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HomeMy WebLinkAbout2004 ATM-ARTICLE 25- AMEND GENERAL BYLAWS-NEW SECTION 17-REVENUE PROJECTIONS-CERTIFIED VOTE NORTH Q�ttlEO '6 p9�rO 0 A �q p�RAiED I,PPS,�S SSACHU5E TOWN OF NORTH ANDOVER OFFICE OF THE TOWN CLERK 120 MAIN STREET NORTH ANDOVER,MASSACHUSETTS 01845 Joyce A.Bradshaw,CMMC Telephone(978)688-9501 Town Clerk Fax (978)688-9556 E-mail iradshaw(dtownofnorthandover.com This is to certify that the following vote on Article 25 was taken at the Dissolved Annual Town Meeting for the Town of North Andover held May 10, 11 and 17, 2004: Article 25. Amend Town By-laws Chapter 17- Finance - Add New Section to Establish Committee to Develop Revenue and Fixed Expense Proiections for the Town's Annual Operating Budget. UNANIMOUSLY VOTED to amend the general bylaws (Code of the Town of North Andover), Chapter 17, Finance, by adding the following new section: CHAPTER 17 - FINANCE SECTION 9 REVENUE/FIXED COSTS REVIEW COMMITTEE There is hereby created a committee to advise the Town Manager on revenue, other financial sources and fixed costs projections for town operating budgets. The Committee shall consist of two finance committee members, the School Superintendent, the Director of Finance and Administration, and the Town Accountant. The Town Manager shall serve as an ex-officio member of the committee. The Committee shall meet within thirty days but no later than December 1st of the issuance of the Board of Selectmen budget policy statement provided for in Chapter 9, Section 2-3 of the Town Charter and shall report to the Town Manager and the Finance Committee their initial estimates for revenues and other financial sources projections and fixed expense estimates for the following fiscal year's annual operating budget within 45 days of the Committee's first meeting. The Committee's report shall identify and describe all revenue and financing sources and anticipated fixed costs and shall provide a written rationale supporting estimates contained therein. All reports and relevant supporting computer work files issued by this committee shall be made available through the Town of North Andover Web Site in a timely manner that does not interfere with the work of the committee. (Amended by Robert Ercolini—VOTE - YES 98—NO— 84 on Amendment) The committee may continue to meet after the issuance of the Town Manager's Recommended Budget for the purpose of providing continued advice to the Town Manager, the Board of Selectmen and the Finance Committee regarding revenue and fixed costs projections. VOTED MAY 11, 2004 FINAL CHAPTER 17—FINANCE SECTION 9 REVENUE/FIXED COSTS REVIEW COMMITTEE READS AS FOLLOWS: CHAPTER 17 - FINANCE SECTION 9 REVENUE/FIXED COSTS REVIEW COMMITTEE There is hereby created a committee to advise the Town Manager on revenue, other financial sources and fixed costs projections for town operating budgets. The Committee shall consist of two finance committee members, the School Superintendent, the Director of Finance and Administration, and the Town Accountant. The Town Manager shall serve as an ex-officio member of the committee. The Committee shall meet within thirty days but no later than December 1st of the issuance of the Board of Selectmen budget policy statement provided for in Chapter 9, Section 2-3 of the Town Charter and shall report to the Town Manager and the Finance Committee their initial estimates for revenues and other financial sources projections and fixed expense estimates for the following fiscal year's annual operating budget within 45 days of the Committee's first meeting. The Committee's report shall identify and describe all revenue and financing sources and anticipated fixed costs and shall provide a written rationale supporting estimates contained therein. All reports and relevant supporting computer work files issued by this committee shall be made available through the Town of North Andover Web Site in a timely manner that does not interfere with the work of the committee. The committee may continue to meet after the issuance of the Town Manager's Recommended Budget for the purpose of providing continued advice to the Town Manager, the Board of Selectmen and the Finance Committee regarding revenue and fixed costs projections.