2/20/2020 FINANCE COMMITTEE Minutes

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18 Finance Committee Minutes February 20, 2020 APPOINTMENTS & HEARINGS Analysis of Budget and Content of Finance Committee Report: (continued) The format of the report is being modified for ease of review and understanding. The narrative of the report and Chairman's Letter is also considered for alteration with non-colored graphics proposed for insertion into the document on various pages. In considering various aspects to improve upon the presentation of the Finance Committee Report, a new quote may be used on the cover. As previously determined the Report of the Finance Committee would also contain the wording;And Articles of the Warrant including Recommendations of the Finance Committee. As the discussion regarding graphics continued, it was determined that additional illustrations for the report should include the Revenue Schedule. This type of visual would portray the importance of fee increases, and of equal significance earned income. As an action item for the next meeting,the Town Manager would be requested to provide a summary of the revenue stream. It was also suggested the Finance Committee review the mandates of the Town Charter to ensure the Finance Committee is compliant in its duties required for the preparation of the Finance Committee Report. Town Manager Rodney C. Collins will be requested to attend the next meeting to review the operational budget HOLD items and to discuss revenue,both historical and planned data. COMMUNICATIONS & CORRESPONDENCE Finance Committee Resignation: There is an indication that Finance Committee member Chuck Gasior may be resigning from his position as a member of the Finance Committee. After a brief discussion it was agreed that Mr. Gasior would remain as a member of the Finance Committee until such resignation is received in writing. NEXT MEETING Thursday, February 27, 2020—6:00 p.m. Popponesset Meeting Room