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Finance Committee Minutes <br /> December 2, 1987 <br /> Page 2. <br /> At a previous meeting the Finance Committee had approved three Requests <br /> for Transfer with an added contingency. The Committee was informed it could <br /> not. do this. The contingency stated that the following requests were "approved <br /> with the condition that the Water District, when funded, rebate these monies <br /> to the Town General Fund." <br /> $391.23 date 10/27/87 monies expended for wages for Water <br /> District Election - Labute <br /> $395.55 dated 10/27/87 monies for the printing of ballots and <br /> constable posting - Labute <br /> $3,600 dated 10/22/87 monies to bury temporary water lines <br /> for four buildings at Summerwood <br /> Condominium Complex. <br /> The Board Secretary was instructed to inform the Selectmen, Town Accountant <br /> and Town Clerk, that this contingency was rescinded, Chairman Heller <br /> however requested that the memorandum also state that this action was taken <br /> in the spirit of understanding that when the Water District is solvent these <br /> monies would be refunded. <br /> The Finance Committee next discussed a Request for Transfer received <br /> from the Park and Rec Department for $1800 for construction of a shed at <br /> John's Pond. The Committee decided to table this request until they approached <br /> the John' s Pond Park Committee to see if any fundswere available from that <br /> Committee. <br /> Heller informed the Finance Committee that the Personnel Board had <br /> approved a 5% increase in Fiscal Year 1989. <br /> Lincoln DeMoura, Superintendent of Schools joined the meeting to discuss <br /> his projected budget increases for FY89. In summary: <br /> FY88 Total Budget: $2 ,570.040 <br /> Projected Increases <br /> Regular Budget 727,478 <br /> Special Education Budget 123,939 <br /> 851,417 <br /> DeMoura noted that the $851,417 figure did not take into consideration any <br /> increases in Teaching Salaries and quite possibly the figure would reach a <br /> million dollars. DeMoura noted the skyrocketing enrollment and stated that <br /> it was directly related to the increase in the budget. The projected <br /> . enrollment for 1988 is 820 students, this will require that the Town add <br /> 5 modular classrooms with the necessary staff and equipment. <br /> DeMoura also noted that $25 ,500 had been included in the school <br /> budget for a new truck. The current truck the school has is T years old and <br /> is "tired." He noted that at present a vendor comes three times a weekfor rubbish <br /> •and charges $2,000 a year. However, with the implementation of Semass the <br />