11/07/1990 FINANCE COMMITTEE Minutes

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Next Finance Committee Meeting—November-27th-at 7Yp;m, f TII�aTi of Cfflf ji3hpPP ��- P. O. BOX 1108 MASHPEE, MA 02649 FINANCE COMMITTEE MINUTES Town Hall November 7, 1990 Present: Carole Dunivan, John Ferriday, Tony Gallo, Deirdre Greelish, Carl Heller, Vern Polka, and Jim Vaccaro The Finance Committee Meeting was called to order at 7:05 p.m, Chairman Vaccaro requested that the minutes of the October 16th meeting be amended. There was a unanimous vote of approval of the amended minutes. The committee addressed a memorandum from the Town Clerk dated October 18, regarding so--called money articles. She stated that the Finance Committee did not take into consideration the cost of re-coding the articles for by-laws submitted to the town meetings. She noted that to date the .articles have an estimated cost of $2,000. Finance Committee members were not aware of the costs jnvolved in re-codification. Members discussed the possibility of limiting code changes to one annual meeting perhaps in October - updating only once a year. The members questioned whether re-codification was required immediately or was it possible to use a supplemental update sheet. It was the consensus that the Town Clerk should be asked to address this issue at the next Finance Committee meeting. The committee addressed a memorandum from the Superintendent of Schools dated October 16, regarding the contract settlement with the Mashpee Teachers' Association. A sum of $50,000 had been set aside to settle the 2% increase in salaries however the money had never been appropriated. Jim noted that the money was in Free Cash and would require town meeting action. The Moody's Municipal Credit Report was issued on October 25, 1990 and Mashpee received an "A" rating. The current balance of the Reserve Account is $67,139. George Denway the Harbormaster joined the meeting to discuss his request for Transfer in the amount of $3,787.13. This money is requested to cover the cost of a new 1990 8811P Johnson engine. The insurance will partially cover. the cost of this motor, however he stressed he has currently $200-$300 worth of bills currently due and he needs money to pull the boats out of the water and money to carry the department through the year. Vern emphasized that she did not want to take more out of the Reserve than was absolutely necessary. Carl motioned that the Request be taken off the table and brought before the committee for consideration. This motion was seconded by Tony Gallo.