HomeMy WebLinkAboutFCMeetingMinutes_03.27.12
1
TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date March 27, 2012
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
Ben Osgood-BO Matthew Remis-MRem
X X
Alan LeBovidge-AL Chairman Donald Elliott
x x
Peter Besen-PB Pat Sifferlen, PS, Admin
X X
Dan Leary
X
Non FinCom Members in Attendance
OTHERS: -Sandy Gleed (SG)Lyne Savage (LS), Andrew Maylor (AM), Ray Santilli (RS)
Note: All FINCOM votes are subject to change upon receipt of new information.
II. Previous Minutes Approved
DATE:
2
AGENDA ITEM A: Budget Overview (Town Manager)
Discussion: AM gives summary of budget for FY13 which totals 91.2 million inclusive of debt
exclusions for various school and the Stevens Estate totaling 1.8 million. General
Government budget is 81.2 million Enterprise budget for FY10 is $10.0 million
Equity between school and municipal side with a 3.5% increase. Budget allocation for
FY13 is 68.7%School Department and 31.3% Municipal departments
ve
accounts (25K to fund Other Post Employment Benefits, 25K to establish a Capital
Improvement Stabil
100K increase in veterans benefits that the town is required to pay to residents under
certain requirements 75% reimbursement around 18 months after distribution.
Essex Regional Retirement System will increase 184K (7.5-8% over next decade)
Employee health insurance will increase by 700K or 7% in FY13
Workers Comp will increase by 53K (22K for prior year adjustments).
Insurance Co comes in and does safety seminar once a year.
Unemployment; 200K a year it is an estimate, pay as you go.
Police and Fire Accidental up 20%
Liability Insurance is up 12% in part due to vacant buildings cost more
State Assessments no control over state charges
Regional School Assessments up 2.7%
Auditin g: decreasing by 5% because of negotiations with them
Purchasing: ½ of Ray Santillis salary cost and specifics allocated just for purchasing.
Information Technology: Decrease of 5.63% (55K) part of salary moved to school
dept.
Facilities: Steve foster in process of doing property assessments for each building.
Also looking into putting money for ongoing facilities work to fix small projects.
Town Moderator: no change in budget
Town Manager Contractual salary increase.
Town Manager Revenue: RFP issued and Cell Tower revenues.
Assistant Town Manager
Finance Committee: No change
Town Accounting: No discussion
Assessors office: agreed to increase is p/t position to a .08 position makes them
eligible for benefits. Was asked to decrease line items to support salary cost.
Treasurer/Collector : No discussion
Town Clerk 16% increase because of upcoming elections.
Legal: down 7.5% trying to consolidate number of inquires to legal services. Also
looking to hire a p/t counsel to come in to help reduce fees.
3
AGENDA ITEM: B
Discussion: -
AGENDA ITEM: C New Business
Discussion: . No new business
IV. Next Meetings
April 3, 2012
DOCUMENTS PROVIDED AT MEETING
TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 FY2013 Budget Andrew fincom
book Maylor/Lyne
Savage
2
3
4
5
6
7
V. Adjournment-
Motion: MR Yes Unanimous
Seconded: DE Time: 8:35pm
ACTION ITEMS C=Complete
ITEM # ACTION ITEM INDIVID. COMPL. STATUS
DATE
4
5
Note: Documents used in this meeting are listed in Document Table, herein.
6