HomeMy WebLinkAboutFCMeetingMinutes_05.22.12
1
TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date:
May 22,2012
Meeting Location: Town Hall, First Floor Meeting called to order: 6:50
Conference Room
Alan LeBovidge AL, Chairman Ramsey Bahrawy- RB
X
Tom Dugan TD, Vice Chairman Robert Norbedo-RN
x X
Ben Osgood-BO Matthew Remis-MRem
X X
Dan Leary -DL
X
Peter Besen-PB Pat Sifferlen, PS, Admin
X X
Donald Elliot DE
X
Non FinCom Members in Attendance
OTHERS: - Mark Rogers (MR), Rosemary Smedile (RS)
-
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
III. New Business
AGENDA ITEM: A. Warrant Discussion
2
Discussion: -AL Would like everyone to know that he was asked to have breakfast with a
representative from Ameresco and if anyone else on committee would be interested in
attending.
We will go through warrant book and make any adjustments necessary. Need to check
with Joyce revised Finance Committee Report not updated.
Article 3
Discussion we should not vote favorable action or amend article to include ESCO
Contracts.
Motion made by PB to change previous approval from favorable to, to be made
at Town Meeting Seconded by BO
Vote Taken Y 6 N 1 A 1
Article 9 looks good
Article 10 looks good
Article 12, 16 17 18 and 19 all look good.
Article 20 Discussion
AL we received email from Town Manager stating that the BOS voted to amend the
$81,333,350 increase of (113,458) Line item increases would be School Dept increase
of $77,945 and Public Safety Salary Reserve increase of $35,513. He is also looking at
us to change our recommendations about funding the Finance Committee Reserve. I
thought we were helping him by putting into Fincom Reserve and not requiring a
special town meeting to get money. and also saving the town money roughly $13K to
have a special town meeting.
Please remind Joyce we need an additional column for our budget numbers.
Motion was made by TD to amend the BOS and Town Managers
recommended budget by increasing the School Dept Budget by $77,945 and the
public Safety Salary Reserve by $35513 further transferring $25K from the
Capital Stabilization reserve and 25K from the OPEB to fund the Finance
Committee Reserve and to further increase State Aid by like amount.
Seconded by BO
Discussion:
MR: fund accounts yet we
are approving money to go into one.
BO Why public safety reserve? We never talked to any depts. How do we know they
TD we could use this as onetime revenue and buy the Fire chief vehicle with it. Or
take the 113K and make a onetime payment on debt.
BO I think the whole money should go to the Stabilization (regular)
Vote Taken Y 7 N 1 (MR)
Articles 21, 22, 23 and 24 all look good.
Article 25 CIP
Need to change figures in warrant book Fincom needs to have their own column with
their numbers line item 8 should read only 90K for Kittridge school Gym for a
General Fund Total of $996,056. Line item 15 Osgood St Sewer Preliminary Design
(Water Enterprise Fund) should read 0 (zero) for a sewer Enterprise Fund total of
$350,000
3
AGENDA ITEM:
Discussion: Article 29 recommendation will be made at Town Meeting.
AGENDA ITEM: D. New Business
Discussion: No new items.
IV. Next Meetings
May 29, 2012
V. Adjournment-
Motion: BO Unanimous
Seconded: DE Time: 9:00
DOCUMENTS PROVIDED AT MEETING
TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 Letter Andrew Maylor Fincom Amended budget
2 Draft warrant Joyce Bradshaw Fincom
3
4
ACTION ITEMS C=Complete
ITEM # ACTION ITEM INDIVID. COMPL. STATUS
DATE
1Check with Joyce about Final Draft Pat