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HomeMy WebLinkAboutFCMeetingMinutes_04.12.11 1 TOWN OF NORTH ANDOVER FINANCE COMMITTEE Meeting Minutes Meeting Date: April 12 , 2011 Meeting Location: Town Hall, 1st Floor Meeting called to order: 6:50 PM Conference Room Mark Rodgers-MR, Chairman Thom Dugan-TD X X Ramsey Bahrawy -RB, Vice Robert Norbedo-RN Chairman Ben Osgood-BO Matthew Remis-MRem X X Alan LeBovidge-AL Herb Cunha-HC, Minutes X Peter Besen-PB Pat Sifferlen, PS, Admin X Bonnie Wilkinson-BW X Non FinCom Members in Attendance OTHERS: -Sandy Gleed, SG-VP LWV M. Rees Town Manager R.Santilli Asst Town Manager 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: No Minutes to Approve III. New Business AGENDA ITEM: A. Stevens Estate Budget Discussion: -MRees gave members an overview of how town acquired Stevens Estate. The Stevens Estate runs by enterprise fund self supporting revenue pays expenses. Handed out Town Managers recommendations for Stevens Estate Fund. New director bringing in new business. FY11 projections revenue of 223K expenses of 280K using retained earnings to balance budget. Town controls expenses based on revenues. Discussion was made on maintaining property. Preservation funds were used. 2 AGENDA ITEM: B Warrant Article Review and votes Discussion: - MR Article 19 we take action to open account but not fund accounts. Vote Taken: Motion by BW to have FINCOM Vote favorable action for Warrant Article 19, Seconded by TD. Vote: Y, unanimous, passed. Article 20 take action to open accounts but not fund accounts. Vote Taken: Motion by BW to have FINCOM Vote favorable action for Warrant Article 20, Seconded by MRem. Vote: Y, unanimous, passed. Article 21 Transfer funds into Stabilization Fund. Vote Taken: Motion by BW to have FINCOM Vote no action for Warrant Article 21, Seconded by MRem. Vote: Y, unanimous, passed. Article 22 Appropriate funds to Elder services Department to Fund Personnel. MR discussed not to approve this article not on merit but on the principle of article making general fund allocations outside of warrant article. Vote Taken: Motion by BO to have FINCOM Vote unfavorable action for Warrant Article 22 Seconded by BW. Vote: Y, unanimous, passed. Article 31 Petition the General Court, Municipal group Insurance committee Legislation. Discussion was made to reword article. Paragraph one replace any city or town with Town of North Andover. And four persons who are not eligible for town benefits now or in the future. Also delete the entire last paragraph. Vote Taken: Motion by BW to have FINCOM Vote favorable action as amended Warrant Article 31, Seconded by AL. Vote: Y, unanimous, passed. Article 33 Petition the General Court Collective Bargaining Agreement. Vote Taken: Motion by BW to have FINCOM Vote favorable action Article 33 Seconded by AL. Vote: Y, unanimous, passed. 3 AGENDA ITEM: C. Budget Discussion Discussion: No discussion made AGENDA ITEM: D CIP Discussion and votes Discussion: No discussion on the Agenda AGENDA ITEM: D Warrant write-up discussion Discussion: No Discussion on this agenda V. Adjournment- Motion: AL Yes Unanimous Seconded: BO Time: 7:50PM 4 IV. Next Meetings ND April 14 2011 Town Hall, 2 Floor Conference Room DOCUMENTS PROVIDED AT MEETING TYPE FROM TO SUBJECT COMMENTS ITEM # 1Town managers Mark Rees Fincom Recommendation of Stevens Estate 2 3 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 RB 17 Mar c 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/PB 3 Feb c Second-Otherwise scenario in 3 years.