HomeMy WebLinkAboutFCMeetingMinutes_05.19.15
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TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date May 19, 2015
Meeting Location: NAHS Room 1121
Bill Callahan, BC Chairman X Susan Almono SA X
Donald Elliot DE Vice Chair X Timothy Tschirhart TT X
Karin Blake KB X Liz Gerron LG X
Thomas Ringler TR Marta Solof MS X
Chris Nobile CN X
Non FinCom Members in Attendance
OTHERS:
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.
Minutes Approval
May 6, 2015
Agenda A Signing of Year End Budget Reallocation
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LS every year under MGL c44 s33B allowed moving 3% of each individual function budget and
reallocating to cover deficit. Snow and ice over 1 million, school deficit is 391K from special ed.
That is a 25% increase. Average increase since 2008 is 10%.
Police department giving back over $283K, health insurance turn back,
TT with previous meetings school department could have given us a heads up about the $391K
deficit.
LG would this be something that will fall under the Special Education Stabilization fund?
LS It will next year. They would have to come to you and BOS.
DE Motion to approve transfer of budget reallocation
Seconded by CN
Yes 8
NO 0
IV. Next Meetings
TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 Budget Lyne Savage Fincom
Reallocation
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V. Adjournment-
Motion: TT Unanimous
Seconded: LG Time: