04/01/1987 FINANCE COMMITTEE Minutes

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Finance Committee Minutes CORRECTED PAGE April 1 , 1987 Page 3 . seller would like a commitment by the end of the first week in April . The Finance Committee voted to sign the Request - if the town votes approval of the Article then the Request is voided , if no action is taken by the town on the Article then the Request for Transfer is legal . Finance Committee members had previously reviewed the Shellfish FY88 budget and recommended that the new equipment funds requested be put in the Expense request . The Commission reported that they were $450 short and needed a typewriter and asked to have $450 added to the Expense request . The Finance Committe approved the Expense Request at $5 , 444 as per their request . Vern reviewed the Omnibus with the Finance Committee and the Committee made several: changes and corrections . , Police Wages 130 , 550 0 on override Fire Wages 113 , 480 0 on override Police Expenses 115 , 220 10, 000 on override Librarian Expense 23 , 770, Shellfish Expense 5 , 444 Retirement System Assessment 234 , 897 A corrected copy of the Omnibus as the Finance Committee recommended is attached . The Town Accountant explained the Debt Services to the Finance Committee members and the debt services were approved with the total of $906 , 138 . The next item to be discussed was a letter from the Superintendent of Schools .' dated March 24 , 1987 . The Superintendent in October of 1986 had informed the Board of Selectmen that there was the potential of a deficit in the school budget of approximately $51 , 000 . The Superintendent was now informing the Selectmen and. the Finance Committee that the deficit could be 50% less than the original figure . The Finance Committee reviewed the letter and agreed that this money had to be set aside to cover the deficit . A Request for Transfer from the Reserve Fund in the amount of $869 . 96from the . Board of Health was next reviewed. This money was requested to be transferred to the Wage Account for wages for the principal clerk for the hours used to cover the Board of Health meetings and for overtime necessitated through the absence of the Health Agent , who is absent due to illness . This account has been used also to employ a part-time person to handle dump stickers and answer the phone . This figure represents 13 weeks at $91 . 85 per week . Finance Committee members reviewed the request and expressed their belief that this request should be disapproved and was so voted .