12/23/1988 FINANCE COMMITTEE Minutes

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Finance Committee Minutes December 23 , 1988 Page 2 . Chairman Heller informed the Committee that the Reserve Fund figure is $104 , 096 . Ernie Virgilio is requesting an $8 , 000 Request for Transfer to purchase a 1966 used GMC truck from Butler GMC , Inc . Murphy noted there were a number of bids . The 1975 truck presently owned and used at the landfill is no longer working . This $8 , 000 bid represents the lowest bid . This dump truck would be used to haul fill from one side of the dump to another and is used exclusively for the dump . Murphy noted there is to be a question at Town Meeting as to whether the DPW or a private concern will operate the landfill . Ernie may be out entirely if the Town Meeting decides to turn operation over to a private company . In view of this fact , The $8 , 000 for a 1966 truck makes more sense . All the other bids received for a second-hand truck were over $20 , 000 . Murphy noted that if the DPW should be out of the landfill business this truck would probably be used by the DPW , he noted also the tendency of the DPW to accumulate as many vehicles as possible . Murphy noted that he would be checking into the DPW fleet , basically because of concerns about insurance costs . John Ferriday moved that the $8 , 000 Transfer for the DPW be approved , Willian Towner , seconded , unanimous vote . The Finance Committee next addressed a Request for Transfer in the amount of $19 , 130 , 58 . This is really a "paper" transfer and represents interest on bond to purchase two parcels of land . An Article will request at the January 30th Special Town Meeting Warrant to Transfer money from another account for this purpose . Murphy noted that the money is in another account . This is not coming from the Reserve Fund . Murphy noted that the money is needed by mid-January . The Request is not really a Transfer . However , if for some reason the Town Meeting chooses not to accept the Transfer the Town will have the authority to at least transfer money from the Reserve Account . The town has a legal obligation , and needs a commitment that the money will be there . Murphy noted he is really seeking an authorization , however , it will not be used unless the Town Meeting turns the request down . Murphy noted that this is in essence borrowing from ourselves . Carl Heller moved the Finance Committee approve the $19 , 130 . 58 Request for Transfer with the understanding that it would only be used if the town does not give a favorable vote at the January 30th Special Town Meeting . William Towner seconded the motion , unanimous vote . Murphy noted that the Pumper Truck has been sold for $85 , 001 to the Scotland Connecticut Volunteer Fire Department . It was agreed by all that this was a pleasant surprise and -it means t.hat Mashpee will not have to borrow to purchase a new truck , The Finance Committee considered a Request for Transfer in the amount of $325 . 00 for the Town Clerk , Jane LaBute . These funds are requested to cover the recount costs for the Clerk ' s race . Carole Dunivan motioned that the Request be approved , John Ferriday seconded , and a unanimous vote of approval followed .