03/08/1989 FINANCE COMMITTEE Minutes

Home Browse Search

Finance Committee March 8 , 1989 Page 2 . fund the opening of the new Coombs School . Mr . Towner suggested that in one election there be two items on an override , the opening of the school and Semass . Elisabeth Petti did not want an override for the school explaining that it was a terrible chance to take . Carl explained that the town is 22 million dollars short and an override was the only alternative . Carole said she felt very confident the town would approve an override . Lincoln was concerned about managing two separate budgets if the override should pass . Carl stated that he did not want to fracture the budget . A solution is needed should the budget be put first and then the article or vice versa? Dr . DeMoura asked Carl to check into the available options . DeMoura noted that if the override should fail the $492 , 270 associated with the opening of the Coombs School could not be totally taken off the budget . Approximately $134 , 150 of this would have to be put back in the budget . Carl stated that the there would be a meeting the following night with the Executive Secretary and a meeting on Monday , March 13 with the Selectmen to discuss this matter further . The Superintendent was invited to attend with the Selectmen on Monday evening . Carl told the .Superintendent he would contact him as soon as a decision had been made . Diane Rommelmeyer the Town Accountant joined the meeting . The first item addressed was a Request for Transfer From the Reserve Account for $2 , 500 to be transferred to the Accountant Wages Account. These funds are for temporary help to continue to keep pace with the daily operations plus continue to take care of the existing backlog of work . Extra hours to compile and assist in the preparation and typing of the omnibus budget were required . + Ed Dolan made a motion that the Finance Committee approve the Request , William Towner seconded , the Finance Committee gave unanimous vote of approval . Diane proceeded to review the Accounting FY90 budget . She noted that she has an article for a permanent part time position . Tf this position should be approved some of the money from the wage account could be removed . The Finance Committee had no other questions on the Accounting Budget . Diane distributed a "Salary Recommendations" notebook to all Finance Committee members . The Accountant had reviewed all the salaries and adjusted them to include the proper steps , cost of living , longevity , and 53rd week pay . Carl noted that there was a savings of $34 , 754 after the adjustments were made to the salaries . Diane stated that she would show the cost of the 53rd week per department and submit the information to the Finance Committee . Diane also distributed to the members the Veteran ' s Budget . This had been omitted from the omnibus budgets . The total figure of this budget was $31 , 932 .