HomeMy WebLinkAboutFCMeetingMinutes_03.10.11
TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date March 10,2011
Meeting Location: Town Hall, First Floor Meeting called to order: 6:45 PM
Conference Room
Mark Rodgers-MR, Chairman Thom Dugan-TD
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Ramsey Bahrawy -RB, Vice Robert Norbedo-RN
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Chairman
Ben Osgood-BO Matthew Remis-MRem
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Alan LeBovidge-AL Herb Cunha-HC, Minutes
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Peter Besen-PB Pat Sifferlen, PS, Admin
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Bonnie Wilkinson-BW
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Non FinCom Members in Attendance
OTHERS: - Karin Rhoton SC
Sandy Greed SG-VP LWV
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: March 1,2011 Minutes approved
March 3, 2011 Minutes approved
III. New Business
AGENDA ITEM: A. CIP REVIEW AND VOTES
Discussion: -MR : Recapped the CIP discussion made at the March 3,2011 meeting explaining the
considerations made and informal priority.
Discussed School projects and should they pass they must go by the Stretch Code
(environmental green code) in order to get grant money. Asked to not vote on these
yet until further information is available
See attached document with favorable and unfavorable voting on CIP requests.
AGENDA ITEM: Review of GLSD Budget
Discussion: MR: Would like to know why %of contribution going down by 1.15% for
Lawrence ($65,000) and surrounding towns going up North Andover by4%,
Methuen 3.9%, Andover 7% Salem NH 6.6%for FY10-Fy11
TD. No narrative as to why these changes.
BO: Would like to know who analyzes this budget and who oversees our
representative
RB The town manager is appointing authority and oversees our representative
MR: We need to see a new FY12 Budget.
TD Would like to get representative to come in.
returned the cities and towns or reduce our assessment.
AL would like Mark Rees to come in and explain why Lawrence going down and to
explain the 4 million dollar carry over balance.
BO: would like Mark Rees to bring in a draft of the FY12
AGENDA ITEM C: Clarifying the Town Charter for Fin Com Authority
th
MR: Postponed to the March 15 meeting.
AGENDA ITEM: D
Discussion: -
AGENDA ITEM: E..
Discussion:
AGENDA ITEM: F.NEW BUSINESS
Discussion: -MR: Attended BCG Meeting Mark Rees reviewed Budget. And also the retired
teachers assessment is going down by $132K
Also stated the House Ways and Means said not to expect what the Governor said
would be the cut in state Aid (7%) expect it to be higher we thought a 10% even if we
cut it in half at 8.5 that would be a $350k hit.
Mark Rees informed him that 50 new members have enrolled in the town health plan
possible reasons private sector getting too costly and increase in the age qualifications
that dependents can be covered up until age 26
Would like Mark Rees to get a profile of the new additions to the health care plan.
MR Also talked to Mark and Selectman about the acquisition of River Bank and to
RB you get more coverage with state chartered banks and covered by DIF
MR : stated these need to be addressed with the auditing committee
MR There was a long discussion on Health Care more pressure to talk about the GIC
Plan. May not get leadership behind them. More out of pocket expenses.
AGENDA ITEM: G.
Discussion: -
IV. Next Meetings
MARCH 15, 2011
V. Adjournment-
Motion: AL Yes Unanimous
Seconded: RB Time: 9:05 PM
Action Items
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 GLSD sewer Budget from Lenny RB 17 Mar c
Degnan 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 MR/PB 3 Feb c
and Second-Otherwise scenario in 3 years.
35 Schedule GLSD discussion for 10-March MR c
meeting
36 MR c
Alert town dept heads that they
should come prepared to discuss
special revenue funds. Purpose of
fund, accountability, monitoring.
37 Verify and explain the 17.6% increase in the LS Inprogress
outside auditor expense for FY12
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Documents Provided at Meeting
TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 Memorandum Matt Killen General Telephone System Project
2 Table Mark Rodgers Fincom CIP Listing for review and vote
3 Interest Income Lyne Savage general Interest income
Statement
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