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Joint Meeting - School Committee, Board ofSelectmen_, Finance Committee - <br /> January 29, 1997 - Page 3 <br /> Mr. Golub asked ed if the School Department is asking for Finance Committee <br /> Reserve Fuad transfer fr go to Town Meeting for discussion? <br /> Mrs. Lynch answered that a transfer would be preferred but would willing to d <br /> whatever is needed. <br /> Mr. Watt stated that presenting the article is the proper vehicle to be used <br /> rather than the transfer. <br /> Mr. Golub said, "The time to address expenditures is later in case the numbers <br /> change." <br /> Mr. Marsters expressed concems over waiting until the 11th hour" to address <br /> these 'issues. <br /> Mr. Goggia stated he would be willing to commit t support a 'down Meeting <br /> article in the amount o $65,000 to reimburse the FY97 school budget.et. Mr. <br /> Watt concurred. <br /> Mr. Golub said the request of $65,000 does not meet the criteria for a Reserve <br /> Fund Transfer because it currently is not ars emergency situation. When asked <br /> how much money is in the Reserve Fuad, it was. noted that approximately <br /> $901000 currently exists. <br /> Mr. Goggia rioted that other town departments must live within their budget for <br /> the remainder of the year. He said if the School c .r-tment cannot coo this, <br /> thea they should meet with the Finance Committee for further discussion. <br /> Mr. Costa suggested the School Committee file for a request for a Reserve Fuad <br /> `ransf r 'with the Finance Committee and suggested the Board ofSelectmen <br /> support this idea. <br /> At this point, a motion was made by Mr. ll arsters, seconded by Mrs.s. Ga ya t <br /> support a Reserve Fuad Transfer in the amount of $65,000 to reimburse the <br /> F" '7 school budget for unforeseen expenses related to the high school. <br /> TE: Unanimous (Board ofSelectmen only). <br />