HomeMy WebLinkAboutFCMeetingMinutes_02.03.11
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TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date:011
3 February 2
Meeting Location: Town Hall, First Floor Meeting called to order: 6:55 PM
Conference Room
Mark Rodgers-MR, Chairman Thom Dugan-TD
X
X
Ramsey Bahrawy -RB, Vice Robert Norbedo-RN
X X
Chairman
Ben Osgood-BO Matthew Remis-MRem
X X
Alan LeBovidge-AL Herb Cunha-HC, Minutes
X X
Peter Besen-PB Pat Sifferlen, PS, Admin
X X
Bonnie Wilkinson-BW
Non FinCom Members in Attendance
OTHERS: -Jim Mealey, JM-School Admin/Finance -Sandy Gleed, SG-VP NALWV
Note: All FINCOM votes are subject to change upon receipt of new information.
Note: Documents used in this meeting are listed in Document Table, herein.
II. Previous Minutes Approved
DATE:27 Jan 2011 Minutes approved
III. New Business
AGENDA ITEM: A. Snow and Ice Update (Lyne)
Discussion: -MR: We are 2 snow storms over budget, costs will be included in update.
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Warrant Article Deadline
AGENDA ITEM: B.
Discussion: -MR: The deadline to present articles to BOS for the warrant is 7 February. The
deadline for Citizen petitions is 25 February.
-PB: He referred to the draft Funding of Collective Bargaining
The Article previously submitted at last years Town Meeting showed all
municipal contracts, only need to address those that are under negotiation.
-MR: He suggested having FINCOM submit at Town Meeting, Transfer of Funds into
the Stabilization Fund for Town to vote on. He will discuss with Charlie Salisbury
about content and dollar value.
-PB: He will work on Article titl-
Mark Rees outlined. He believes that this item will be a change to the Charter.
-
whether it is a by-law or Charter item.
AGENDA ITEM: C. CIP Proposals, totals and next steps
Discussion: -MR: We have an additional $588k on School list for borrowing. 45.9% can be realized
reimbursement if a Green project is approved.
-Discussion took place about if we support School $588k borrowing it will wipe out
many other projects especially on the municipal side. Also this is a possible manner to
reach debt service of 5.0% maximum.
Action Item:
-MR: To input two scenarios to Mark Rees: First- 1. 5% into 2013, and Second-
Otherwise scenario in 3 years.
-esent impact.
AGENDA ITEM: D. New Business
Discussion: -MR: He requested comments about roofs, windows and IT computers/software and
phones. At next meeting provide questions and schedules.
IV. Next Meetings
st
10 Feb 2011 Town Hall, 1 Floor Conference Room
V. Adjournment-
Motion: RB Yes Unanimous
Seconded: MRem Time: 8:20 PM
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DOCUMENTS PROVIDED AT MEETING
TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 By-Law Draft Town Manager FINCOM Article BB Amend Town By-Law
Chapter 59Town Meeting and
Article CC Amend Town By-Law
Chapter 17 Finance
2 Report Town General Snow and Ice Budget comparison
Accountant Public Works vs Accounting as of
1/24/11
3 Article Draft P Besen FINCOM Article for Funding of Collective
Bargaining Agreements
4 Spreadsheet Supt School General Municipality Income data
ACTION ITEMS C=Complete
ITEM # ACTION ITEM INDIVID. COMPL. STATUS
DATE
1-28 Completed items are shown in FINCOM Mtg C
Minutes of 4 Mar 2010 thru 28 Oct 2010 and 27 Jan
2011 for review.
30 Obtain copy of Osgood Landing sewer Budget from MR 24 Sep
Lenny Degman, Asst to Mayor of Lawrence.
32 Provide CD for New FINCOM member handbook. MR 16 Nov
33 Put on the Agenda, Minority Report and the MR 16 Nov
formation of a FINCOM Article Sub-Committee.
34 Input to Mark Rees 2 scenarios, First- 5% in 2013 and MR 3 Feb
Second-Otherwise scenario in 3 years.