HomeMy WebLinkAboutFCMeetingMinutes_04.08.10
TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date:2010
8 April
Meeting Location: Meeting Called to order:
Town Hall, First Floor6:37 PM
Conference Room
I. FinCom Members in Attendance
Mark Rodgers-MR, Chairman Ramsey Bahrawy -RB
X
Peter Besen-PB, Vice Chairman Bonnie Wilkinson-BW
X
Ben Osgood-BO
X
Jean Sullivan-JS Thom Dugan-TD
X X
Alan LeBovidge-AL Herb Cunha-HC, Minutes
X X
Non FinCom Members in Attendance
OTHERS: -Stan Limpert, SL-Vice Chair-Schl Com -Lyne Savage, LS-Town Account
-Christine Allen, CA-VC Schl Com.
Note: All FINCOM votes are subject to change upon receipt of new information.
I. Previous Minutes Approved
DATE: 8 Apr 2010 Approved, unanimous
III. New Business
A. CIP Facilities Master Plan
AGENDA ITEM:
Discussion MR: FINCOM will vote on this item at Town Meeting. This topic will be
-
discussed with Mark Rees at the next FINCOM meeting.
B. Update on Article MM Drive through restaurant
AGENDA ITEM:
Discussion: -MR: He learned from Charlie that Article is sufficiently different and can be discussed
at Town Meeting. Mark will invite author of Article to next FINCOM meeting to
discuss costs and benefits.
C. Lack of a Warrant article to transfer funds to stabilization
AGENDA ITEM:
Discussion: -MR: He learned from Charlie that Article is not in Warrant, since it is closed and that
funds will not go to Stabilization Fund unless BOS decides to do so, in light of their
Policy Statement.
D. Finance Committee Presentation
AGENDA ITEM:
Discussion: This presentation was discussed. MR asked for four suggestions from FINCOM
members that he should address.
E. Discussion on additional Fin Com clerical assistance
AGENDA ITEM:
Discussion: -MR: He will email Mark Rees regarding full time or split time for clerical and
administrative support.
F. New Business-Overlay
AGENDA ITEM:
Overlay
Discussion: -LS: She discussed the which includes abatement, tax appeals, etc. If all
appeals were won, deficit would be $2.263M. The State is considering consolidating
abatement for all years.
III. Old Business/Non-Agenda Items
NON-AGENDA ITEM:
Discussion:
IV. Next Meetings
Thursday, 13 Apr 2010 Town Hall, 6:30 PM
V. Adjournment
Motion: AL Yes Unanimous
Seconded: BO Time: 8:08 PM
C=Complete
ACTION ITEMS
ITEM # ACTION ITEM INDIVID. COMPL. STATUS
DATE
1-8 Completed items are shown in FINCOM Mtg Minutes C
of 4 Mar 2010 for review.
9,11-Completed items are shown in FINCOM Mtg Minutes C
14,16 of 11 Mar 2010 for review.
10,12.13 Completed items are shown in FINCOM Mtg Minutes C
of 23 Mar 2010 for review.
15,18,19, Completed items are shown in FINCOM Mtg Minutes MR 16 Mar C
20 of 6 Apr 2010 for review.
17 Correct current formula issues with the forecaster. MR/TD 11 Mar