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HomeMy WebLinkAbout2021-12-13 Finance Committee Minutes yr Finance Committee Minutes of December 13, 2021 Present: Finance Committee Members: Chairperson Denevan O'Connell, Regina Kean, Christine Allen, Dustin Silk(remote), Jennifer Luz(remote),Nancy Sarro, Eva Pastor. Finance Director Lyne Savage, Town Manager Melissa Murphy- Rodrigues Absent: Edward MacMillan, Brianna Stetson Mr. O'Connell called the meeting to order at 7:07PM. The open session meeting was recorded in person in the Select Board Room at North Andover Senior Center 120R Main St in North Andover. JOINT MEETING WITH SELECT BOARD,SCHOOL COMMITTEE AND FINANCE COMMITTEE Select Board MOTION.Ms.Phillips motioned to move out of recess at 7:OOPM. Ms. Smedile seconded. Motion approved 5-0. School Committee MOTION:Ms.Mabley motioned to open the meeting of the School Committee at 7:06PM. Ms. Lynch seconded. Roll call for School Committee attendance: Lynch-yes;McDevitt-yes;Mabley-yes;Pietrowski-yes;Pickard-yes(remote).Motion approved 5-0 Finance Committee MOTION:Ms.Allen motioned to open the meeting of the Finance Committee at 7:07PM. Ms. Kean seconded. Roll call for Finance Committee attendance: Allen-yes; Silk-yes(remote);O'Connell-yes;Luz-yes(remote);Kean-yes;Pastor-yes; Sarro-yes. Mr. MacMillan and Ms. Stetson were not present.Motion approved 7-0 Town Manager Presentation of Five Year Financial Forecast Ms.Rodrigues gave the presentation of the Five Year Financial Forecast. Ms. Rodrigues gave a presentation of the recommended Capital Improvement Plan FY23-27. Mr.Nobile asked what has been the average increase in residential taxes for the last 5 years. Ms. Rodrigues stated she would look into it. Ms.Pickard asked if an operational override will not be needed for Kittridge. Ms.Rodrigues stated that is correct an operational override will not be needed for Kittridge. Ms. Smedile asked if extremely low rates are being used as the rate seems pretty low. Ms.Rodrigues stated 3%is the rate being used with an average of 25 years. Ms. Phillips asked if North Andover would continue to apply for MSBA for all projects,now and going forward. Ms. Rodrigues and Dr. Gilligan both stated yes. Mr.McDevitt mentioned the concern of how long some of the projects will take to complete. Ms.Rodrigues stated the reasons to 1) get the work done,2)maintain fiscal responsibility and 3)making it realistic and possible to pass at Town Meeting. Mr. McDevitt stated that slide 13 had Franklin auditorium written when it should have stated Franklin gymnasium. Ms.Rodrigues agreed and noted the change. Ms.Kean asked about slide 13 if the order of the projects were done based on need and financials or financials and size. Ms.Rodrigues stated all of the above. Ms.Rodrigues stated the Middle School is number one priority,Kittridge is the most expensive project and ABECC was last since it is the newest building. Ms.Kean asked if the Town said no to a project would the order change. Ms.Rodrigues stated the plan would be revisited. Dr. Gilligan stated MSBA has 58 applicants and Kittridge has made it to the top 20 so far and will find out in March. Mr.Nobile mentioned accelerating the time to get the school projects completed due to the need of repairs and compliance. Ms. Pickard asked if the multi year budget that the school administration presented was put into the financial forecast. Ms.Rodrigues stated the following,the FY23 and FY24,the 2 years not tied to building needs,are implemented in the plan and the rest of the 5 year plan takes into account all of the school's requests in their 5 year plan. Mr.Nobile and Ms.Allen mentioned to get the parents of the school aged children to go to Town Meeting. Ms.Rodrigues stated Laurie Burzlaff is the lead on the Town side for the Facilities Master Plan II and she will be working with the contractor to finalize the program. Ms.Rodrigues stated the final plan will be presented to the public and a Q&A session will be scheduled. ADJOURNMENT-SCHOOL COMMITTEE MOTION:Ms.Pickard made a MOTION, seconded by Ms. Mabley to adjourn the School Committee meeting at 8:30 PM. Roll call vote:Pietrowski yes,Lynch-yes'.McDevitt yes;Mabley yes;Pickard yes. Motion approved 5-0. ADJOURNMENT-FINANCE COMMITTEE MOTION:Ms.Allen made a MOTION, seconded by Ms.Pastor to adjourn the Finance Committee meeting at 8:31 PM. Roll call vote:Allen yes, Silk-yes'.Pastor yes; O'Connoll yes;Luz yes;Foley yes;Kean yes; Weinreich yes. Motion approved 7-0. ADJOURNMENT-SELECT BOARD MOTION:Ms.Phillips made a MOTION, seconded by Ms. Smedile to adjourn the Select Board meeting at 8:32 PM. Motion approved 5-0. Respectfully submitted, Jillian A. Brothers Executive Assistant