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Finance Committee Minutes <br /> January 8, 1991 <br /> Page 3. <br /> The Finance Committee unanimously agreed that the town should have a <br /> capital program for items less than $100,000 each. John Ferriday stressed that <br /> the town has to be very selective on recommending 2 ooverrides to fund capital <br /> _programs and members concurred with this statement. <br /> The Finance_ Committee members discussed their position on employee pay <br /> raises. It was the consensus that the statement be made that if raises are <br /> given to employees people will have to be laid off. The committee does not <br /> favor new positions or upgrades but will consider each position. <br /> Members .felt that budget .cuts .need ..to .be selective cuts rather than a <br /> percentage cut to all department budgets. <br /> The committee next addressed a Request for Transfer for $10,000 for <br /> clerical overtime from Chief Frye of the Police Department. Members asked the <br /> secretary to' have Chief Frye address this issue at the next Finance Committee_meeting. <br /> The Finance Committee unanimously approved a Request for Transfer in the amount <br /> of $42,000 for the Insurance Premium Account. Kevin Harrington submitted this <br /> request to cover the cost of an addition premium for Worker's Compensation due <br /> to an audit. <br /> At 8:45 .p.m. the committee went into Executive Session. <br /> The meeting adjourned at 9:10 p.m. The next meeting is January 14th, at <br /> b:30 p.m. <br /> I <br /> Gail McNabb <br /> Board Secretary <br />