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Finance Committee <br />Minutes <br />November 10, 2022 <br /> <br /> <br /> <br />NEW BUSINESS <br /> <br />1. Discussion and Approval of Request for Transfer from the Finance Committee Reserve Fund to the Town <br />Hall Expenses – Communication Account #01192101-5340. <br /> <br />Mr. Collins explained that the Special Town Meeting along with the ongoing issues regarding the Residential <br />Exemption as well as a dramatic rise in mail-in ballots were not anticipated. <br /> <br />A motion was made by Mrs. Furbush to approve to Transfer the amount of $25,000.00 from the Finance <br />Committee Reserve Fund to line item Town Hall Expenses – Communication. <br />Motion seconded by Ms. Schuh. <br /> <br />VOTE: Passed 6-0-0 <br />Roll Call Vote: <br />Mr. Gorman, Yes, Mrs. Furbush, Yes, Mr. Pettengill, yes, Mr. Mckelvey, Yes, Ms. Shuh, Yes, Ms. Smith, Yes <br />Opposed: None <br /> <br />2. Town Manager updates. <br />a. FY2024 Budget Process. <br /> <br />Terrie Cooke distributed the tentative F/Y 2024 Budget Calendar. <br /> <br />Mr. Collins stated that all of the Department Heads have submitted their requested budget. <br />During the meetings, the Department Heads come in and explain what the increases are, relating to wages and <br />expenses. <br /> <br />Mr. Collins went on to explain that, by Charter, the Town Manager is the Chair of the CIP. In terms of the <br />Operating Budget, the Town Manager can make a recommendation and the Finance Committee, by Charter, <br />make their own recommendations. <br /> <br />Terrie Cooke Distributed the tentative F/Y 2024 Budget Meeting Schedule as well as information regarding the <br />upcoming Tax Classification Public Hearing. <br /> <br />Mr. Collins suggested that if Finance Committee Members have any conflicts with the schedule or if any <br />additional information is required to please email Chair Pettengill and he will forward the information to the <br />Town Manager. <br /> <br />b. Any additional topics. <br />N/A <br /> <br />ADDITIONAL TOPICS <br />None at this time. <br /> <br /> <br />2 <br /> <br /> <br />