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15 <br /> Finance Committee <br /> Minutes <br /> February 20, 2020 <br /> APPOINTMENTS & HEARINGS <br /> Review and Action on Fiscal Year 2021 Budget: (continued) <br /> Retirement Expense - $3,562,105: <br /> Motion made by Mr. McKelvey to approve and recommend the Retirement Expense <br /> budget. <br /> Motion seconded by Mr. Pettengill. <br /> VOTE: Unanimous. 6-0. <br /> Roll Call Vote: <br /> Mr. Richardson,yes Mr. Pettengill,yes Mr. McKelvey,yes <br /> Mr. McCahill,yes Mrs. Furbush,yes Mr. Miller,yes <br /> Opposed, none <br /> Question, How is this distributed, does this include the Schools? <br /> Unemployment- $40,000: <br /> Motion made by Mr. McCahill to approve and recommend the Unemployment budget. <br /> Motion seconded by Mrs. Furbush. <br /> VOTE: Unanimous. 6-0. <br /> Roll Call Vote: <br /> Mr. Richardson,yes Mr. Pettengill,yes Mr. McKelvey,yes <br /> Mr. McCahill,yes Mrs. Furbush,yes Mr. Miller,yes <br /> Opposed, none <br /> Medical Insurance - $7,851,736: HELD <br /> Motion made by Mr. McCahill to HOLD the Medical Insurance budget. <br /> Motion seconded by Mr. Richardson. <br /> VOTE: 4-2. Motion carries. <br /> Roll Call Vote: <br /> Mr. Richardson,yes Mr. Pettengill, no Mr. McKelvey, no <br /> Mr. McCahill,yes Mrs. Furbush,yes Mr. Miller,yes <br /> Opposed, (2) <br /> The Town Manager will be requested to explain the difference this year in terms of how the <br /> budget is developed. It was noted the estimate is based on the high side using the most <br /> expensive plan. <br />