogers r Company. Oskar Klenert seconded the emotion. The emotion was unanimously approved. . Committee Liaison Assignments The committee members agreed to table their liaison assignment decisions to the August Finance Committee meeting. E-Mail-Accounts Mark Davini stated that after consulting with the IT staff, the recommendation was to set up a Tern email account for each Finance Committee member. hark explained that if vire use town email addresses, vire can take those seven individual email addresses and link tram to the general Finance Committee email. Mark Davini will work together with the IT Department to set up Town email addresses for each committee member, and will report on the new process at the next committee meeting. OPEN DISCUSSI I Oskar Klen rt stated his c ncem that the Finance Committee can approve taking $40,945 from the reserve account, but does not stipulate how the reserve account is to be replenished. Joyce Mason stated that each year the Finance Committee appropriates $100,000 to the reserve account. There was a balance from the past year of$77,274 before transferring out $40,945. i Joyce Mason stated that her staff is working this week to pay out any outstanding bills. EXT MEETING The next meeting of the Finance Committee ittee was scheduled for Thursday, August 25, 2011, at 6:30 PM, Torn Hail. As there was no further business, the meeting was adjourned at 7:30 PM. Respectfully submitted, Ina G. lobohm ecor i g Secretary 2