1995-BOARD OF SELECTMEN - Laserfiche WebLink

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Page 2 Finance Committee to their letter or getting a copy of the letter which would show the Finance Committee's support. Joint Meeting with the Board of Selectmen Capital Committee - The Committee discussed that it was the feeling of the Board of Selectmen that $800,000 be placed in the Capital Committee's budget. Mr. Golub indicated that the Long Range Plan includes $500,000 for the Capital Committee's budget and also contains $100,000 for interest that would be paid on the dump closure. The Selectmen believed that this excess should be placed in the Capital Replacement Account, since it had been included in both the Long Range Pian and the Capital budget. Mr. Golub believed that the Town should review the Capital Committee and this extra $100,000, but not make any decision regarding the $800,000 until the high school opens. Ms. Sullivan asked if it had been suggested that this money be placed in Stabilization. Ms. King answered that the Executive Secretary did not wish to spend this excess on the operating budget. Ms. King stated that the Finance Committee did not agree to change anything, but wished to leave things as is until some information comes in regarding the high school. Ms. King also mentioned that the Finance Committee needed to think about a citizen they wished to appoint to this Committee. Mr. Bacigalupi stated that he would again ask the Cable Committee to post the position again. Ms. King would also call Mr. Kumin and ask if he would be interested. Mr. Bacigalupi mentioned that the Fire Department would be turning back approximately $5,000 to $8,000 to the Town from the Hazardous Material Account. Requests for Transfers There were three requests for transfer from the Reserve Fund. The first was from the Town Accountant requesting that $819. 27 be placed in the Interest on Refunds Account due to interest due on abatements. Mr. Goggin Motioned that the Finance Committee approve this transfer. Mr. Bacigalupi seconded the Motion and members approved 6-0. Mr. Golub amended the Motion by adding, to read subject to the Town Treasurer's saying the money is not owed by the taxpayer. All 6 members were in favor of the amendment. The Chairman would contact the Town Treasurer. The second request was from the Town Accountant for $30.00 to be placed in the Account for Temporary Borrowing Inside 2 1/2. There was a $30 typographical error in Article #5 at the Special Town Meeting. Dan Goggin Motioned to approve this request. Mr. Bacigalupi seconded the Motion and members approved 6-0. The third request was also from the Town Accountant requesting that