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Finance Committee Minutes <br /> September 13 , 1988 - page 2 . <br /> Harbormaster boat/trailer 12 , 000 <br /> Sewage Treatment 16 , 500 <br /> Transfer Station 75 , 000 <br /> Emergency Equipment Repair 10 , 000 <br /> Murphy noted that these figures needed to be refined and his <br /> goal was to go into the Annual Town Meeting with $400 , 000 . <br /> Finance Committee members expressed there concern over how this <br /> money could be "hoarded" till the Annual Town Meeting . Murphy <br /> stated that the money could be preserved by appropriating money <br /> to articles and transferring it out later . The various methods <br /> of preserving money , so that it can be carried over into next <br /> year's operating budget will be further addressed at the meeting <br /> of the Finance Committee on October 4th . <br /> The Finance Committee discussed the 1989 Annual Town Mtg . Schedule . <br /> Member Dolan stated that the Consolidated Budgets had to be received <br /> by the Finance Committee prior to the January 27th date suggested <br /> by Murphy . The reason being that this did not give the Committee <br /> adequate time to review department budgets . Murphy noted that the <br /> Finance Committee has been criticized in the past for reviewing <br /> department budgets prior to knowing the total amount of money <br /> requested by all departments . This is the reason that the Finance <br /> Committee fells that it is necessary to have the consolidated <br /> budgets earlier than Murphy proposed . Carole Dunivan suggested <br /> that the Committee review the department budgets prior to the <br /> department appearing before Finance Committee . Heller suggested <br /> that the Committee member responsible for reviewing a department <br /> budget discuss the budget with the Department Head then discuss it <br /> with the Finance Committee . Each member would thus be cognizant <br /> of the department ' s expenses . The entire budget process was moved <br /> up in time and revised as follows : <br /> Operating Budget Briefing Nov . 14 <br /> Operating Budgets Due Dec . 23 <br /> FINAL Revenue Estimates Jan . 17 <br /> Consolidated Budget to Fin Com Jan . 17 <br /> Fin Com Recommendations on <br /> Operating Budget Mar . 14 <br /> Murphy told Finance Committee members that in FY91 there will <br /> be a loss of growth money due to the moratorium . In FY90 there <br /> will be heavy receipts for building permits due to fear of the <br /> upcoming moratorium . , One of the reasons for the unusually high <br /> free cash was due to the development of property and new construction . <br /> It is important to consider this in light of the town building a <br /> new school , and the present free cash figure . <br /> Murphy discussed with the Finance Committee the $86 , 000 <br /> temporary loan borrowed for the Water District which is due in <br /> July . The Water District will buy this from the town , no interest . <br /> The disposition of this money needs to be addressed with the <br /> Selectmen . The money received from the Water District will go <br />