HomeMy WebLinkAboutFCMeetingMinutes_04.02.02 FINANCE COMMITTEE MINUTES
April 2,2002
ATTENDANCE: Members present: Michael Garron,Chairman;Bernice Fink,Vice Chairman; Stephen Dawe;
Keith Mitchell;Paula Porten;Paul Stewart;Jack Watkins;Mark Weber;
Also present: Finance Director Chuck Benevento;Selectmen Rosemary Smedile and Wendy Wakeman;No.Andover Citizen
reporter;numerous residents including past School Committee member Diane Huster
CALL TO ORDER: Michael Garron called the meeting to order at 7:14 p.m.
APPROVAL OF MINUTES: -No Minutes were approved.
MicHael Garron opened the meeting by letting the audience know that he would allow questions to be asked and that he would
get answers to them by Thursday night,at the Public Hearing The committee then allowed a period of time and accepted
varying questions and concerns from the residents.
BUDGET DISCUSSION
• Paul Stewart handed out a spreadsheet of the Finance Committee's FY03 Draft Budget Recommendation showing a$4.2M
override.
• Steve Dawe requested that the Finance Committee use the spreadsheet as a basis for discussion.
• Chuck Benevento handed out a Net School Spending Direct and Indirect Costs Report for FY03. The report showed
estimated required net school spending at$29,497,811.
- • Steve Dawe handed out a modified School Budget Assumption and recommended a school budget of$28,591,167 based
on a decrease in elementary enrollment.
• Paul Stewart and Jack Watkins recommended a$4.2M override
• Bernice Fink recommended a$1.1M override
Paul Stewart made a MOTION,seconded by Jack Watkins to recommend that the Finance Committee Draft Budget
Recommendation memo dated April 3,2002,and detailed explanation and spreadsheet,entitled Finance Committee
Reconunendation,dated April 2,2002,be passed immediately to the Selectmen and School Committee as a"Finance
Committee Draft Budget Recommendation"for their discussion,consideration,and feedback. Simultaneously,the Finance
Committee must work out the details of the financing of the various Capital projects and Articles,insert any resulting changes
into the budget,and hold a public hearing before making and voting on its final recommendations and finalizing its budget
recommendation.
Bernice Fink made a MOTION,seconded by Stephen Dawe,to amend the Education Budget to the figure ander the$3.2
Million Budget from$31,241,818 to$30,408,690.
Motion withdrawn by Bernice Fink.
Paula Porten made a MOTION,seconded by Bernice Fink,to amend the Education Budget to the figure under the$3.2Million
Budget from$31,241,818 to$29,507,435.
Vote not approved 0—7— 1 (Stephen Dawe abstained)
Bernice Fink made a MOTION to amend the Education Budget to the figure under the$3.2 Million Budget from$31,241,818
to$30,408,690. No Second.
Vote approved on original motion 5—3—0(Bernice Fink,Stephen Dawe,and Paula Porten voted against)
�. REVIEW of WARRANT ARTICLES DRAFTS AND WRITINGS
• Keith Mitchell reviewed the list of articles with the committee noting the appropriate changes
+ Stephen Dawe said that the high school demolition article is going to be pulled.
• Paul Stewart volunteered to consolidate all write-ups and send them out by email.
IF Y03 C.I.P.
The Finance Director reviewed the following CIP budget for FY03 and said that Bond Counsel will write all bonding articles:
$11,760,237-General Fund Building
-Town Manager has a problem with increasing the$204,654 for a Feasibility Study for the new
elementary school to$2.2M;the additional$2M would be to include the Architectural Study in FY03
rather than the following year.
- Keith Mitchell said that the$7,330,583 for the construction of a new police station should be subject to
an override.
973,786-Equipment(non-Rolling)
415,200-Equipment(Rolling)
-Bernice Fink would like to include projects under$IM in the override
280.296-Infrastructure
$15,319,166-Total General Fund
$ 1,088,000—Total Sewer Fund
$ 1,726,000 -Total Water Fund
$ 262,598 -Total Stevens Estate Fund
ADJOURNMENT
There being no further business,Keith Mitchell made a MOTION,seconded by Paula Porten,to adjourn the meeting
at 10:20 p.m. Vote approved 8—0.
Submitted by: Carol A.Ritchie, Sr. Confidential Clerk