HomeMy WebLinkAboutFCMeetingMinutes_02.26.13
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TOWN OF NORTH ANDOVER
FINANCE COMMITTEE
Meeting Minutes
Meeting Date:
February 26, 2013
Meeting Location: Town Hall 1st FL Meeting Room Meeting called to order: 6:50
Alan LeBovidge AL, Chairman Michelle Nadeau- MN
X X
Tom Dugan TD, Vice Chairman Robert Norbedo-RN
X
Karin Blake KB Matthew Remis-MRem
X X
Dan Leary -DL
X
Bill Callahan BC Pat Sifferlen, PS, Admin
X X
Donald Elliot DE
X
Non FinCom Members in Attendance
OTHERS: Lyne Savage (LS) Andrew Maylor (AM)
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 January 29, 2013
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AGENDA ITEM A: Authorization to Make Payment to Snow and Ice Account
Discussion: AL: Lyne is looking for authorization to make payments on invoices pertaining to
snow and ice removal which will bring account to a deficit. Total amount is
$124,859.54 with 60K still outstanding. She is also looking to pay any future snow
and ice invoices between now and end of season. What would happen if we just
approve this amount?
LS I would have to come in weekly to have authorization for any future invoices.
MR: I would like to approve what is currently due since we do meet weekly.
BC I also agree with Matt.
RN I do not agree and I will sustain.
AL: Motion to Authorize payment on current snow and ice invoices totaling
$189,510.00 which will bring the account into a deficit.
YES 7
NO 1
Passed
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AGENDA ITEM B: Budget Discussion
Discussion: Budgets books distributed.
AM; Process for budget began back in September. FY14 General fund budget
$84,297,553.
2.3% higher than last year.
Nearly 1 million requested to Fund Reserve Accounts
625K to Stabilization Fund (from free cash)
213K to Capital Stabilization Fund (from free cash)
150K within school committee for special education.
Recommended school budget is $39,863,136 General Government fund $18,216,335
percentage between school and general government same 68% -32%
Aggregated Health Insurance Expenditures are $310K less than in FY 13.
Budget revenues consist of 73% taxes 11 % local receipts and 11% state aid.
Expenditures 48% on education 12% on public safety 5% on public works 19% on
employee benefits.
Health Insurance BOS in Jan of 2012 voted to look into health insurance reform act
or GIC Town has agreed and will migrate to GIC in 2014 Estimated town savings of
around 3 million. 25% of first year savings needs to go into a mitigation fund to
cover out of pocket expenses
Enterprise funds ( Water, Sewer and Stevens Estate) recommended budget is
$9,893,265
Not much change in Stevens Estate projected to continue profitability.
Also no increase charges in water and sewer if budget passes.
Goals of budget is to create sustainability , control cost of employee benefits build
revenues, increase pay as you go revenues, reduce energy costs and
Maintain level of services
State aid. Sound level of services if more state aid were to come up Therefore if we
every extra dollar. Would like to match if extra funds do come in the 150K the
School Department has put into a revolving fund for special Ed.
AM I will come back with a modified budget
MN of the 73% tax revenue what percentage is residential?
AM 85% -15 % residential to commercial
DL If ESCO projects go through what where would we see savings?
AM not this year but in FY 15 budget
DL in regards to the National Grid Street lights purchase, where is this?
AM contained within the operating budget (1389 @ 102K) (9 @42K) this is will
reduce our energy cost by 1/3 and has a 2 year payback includes maint.
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AGENDA ITEM C: CIP Vote
Discussion: AL: any discussion before we Vote on CIP projects?
RN Would not like to vote on School Administration building budget until we see
Please see voting sheet below:
Vote
Count
General Fund Proposed Action Y N A Notes
amount
Replace 2008 Ambulance $ 260,000
Favorable action 8 0 *
1
Roadway Improvements $1,115,500
Favorable action 8 0 *
2
Sidewalk Reconstruction $ 75,000
Favorable action 8 0 *
3
Building Maintenance $ 150,000
Favorable action 8 0 *
4
Equipment Front End Loader $ 230,000
Favorable action 8 0 *
5
Dale Street Athletic Fields $ 300,000
Favorable action 8 0 *
6
District wide Paving Issues $ 100,000
Favorable action 8 0 *
7
Facilities Master Plan Implementation $3,895,500
See Below ** 8 0
**8
IT Room Air Conditioning $ 76,839
Favorable Action 8 0 *
9
Municipal IT/GIS $ 50,000
Favorable Action 8 0 *
10
Equipment Tractor & Brush Cutter $ 125,000
Favorable Action 8 0 *
11
School IT $ 127,131
Favorable Action 8 0 *
12
Water & High Street light ,intersection, Road, $ 110,000
Streetscape improvement
Favorable Action 8 0 *
13
School St and Bunkerhill St Sewer Replacement $300,000
Favorable action 8 0 *
14
Improvements to various Sewer Pump
Stations "$2,312,381
Favorable action 8 0 *
15
Replacement of Carbon Filter $ 220,000
Favorable action 8 0 *
16 Actuators
emergency Power Upgrade WTP $ 220,000
Favorable action 8 0 *
17
**contingent upon Final #'s of former
police station building design prior to
Town Meeting
* Recommend Favorable Action
# Recommend Unfavorable Action
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III. New Business
th
Revised schedule calendar no meeting on March 26
IV. Next Meetings
March 5, 2013
V. Adjournment-
Motion: DL Unanimous
Seconded: MR Time: 8:20
TYPE FROM TO SUBJECT COMMENTS
ITEM #
1 Budget Book Andrew Maylor Fincom
2
3
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