HomeMy WebLinkAbout2024-04-08 Finance Committee Minutes
Finance Committee
Meeting Minutes of April 8, 2024
Present:
Vice Chair Christine Allen, Brianna Stetson, Nancy Sarro, Keith Chaney, Dustin Silk,
Regina Kean and Ken Gray
Not Present: Eva Pastor
Present Non-Member:
Finance Director Lyne Savage
called the meeting to order at 7:00pm. The open session meeting took place at School Admin Room at
School Administration Building on 566 Main Street.
Public Comment
None.
Vote on Financial Warrant Articles
GENERAL ARTICLES
-Article 2 Authorization of the Town Manager or Superintendent of Schools
Regarding Contracts in Excess of Three Years
MOTION: Ms. Sarro made a MOTION, seconded by Ms. Allen for Favorable Action on Article 2 Authorization of the
Town Manager or Superintendent of Schools Regarding Contracts in Excess of Three Years. Motion approved 8-0.
-Article 7 Accept Massachusetts General Law Chapter 44 §54(b)- Investment of Trust
Funds
MOTION: Ms. Allen made a MOTION, seconded by Mr. Gray for Favorable Action on Article 7 Accept Massachusetts
General Law Chapter 44 §54(b)- Investment of Trust. Motion approved 8-0.
FINANCIAL ARTICLES
-Article 8 Approve Payment of Prior Years Unpaid Bills
MOTION: Ms. Kean made a MOTION, seconded by Mr. Silk for Favorable Action on Article 8 Approve Payment of
Prior Years Unpaid Bills. Motion approved 8-0.
-Article 9 Appropriation Capital Improvement Plan for Fiscal Year 2025
MOTION: Ms. Allen made a MOTION, seconded by Mr. Silk for Favorable Action on Article 9 Appropriation Capital
Improvement Plan for Fiscal Year 2025. Motion approved 8-0.
Ms. Sarro asked why there is no dollar amount in the amount to borrow line. Ms. Savage mentioned they are waiting for
the actual dollar amount to put in the article that will be printed with that amount. Ms. Savage mention the fire needs to be
ordered two years in advance, but does not think they will need to borrow money. Ms. Savage mentioned line one has
been pushed out to FY2027 and will be going away.
-Article 10 Report of the Community Preservation Committee-Appropriation from
Community Preservation Fund
MOTION: Ms. Kean made a MOTION, seconded by Ms. Allen for Favorable Action on Article 10 Report of the
Community Preservation Committee-Appropriation from Community Preservation Fund. Motion approved 8-0
-Article 11 Set Salaries and Compensation of Elected Officials
MOTION: Ms. Allen made a MOTION, seconded by Ms. Kean for Favorable Action Article 11 Set Salaries and
Compensation of Elected Officials. Motion approved 8-0
-Article 12 Revolving Fund Spending Limits
MOTION: Ms. Sarro made a MOTION, seconded by Ms. Stetson for Favorable Action on Article 12 Revolving Fund
Spending Limits. Motion approved 8-0
-Article 13 Appropriation- General Fund for Fiscal Year 2025
MOTION: Mr. Gray made a MOTION, seconded by Ms. Stetson for Favorable Action on Article 13 Appropriation-
General Fund for Fiscal Year 2025. Motion approved 8-0
-Article 14 Appropriation - Water Enterprise Fund for Fiscal Year 2025
MOTION: Ms. Kean made a MOTION, seconded by Mr. Silk for Favorable Action on Article 14 Appropriation - Water
Enterprise Fund for Fiscal Year 2025. Motion approved 8-0
-Article 15 Appropriation - Sewer Enterprise Fund for Fiscal Year 2025
MOTION: Mr. Chaney made a MOTION, seconded by Ms. Allen for Favorable Action on Article 15 Appropriation -
Sewer Enterprise Fund for Fiscal Year 2025. Motion approved 8-0
-Article 16 Transfer of $220,000 from Special Education Stabilization Fund to FY24
General Fund
MOTION: Ms. Sarro made a MOTION, seconded by Ms. Stetson for Favorable Action on Article 16 Transfer of $220,000
from Special Education Stabilization Fund to FY24 General Fund. Motion approved 8-0
-Article 17 Transfer of funds not to exceed $ from free cash to FY2024 General
Fund.
NO VOTE on Article 17
-Article 18 Transfer to Stabilization
MOTION: Mr. Silk made a MOTION, seconded by Ms. Allen for Favorable Action on Article 18 Transfer to Stabilization.
Motion approved 8-0
-Article 19 Transfer to Capital Stabilization
MOTION: Ms. Sarro made a MOTION, seconded by Mr. Gray for Favorable Action on Article 19 Transfer to Capital
Stabilization. Motion approved 8-0
-Article 20 Fund Recreation Complex
MOTION: Ms. Kean made a MOTION, seconded by Ms. Allen for Favorable Action on Article 20 Fund Recreation
Complex. Motion approved 8-0
Ms. Sarro asked why this article is separate from the Capital Project Plan. Ms. Savage mentioned it was determined after
the Capital Project Plan was put in place and voted.
-Article 21 Amend District Agreement with Greater Lawrence Regional Vocational Technical High School to Permit
Hangar Lease
MOTION: Ms. Allen made a MOTION, seconded by Ms. Stetson for Favorable Action on Article 21 Amend District
Agreement with Greater Lawrence Regional Vocational Technical High School to Permit Hangar Lease. Motion
approved 8-0
-Article 22 Approve Debt Authorization of Greater Lawrence Regional Vocational
Technical High School
MOTION: Ms. Sarro made a MOTION, seconded by Mr. Chaney for Favorable Action on Article 22 Approve Debt
Authorization of Greater Lawrence Regional Vocational Technical High School. Motion approved 8-0
Approval of Open Session Minutes from March 27, 2024
MOTION: Ms. Allen made a MOTION, seconded by Mr. Silk, approve the Open Session Minutes of March 27, 2024 as
written. Motion approved 8-0.
Discussion of the warrant letter
th
Ms. Allen reminded the draft is due April 10. Ms. Allen stated she has received four letters.
ADJOURNMENT
MOTION: Mr. Silk made a MOTION, seconded by Mr. Chaney, to adjourn the Finance Committee meeting at 7:31PM.
Motion approved 8-0.
Respectfully submitted,
Jillian A. Brothers
Executive Assistant
Documents used at meeting:
Financial Warrant Articles
Open Session Minutes