HomeMy WebLinkAboutFCMeetingMinutes_12.20.11
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TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date 20 December 2011
Minutes Prepared by Patti Sifferlen
st
Meeting Location: Town Hall 1 fl conf room Meeting called to order: 6:45 PM
Thom Dugan-TD
Vice Chairman
Ramsey Bahrawy -RB, Robert Norbedo-RN
X x
Ben Osgood-BO Matthew Remis-MRem
X
Alan LeBovidge-AL Chairman Donald Elliott
x x
Peter Besen-PB Pat Sifferlen, PS, Admin
X
Dan Leary
Non FinCom Members in Attendance
OTHERS: -Sandy Gleed (SG)
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:
AGENDA ITEM A: Discussion on Budget Calendar
Discussion: AL Need to find out when department heads submit their preliminary budgets.
RB last year we had everyone come in maybe we could do one meeting so the
departments only have to present once.
AL Do we get more information out of them doing it separately.
BO I think we should meet without the selectman.
We need to get this done first. We should also consider as a board the 25K limit on
Capital projects. I think that number is too low, under 25K needs to go into the
budget. I think it should be 50K
RB If that was the case we would not be able to object to new cars that were
purchased. If it was in their budget we would not know about the purchase.
AL I would rather know about these purchases.
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AGENDA ITEM: B New Business
Revenue and fixed Cost Report
Discussion: -Lyne Savage will be coming in on January 3 rd to give full report.
RN discussed the Revenue and fixed Cost report from Lyne Savage. We do not have
the cost report yet it is not finalized.
The levy is going up 2 million reason going up is because of the new growth up by
237K for 2012 That is the reason for tax increases.
Debt exclusion is going down from 3 million to 1.8 million.
Tax collection should be 61,425.653.
All other numbers are based on what we have done before with exception to meals tax
revenue
AL: Need Lyne to come in and discuss this. We need the expense side.
Discussion:
AGENDA ITEM: D
Discussion: .
IV. Next Meetings
January 3, 2012
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DOCUMENTS PROVIDED AT MEETING
TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 Revenue and Lyne Savage Fincom
Fixed Cost
Report
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3
4
5
6
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ACTION ITEMS C=Complete
ITEM # ACTION ITEM INDIVID. COMPL. STATUS
DATE
V. Adjournment-
Motion: BO Yes Unanimous
Seconded: DE Time: 8:35pm
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