HomeMy WebLinkAboutFCMeetingMinutes_05.17.11
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TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date:011
17 May 2
Minutes Prepared by Patti Sifferlen
Meeting Location: Town Hall, 2nd Floor Meeting called to order: 6:46 PM
Conference Room
Mark Rodgers-MR, Chairman Thom Dugan-TD X
X
Ramsey Bahrawy -RB, Vice Robert Norbedo-RN
X X
Chairman
Ben Osgood-BO Matthew Remis-MRem
X X
Alan LeBovidge-AL Herb Cunha-HC, Minutes
X
Peter Besen-PB Pat Sifferlen, PS, Admin
X X
Bonnie Wilkinson-BW
Non FinCom Members in Attendance
OTHERS: -Mark Rees, MRees-Town Manager Chris Hottell CH
-Sandy Gleed, SG-VP LWV Lyne Savage LS
Note: All FINCOM votes are subject to change upon receipt of new information.
Note: Documents used in this meeting are listed in Document Table, herein.
II. Previous Minutes Approved
th
DATE: April 28 minutes approved
rd
May 3 minutes approved
th
May 10 minutes approved
III. New Business
AGENDA ITEM: A Revenue and Fixed Costs Update
Discussion: -LS presented an updated from the Revenue and fixed cost committee.
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AGENDA ITEM: A Budget Discussion
Discussion: -Discussion was made on the impact of the new date of the Town Meeting and how it
will affect the Meals tax Revenue should it pass. BOS meeting stated that with the
new date the town will lose 100K in revenue.
TD will take a look into what the deadline is for filing meal tax.
MRees presented a local options meal tax time table because the town meeting is
delayed and we did not meet the May31st deadline we will only collect 7 months worth
st
of revenue 1 year (241K) instead of 10 months worth (344K).
SL presented sheet with school prioritized reductions and restorations. line item 5.1
updated actual savings on copier contracts was 33k not 50k as originally stated change
of 17k.
Line item 5.2 Circuit Breaker adding an additional 2% to reimbursement estimates.
Original estimate was 53% came in at 55% so an additional 25K...
These line items along with consensus budget and consensus budget with meal tax
would bring them out of level 4 reductions.
C. Town meeting Presentation Review
AGENDA ITEM:
Discussion: -Mr presented Fincom with a Draft if his presentation to the Town Meeting for review
by members. Pages still need to be updated.
TD requested a change on pg 11 to better categorize the slide to show labor/salary
benefits, snow and ice.
AGENDA ITEM: F. New Business-No new items
Discussion:
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IV. Next Meetings
26,May 2011 Town Hall, 2nd Floor Conference Room
V. Adjournment-
Motion: AL Yes Unanimous
Seconded: MREM Time: 9:00PM
DOCUMENTS PROVIDED AT MEETING
TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 Report L Savage FIINCOM Revenue and fixed cost
2 M. Rees Fincom TIF explanation
3 Peter Besen Proposed 5 year forecast
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5
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ACTION ITEMSC=Complete
ITEM # ACTION ITEM INDIVID. COMPL. STATUS
DATE
1-28 Completed items are shown in FINCOM Mtg C
Minutes of 4 Mar 2010 thru 28 Oct 2010 and 27 Jan
2011 for review.
30 Obtain copy of Osgood Landing sewer Budget from RB 17 Mar
c
Lenny Degman, Asst to Mayor of Lawrence.
32 Provide CD for New FINCOM member handbook. MR 16 Nov
33 Put on the Agenda, Minority Report and the MR 16 Nov
formation of a FINCOM Article Sub-Committee.
34 Input to Mark Rees 2 scenarios, First- 5% in 2013 and MR/PB 3 Feb
c
Second-Otherwise scenario in 3 years.
35 Address pay cuts for BOS and Sch. Dept MR 14 Apr
36 Find out about deadlines on filing for meal tax TD
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