HomeMy WebLinkAboutFCMeetingMinutes_04.01.15_PublicHearing
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TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date April 1, 2015
nd
Meeting Location: 2 Floor meeting room
Public Hearing
CTO6:45PM
Bill Callahan, BC Chairman Susan Almono SA
X X
Marta Solof MS Timothy Tschirhart TT
X X
Karin Blake KB Liz Gerron LG
X
Thomas Ringler TR
X
Chris Nobile CN
X
Donald Elliot DE Vice Chair
Non FinCom Members in Attendance
OTHERS: Lyne Savage, Stan Limpert, Ray Santilli
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
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Agenda A Public Discussion
BC Public comes to express concerns on upcoming budget. Would like to thank department
Heads that are here to answer public questions.
Is there anyone here with questions?
Would like to thank Lyne for a very smooth and transparent process. Received very polish
and well edited and well-presented budget package.
TT. W
SL Talk about impacts with changes in the state budget, dealing with snow and ice issues and
there may be impacts with the FY16 budget.
What discussions have you had about how will we respond to these impacts in the budget?
BC we always use conservative estimates with the nature of funds we will receive from state.
The only thing we see that might fall away is the $35K grant for kindergarten aid. Have
assurance that he will not trim local aid. Our assessments could change. Free cash a
Balance from last year were favorable we are building healthy reserves. We could weather a
Reasonable size cut from the state.
TT I agree with what Bill says. We start out with RFCC we know numbers are conservative
based on local history. Town manager active in building reserves and wanting reserves. We
are not setting ourselves up with a foundation of operating costs. That if something drastic
SL Town manager reminds us, if you are trying to have s sustainable
Big growth areas that could be subject to down turns in economy and revenues.
RFCC process he is very fair. Gives us a good solid number upfront that we can work with.
KB: as a member of RFCC I have poured over every line. And with every question I had
about basis of number answer was always this is a very conservative number based on past
experiences. They whole thing was very conservatively put together.
Next Meeting
April 1, 2015
Adjournment
nd
TT motion to adjourn 2 by KB 7:00pm
.
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TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 Budge book Town Manager
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4
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