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HomeMy WebLinkAboutFCMeetingMinutes_10.30.03 FINANCE COMMITTEE MEETING OCTOBER 30,2003 ATTENDANCE: Jack Watkins,Chairman,Keith Mitchell,Vice Chairman,Paula Porten, Bernice Fink,Paul Stewart, Melinda Coppa, Steve Dawe,Mike Batsirnm,Mark Nichols and Joyce Hanlon. CALL TO ORDER: Jack called the meeting at 6:33pm. NEW BUSINESS: Joyce provided and the group discussed the Budget Status Report for FY04. The group also discussed and compared the FY04 budget and the FY05 budget. Joyce stated that insurance for FY05 would be increasing by 15-20% and that there was an anticipation of less school aide for FY05. OLD BUSINESS: The group continued to discuss Free Cash and Mark Rees'recommendations. The group also discussed a Mission Statement and agreed to vote on one at the next meeting. Paul will be writing up a draft of the statement. Paul then discussed#5-8 of the Fincom Member Responsibilities. Paul handed out a draft of a letter to Mark Rees suggesting a change in the way the budget process works. The group agreed to review the letter and vote at next meeting. NEXT MEETING: -� November 6,2003 at 6:30pm at the temporary town hall. ADJOURNMENT: Mark MOVED to adjourn at 8:45pm.Mike seconded and the vote was unanimous.