HomeMy WebLinkAboutFCMeetingMinutes_02.19.04 FINANCE COMMITTEE MEETING
FEBRUARY 19, 2004
ATTENDANCE: The following members were present: Jack Watkins, Chairman,
Keith Mitchell,Vice Chairman, Bernice Fink, Melinda Coppa, Paul Stewart, Paula
Porten, Mark Nichols, Mike Batsimm and Steve Dawe. Also in attendance was Dr. Harry
Harutunian. There were also two audience members.
CALL TO ORDER: Jack called the meeting at 6:30pm.
APPROVAL OF MINUTES: Mike MOVED to approve the 2/12/04 minutes as
amended and Melinda seconded. The minutes were unanimously approved.
NEW BUSINESS:
FY05 SCHOOL BUDGET: Harry Harutunian presented and discussed the FY05
School budget. In summary, the school committee voted on and approved a$33,117,300
budget for FY05. However, the town manager has recommended $30,315,648 for the
schools and Harry presented the Fincom with a list of cuts, which will now go to the
school committee for review and voting.
Harry then answered Melinda's questions, discussing full time equivalents, SPED and a
new student costing $160,000,who recently moved from Beverly to North Andover. He
also discussed busing, the literacy program and revolving accounts. Harry further
discussed ways of generating revenue such as charging heat, lights, water and sewer
through the cafeteria revolving account.
PUBLIC HEARING:
Jack handed out the presentation and briefly discussed the public hearing.
FINCOM/DEPARTMENT LIAISONS:
The group discussed which members would be liaisons to which departments for
preparing the warrant. It would be finalized at the next meeting.
JOINT MEETING: It was agreed that the Fincom would have a separate meeting with
department heads instead of a joint meeting with the BOS. The Fincom meeting would
take place several weeks after the BOS meet, possibly on 3/18104.
REVENUEIEXPENSE SUBCOMMITTEE:
It was agreed that Mark, Paul and Melinda would be the subcommittee members.
NEXT MEETING: 2/26104 Public Meeting at the Middle School at 6:30pm
ADJOURNMENT: Keith MOVED to adjourn the meeting and Mark seconded. The
vote was unanimous.