HomeMy WebLinkAbout2025-07-14 Finance Committee Minutes di
Finance Committee
Meeting Minutes of July 14, 2025
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Pursuant to Section 20 of Chapter 20 of the Acts of 2021, this meeting of the North Andover Finance
Committee will be conducted via remote participation. For this meeting, members of the
public who wish to watch the meeting may do so via Google Meet link:
Every effort will be made to ensure that the public can adequately
access the proceedings in real time, via technological means. In the event that we are unable to do so,
despite best efforts, we will post on the Town of North Andover website an audio or video recording,
transcript, or other comprehensive record of proceedings as soon as possible after the meeting.
Call To Order: Chair Denevan O'Connell called the remote meeting to order at 5:OOPM.
Present: Chair Denevan O'Connell, Vice Chair Christine Allen, Regina Kean, Brianna Stetson, Jeanne
Irwin, Nancy Sarro, Eva Pastor, and Keith Chaney.
Not Present: Dustin Silk.
Non-Board Members in Attendance: Finance Director Dennis Keohane was present.
PUBLIC COMMENT
None.
VOTE TO APPROVE END OF THE YEAR BUDGET REALLOCATIONS
Dennis Keohane was present. Mr. Keohane discussed the memo with the summary financial position and
the details of the activity year to date. Mr. Keohane stated they vote the budget annually on a functional
basis. Mr. Keohane discussed the financial position where the Town stands right now. Mr. Keohane stated
it includes actual expenditures and what they have encumbered. Mr. Keohane stated things that they
anticipate will happen on the last day of the warrant or things they are legally obligated for but have not
yet received the invoice. Mr. Keohane stated this is where they have derived the projected deficits. Mr.
Keohane discussed the details of all the expenses for every individual line item. Mr. Keohane stated the
vote would be on the functional level. Mr. O'Connell asked if they were decreasing the public works
budget and increasing the snow and ice by the same amount. Mr. Keohane stated yes. Ms. Irwin asked if
there were any contracts that have not been settled yet. Mr. Keohane stated no, they settled the last one
after year end and established a reserve for FY26. Ms. Kean asked if that was an adequate amount. Mr.
Keohane stated yes. Ms. Kean asked how they had$750,000 in surplus in public works. Mr. Keohane
stated there were a number of unfilled positions during the year, which was a big part of it. Mr. Keohane
stated in the streets and roads, they had about$240,000 of unfilled positions. Mr. Keohane stated there
was some surplus in the trash and recycling costs. Mr. Keohane stated there are also other
miscellaneous areas. Mr. Keohane stated it was primarily due to certain projects that did not get
completed and staffing levels that were intended to be filled but were not filled. Mr. Keohane stated with
snow and ice, they are legally allowed to spend in a deficit. Mr. Keohane stated historically, they have
budgeted that conservatively. Ms. Kean asked about the employee benefits, and if that was due to
unfunded positions. Mr. Keohane stated it was a combination. Mr. Keohane stated it is a relatively small
surplus given the size of that budget.
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Finance Committee
Meeting Minutes of July 14, 2025
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MOTION:Ms. Allen motioned to approve the end of the year budget reallocations as presented. Ms. Kean
seconded. Motion approved by roll call vote;Allen-yes, Kean-yes, Sarro-yes, Chaney-yes,
Stetson-yes, Irwin-yes, O'Connell-yes, Pastor-yes.
APPROVAL OF MINUTES FROM MAY 13, 2025
MOTION:Ms. Allen motioned to approve the Open Session minutes of May 13, 2025 as presented. Ms.
Stetson seconded. Motion approved by roll call vote;Allen-yes, Kean-yes, Sarro-yes, Chaney-yes,
Stetson-yes, Irwin-yes, O'Connell-yes, Pastor-yes.
ADJOURNMENT
MOTION: Ms. Allen made a MOTION, seconded by Ms. Pastor to adjourn the Finance Committee
meeting at 5:13PM. Motion approved by roll call vote;Allen-yes, Kean-yes, Sarro-yes, Chaney-yes,
Stetson-yes, Irwin-yes, O'Connell-yes, Pastor-yes.
Respectfully submitted.
Nicole Civitarese
Executive Assistant
Documents used at meeting
Memorandum
Minutes from 5/13/25