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Finance Committee <br /> November 7, 1990 <br /> Page 2. <br /> In view of the fact that approximately $1,800 would be recovered from the <br /> insurance company Carl motioned that the Request be amended to $2,000 and <br /> motioned for approval. Carole Dunivan seconded the amended Request and there <br /> was unanimous approval. <br /> Kevin Harrington addressed the Finance Committee regarding the the <br /> Request for Transfer in the amount of $3,307.30 for the Selectmen's Expense <br /> account to pay bills from Poland Springs for water the the town supplies to <br /> the Summerwood Condominiums and the Asher Path area. Kevin noted that he <br /> had spoken with the Water District and a delay in the bidding process had <br /> caused the delay in water availability in that area. He noted that as of <br /> November 15th, the town will no longer supply bottled water to the area. <br /> Deirdre motioned that the committee take this Request off the table and <br /> bring it before the committee for consideration. This was seconded by John. <br /> Deirdre motioned that the Request be approved and this motion was seconded <br /> by John. This motion did not carry with only two votes in favor, Carl and <br /> Jim and 5 votes opposed. It was felt that this Request should be deferred to <br /> special town meeting. <br /> Jim questioned when the subcommittees would be ready to address the various <br /> potential cost-saving issues, i.e. , full-time town counsel, cranberry bogs, <br /> town trash collection from public buildings, and private contractor rescue <br /> services. Vern stated that she could possibly have the information about <br /> trash pickup by the end of this year. Members agreed to address a time <br /> schedule for the subcommittees at the next meeting. <br /> Kevin distributed the projected FY92 Revenue figures, He noted an increase <br /> in revenue of $600,000, stressing that most of this increase will be "eaten up" <br /> by fixed costs. $442,000 is what is in Free cash right now. This Free Cash <br /> figure will be impacted by a short-term borrowing deficit, the 2% raises, <br /> the Poland Springs water bills and tuition costs. A more realistic figure for <br /> Free Cash would be $200,000 - $250,000. Jim noted that the Local Revenue <br /> figure is not firm and the committee would know more about Local Revenue in <br /> January. Jim stated that he feels that the committee will probably only have <br /> $100,000 more to work with than last year and in view of the need of a capital <br /> program he expressed concern about the ability of the town to even level-fund <br /> department budgets. Kevin has requested an impact statement from all departments <br /> noting specific items that will have to be cut. These impact statements and the <br /> department budgets are due December 10th and will be available to the committee. <br /> The budget forms will be the same as those used last year and the salary figures <br /> will not include-cost-of-living. <br /> t1N191� <br /> • car auayss�ar n�a�aHr) <br /> Revenue - <br /> R9cVPe=nd PtopertY IZ`.83.%0 <br /> 2 I fl 3I4.S9b <br /> 1OO= <br /> Gicwth 1.3OO= <br /> Sk:te Aid IAIOAOO <br /> Lnxd Revue I. OMM <br /> or po E�:+w I85 U0O <br /> aedr-y 442.OM <br /> silo 9 40= <br /> =I 0 211 n <br /> 15OAOO <br /> Trcnm'ea <br /> ;� I8,6O6.27 <br />