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-tiun <br /> ." °o• ...ti b '�i <br /> Vi T <br /> P. 0. BOX 1108 <br /> ,Ry1Tl@LEC MASHPES, MA 02649 <br /> INANGE CMMITTEE <br /> Finance Committee Minutes <br /> Town Hall <br /> October 4, 1989 <br /> Present: Ed Dolan, Carole Dunivan, John Ferriday, Tony Gallo, Carl Heller, <br /> and William Towner <br /> The Finance Committee meeting convened at 7 p.m. Jeff Nutting the <br /> interim-Executive Secretary and Selectman Lawrence were also in attendance <br /> to discuss the warrant for the November 13th, special town meeting. The <br /> Selectmen had been specifically asked to attend this meeting to discuss <br /> the personnel articles that are on the warrant. <br /> Jeff Nutting noted that most of the personnel articles were voted to <br /> be created at the annual town meeting, therefore it does not require a 4/5 <br /> vote of the board to be put on the warrant. There are however two on this <br /> special town meeting warrant. <br /> The interim--Executive Secretary noted that there is approximately .$400,000 <br /> worth of bills on the warrant that needs to be raised or transferred from <br /> Free Cash, and this doesn't include Stabilization. The Assessors have stated <br /> that there is approximately $150,000 to $200,000 available to raise. <br /> Finance Committee members agreed it was best to go with the low side of this. <br /> figure. There is about $800,000 available in Free Cash. The Selectmen <br /> want to maintain a Free Cash balance of $525,000 so they previously eliminated <br /> a lot of money articles at an earlier meeting. Jeff stated that the intent <br /> was to review the articles and raise the money till the figure limit was <br /> reached and then transfer the rest of the money for the -articles from Free Cash. <br /> All attendees proceeded to review the articles on the warrant. <br /> Article 1 - $6,00 to raise and appropriate for the Tax Collector Water <br /> District Expense Account . <br /> Article 2 - $5,600 which is a transfer from the Reserve Receipt for Appropriation <br /> System Development Account to the Mashpee Water District . <br /> Article 3 - $80,000 in interest payment that needs to be raised. <br /> Article 4 - $745 this is a transfer and is a bookeeping issue . <br /> Article 5 - $6,175 to be used for the purchase of Firefighter Safety Equipment <br /> as per a contractual agreement, this money to be raised . <br />