HomeMy WebLinkAbout2017-04-11 Finance Committee Minutes ti'oa
TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date April 11,2017
Meeting Location: School Administration Building, 566 Main Street
Bill Callahan, BC, Chairman X Sasha Weinreich, SW X
Jennifer Goldman,JG,Vice Chair X Divya Bhatnagar, DB X
Karin Blake, KB X Angela Ciofolo, AC X
Thomas Ringler, TR
Timothy Tschirhart,TT X
Liz Gerron, LG X
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.
Non Finance Committee Members in attendance
John Simons (Simons) Chair of the Community Preservation Committee
:. r..
Simons: Spoke of the list of projects from the Community Preservation Committee that got
approved. Also described the detailed long range spreadsheet(5 year projection),it is used for
two uses, showing an historical listing of all projects we ever funded also showing how much
money we took in. The other thing it is used for is that we do trends etc., and we like to project
out up 5 years to see how much money we will likely take in. We always take a conservative
posture.
List of projects;
I. Affordable Housing Trust
Simon: We are funded every year and we have the ability to go out and purchase property
for affordable housing purposes when the opportunity comes up and we don't have to
wait for Town Meeting.
2. Middle School Athletic Complex-Final Design.
3. Drummond Playground-Playground renovation Program (this is a continual-Lion of
what was put in place).
1 April 11,2017
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4. Ridgewood Cemetery Restoration. (Final stages started about 5 years ago).
5. Second Burying Ground.
Simon: Some trees and brush need to be taken,down and improvements of some of the
gravestones.
6. Stevens Estate Trails
Simon: spoke of the Volunteers who work on this project and put in a huge amount of
time and effort on this.
7. Family Housing(Francis and Baldwin Street) -Door Replacement and Exterior
Lighting. (Veteran's Housing project).
S. Restoration of Historical Fare Equipment
Simon: spoke of the restoration of some of this historic fire equipment that will be
displayed in the new fire station and the thinking is that it will be used in parades.
9. Stevens Memorial Library-Masonry Refurbishment
Simon: spoke the serious erosion(near front door at the library)on themasonry that
needs to be done
10. Administrative Expenses
Simon: we bumped up the amount this year.
Simon: spoke of the 3 areas where the CPA are allowed to spend money
1. Affordable Housing
2. Open Space/Recreation
3. Historical
Simon: Spoke of various projects that did not get funded and the reasons why
BC and Committee:thanked John Simons for coming.
"11- 4-91-1 M- M
' t a
TT: I motion to accept the 2018 Water Enterprise Fund Budget of$5,731,607.00 as listed
JG: I second it
All in favor
TT: I motion to accept the 2018 Sewer Enterprise Fund Budget of$4,660,231,00 as listed
JG: I second it
All in favor
i
TT: I motion to accept the 2018 Stevens Estate Enterprise Fund Budget of$521,761.00 as
listed
JG: I second it
All in favor
TT: I motion to accept the 2418 Community Preservation Committee's recommended Projects
of$1,914,460.00 as listed
JG: I second it
All in favor
2 April 11,2017
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Please Note that the corrected warrant was distributed to the Chair of the committee via email on April 3 and was not forwarded to
the committee.
See attached Warrant Articles and Vote
BC: Ori the schools we know the amounts, but we do not have the formal request yet(the final
piece) from the school. So we will wait to vote on Article#1 on Thursday.
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JG: Made a motion to approve both sets of Minutes as presented
SW: Second the motion
All in favor
-�., a a1•.�,�,`rE'� iJ"� � a ,y E>a^ ,uts
For the remainder of the meting the Finance Committee Members worked together to edit and
paodify the Finance Committee Report(Warrant Letter).
TT: made a motion to adjourn
LG: Second the motion
All in,favor to adjourn
*Capital Improvement Plan FY 2018-2022
*Town Manager's Recommended Budget Book Fiscal Year 2018.
** Finance Committee Meeting Minutes for the April 3 Public Bearing and April!.3ra
***Operating Budget Vote Chart for FY18 (Water, Sewer& Stevens)
**FYI 7 Budget Status Report as of March 16,2017
***Warrant Article Vote Chart
***2017 Annual Town Meeting Warrant and Finance Committee Report
*Community Preservation Committee Project Summary 2017 Town Meeting
Recommendations
* Community Preservation Committee Long Range Plan
* Bard.copy
** Bard Copy and on Google Drive
***Google Drive Only
3 April 11,2017
Vote Count
Warrant Article Title Sponsor Initials Favorable 2nd Y N A
Number Article Motion Action
Authorization of the Town Manager or Board of
3 Superintendent of Schools Regarding Contracts Selectmen TT Y JG 7 7
16 Set Salaries and Compensation of Elected Board of TT y JG 7 7
Officials Selectmen
Amend the General Bylaws regarding Revolving Board of .r Y JG 7 7
17 Funds Selectmen
Establish Limitations on Expenditures for Board of TT Y JG 7 7
18 Revolving Funds Selectmen
19 Approve Payment of Prior Years unpaid Bills Board of TT Y JG 7 1 7
Selectmen
Appropriation-General Fund for Fiscal Year Board of TT y JG 7 1 7
20 2018 Selectmen
Appropriation-Water Enterprise Fund for Fiscal Board of
21 Tr Y JG 7 7
Year 2018 Selectmen f
22 Appropriation-Sewer Enterprise Fund for Fiscal Board of TT Y JG 7 7
year 2018 Selectmen
Appropriation-Stevens Estate Enterprise Fund Board of TT Y JG 7 7
23 for Fiscal Year 2018 Selectmen
24 Appropriation-Ca ital Improvement Plan for Town Manager TT Y JG 71 17
25 Transfer to Stabilization Town Manager TT Y JG 71 171
26 Transfer to Capital Stabilization Town Manager TT Y JG 7 171
Transfer of Funds from Free Cash to OPER
27 Liability Trust Fund Town Manager TT Y JG 7 7
Transfer of Funds from OPER Stabilizations
28 Fund to OPEB Liability Trust Fund Town Manager TT Y JG 7 7
Report of the Community Preservation Community
29 Committee-Appropriation from the Community Preservation TT Y JG 7 7
Preservation Fund Committee
,