04/20/1994 FINANCE COMMITTEE Minutes

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Page 3 agreed to pay this from Free Cash with a possibility of using a sum of money from the Reserve Fund should Free Cash be depleted. It was the feeling of the Committee that this was the only Article which could be paid for out of the Reserve Fund. Article 5, Town Planner $7,500. This is a transfer from within the Planning Department. Article 6, Medicare $6,000. This is a transfer from the Unemployment Account. Article 7, County Retirement $3 ,000 and Temporary Interest Inside 2 1/2 $310,716 are also transfers. Article 9, Betterment Reserve, $120 ,000 to be paid from Stabilization. Article 11, Patrolmen Contract $26, 257 (base, no overtime) to be paid from Free Cash. Article 12, Sergeants Contract $8,743 (base, no overtime) to be paid from Free Cash. Article 16, Interest on Refunds, $8,500 to be paid from Free Cash. Lastly, Article 18 Town Clerk Salary $1,400 to be transferred from the Board of Health Trash Account. The Finance Committee recommended disapproving the following Articles. Article 4, School Budget $200,000. Ms. Greelish felt that if there was going to be an argument about $200,000 then it should be argued in FY95 not FY94. Article 8, Teachers Contract, $71,000. It was the feeling of the Committee that Dr. DeMoura would need to explain the request for $101,000 in last year's budget request. Article 10, Police Overtime $5,000. It was the feeling of the Committee that this amount had been given previously in a transfer from the Reserve Fund. Article 13 , Town Hall Expense $15,000. Lastly, Article 19, Town Hall Feasibility Study $15,000. Denise Sullivan MOTIONED to disapprove Article 19. Marcia King seconded the Motion and members voted 3-2. Mr. Ferriday and Ms. Greelish voted in favor of the study being done. -It was the feeling of Mr. Goggin that the timing of this request was improper. He agreed that it should be done, but that it could wait a year, due to funding not being available. The Committee unanimously agreed to publish this list with their recommendations. Ms. Greelish also felt it was important to let all Department Heads know that the Town will probably run short with Free Cash, so any surplus at all would be helpful. Mr. Goggin mentioned that most of the Departments did live within their budgets and did a very good job of budgeting for FY94. There were only a few Departments that spent more than budgeted. The Finance Committee directed the Chairman to prepare the Finance Committee's explanations for the Articles in the Warrants. Ms. Greelish also mentioned that a Town Report was needed to distribute at Town Meeting. Ms. King, Ms. Sullivan and Mr. Goggin agreed to get together over the weekend to prepare these documents. The meeting adjourned at 9:40PM. The next meeting will be held on Thursday, April 28, 1994 at 7:OOPM. Minutes submitted by jean M. Mooney, Recording Secretary.