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I <br /> compensatory time; guaranteed number of hours and <br /> compensation time in lieu of overttime. All members agreed <br /> that there was a need for standards and equity for <br /> compensation. The three questions that need to be explored <br /> regarding compensatory time are: <br /> 1 . Is the town better off having a set figure for <br /> compensation for all members of elected boards and <br /> no vouchers? <br /> 2. Is the town better off having no salary. for elected <br /> boards and having a voucher system for expenses? <br /> 3 . Would the town be better off if there were no wages <br /> and no vouchers for boards? <br /> Members also discussed the policy of granting guaranteed <br /> hours for certain positions . At present board secretaries <br /> are paid for four hours even if the board meetings do not <br /> last that long. <br /> Tony noted that he would also check into the policy of having <br /> an outside agency do the ambulance collection for the Fire <br /> Department . He stated that the Fire Department should have <br /> the computer capacity to do this themselves . <br /> Al noted that he would like the Finance Committee to issue a <br /> quarterly progress report. He stated that the purpose of <br /> such a report would be better communications with the people <br /> in town, boards and the selectmen. Al would like the <br /> quarterly report to include accomplishments of the Committee <br /> and expected revenues , financial situation of the town, taxes <br /> and any problems . Deirdre noted that the October town <br /> meeting would be the end of the first quarter and a report <br /> could be issued at that time . Al stressed that a quarterly <br /> report should be published in the newspaper so taxpayers are <br /> aware of the financial situation of the town. Al stated that <br /> it was his belief that such a report wouldfacilitate <br /> cooperation. Finance Committee members agreed that such a <br /> report would be a good idea. <br /> Members agreed that the agenda of the August 13th meeting <br /> should include a discussion of simplifying the budget <br /> process . Tony stated that he felt there was a need to go <br /> over- every department budget line item by line item and have <br /> definite explanations for all cuts made . Deirdre also <br /> stressed the need for Finance Committee members to have a <br /> clear picture of where every department was fiscally prior to <br /> the budget review process. <br /> The meeting adjourned at 8 p. m. The next scheduled meeting <br /> of the Finance Committee is August 13 , at 7 p.m. at Town <br /> Hall. <br /> Gail McNabb <br /> Board Secretary <br />