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HomeMy WebLinkAboutFCMeetingMinutes_04.01.04 FINANCE COMMITTEE MINUTES April 1,2004 ATTENDANCE: The following members were present:Jack Watkins,Chairman,Keith Mitchell,Vice Chairman,Bernice Fink,Paula Porten,Paul Stewart,Mark Nichols, Steve Dawe and Mike Batsimm. Mark Rees also attended. CALL TO ORDER: Jack tailed the meeting at 6:30pm APPROVAL OF MINUTES: Keith MOVED to approve the minutes of 3/25/04.Paul seconded and the minutes were approved 7-0-1,with Mike abstaining. OLD BUSINESS: TBE BUDGET: Mark Rees discussed with the group the transfer warrant article and the handout,which provided preliminary numbers. The group also discussed combining personnel and expense lines in the future,so Mark does not need a town meeting vote to transfer those line items. Mark answered Paul's questions re:the Financial Management System in the CIP budget and why some utilities get paid from DPW,while other payments come from specific departments.Mark recommends utilities be building specific. The group also discussed Jack's handout of his`05 recommended budget adjustments. Steve MOVED to suspend the rules to vote on information received that night,and Keith seconded. The vote was unanimous. Mdse then MOVED to recommend favorable action on Jack's amended budget with Keith seconding. Steve them MOVED to amend the budget and add $9,000 for fireworks. There was no second. The group then voted on the Mike's original motion to accept Jack's recommended budget adjustment_The vote was unanimous. Paul then provided a handout on the CIP budget with a column for the Manager's recommendations and Paul's thoughts. The group agreed to vote on the CIP budget at the next meeting. Enterprise Funds:The group will also vote on these funds at the next meeting. WARRANT BOOK: Paul provided an update on the warrant book and the write-ups.The deadline for draft write-ups is 415/04. Article 9: The group discussed article 9,Compensation for Elected Officials.Keith then MOVED to recommend favorable action but that the warrant book should include language,which specifically address the costs associated with the compensation. Steve seconded and the vote was unanimous. NEXT MEETING: The next meeting is scheduled for April 7,2004 at 6:30pm at the temporary town hall. ADJOURNMENT: Keith MOVED to adjourn the meeting and Mark seconded.The vote was unanimous.