HomeMy WebLinkAboutFinCom Article Submission Form Town of North Andover
Request to Include Article for May 10, 2004 Annual Town Meeting
(Town Agency/Board/Commission)
Submitted by: Finance Committee
(Name of Agency/Board/Commission)
Jack Watkins, Keith Mitchell, Mark Nichols, Mike Batsimm, Paula Porten,
Paul Stewart, Bernice Fink, Melinda Coppa, Stephen Dawe
(Name of a majority of the members of the Agency/Board/Comm.)
Date of Meeting where vote took place: February 12, 2004
Submitted Article:
Establish Committee to Develop Revenue and Fixed Expense Projections for
the Town of North Andover's Annual Operating Budget. To see if the Town will
vote to establish an ad hoc committee comprised of the Town Manager, the Town
Finance Director, the Superintendent of Schools and two Finance Committee
members in order to develop revenue projections for annual operating budget. The
committee members shall meet no later than December 1 of each year in order to
draft initial estimates of revenue projections and fixed expense estimates for the
following fiscal year's annual operating budget. Within 45 days thereafter, the
committee will meet again to update the estimates, and shall forward the final
estimates to the Finance Committee forthwith.
Draft Motion:
Move to accept the Article as written in the Warrant.
Reason(s) for Article:
• Provide more timely estimate of key budget components
• Provide input from larger number of Town officials
• Provide Town officials and department managers with earlier and clearer
understanding of overall budget on an earlier time schedule.
Attachments:
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Reviewed by Town Manager: Date:
Approved by Town Counsel: Date:
(as to form)
Approved by Bond Counsel: Date:
(for borrowing articles).
Approved by Board of Selectmen: Date:
For inclusion in the warrant (majority vote required):