HomeMy WebLinkAboutFCMeetingMinutes_10.16.03 FINANCE COMMITTEE MINUTES
OCTOBER 16, 2003
ATTENDANCE:
The following members were present: Jack Watkins, Chairman, Keith Mitchell, Vice
Chairman, Bernice Fink, Paula Porten,Paul Stewart, Melinda Coppa, Steve Dawe, and
Mark Nichols.
CALL TO ORDER:
Jack called the meeting to order at 6:35pm
NEW BUSINESS:
Jack handed out and the group discussed a FinCom Mission Statement. The group
discussed objectives to achieve the mission as well as defining strategies v. mission. The
group agreed to accept Joyce Hanlon's offer of her expertise to assist in the process of
crafting the mission statement and supporting it with appropriate objectives and
strategies. Joyce's effort will be in the area of guidance and not in determining
objectives, etc.
OLD BUSINESS
The Association of Town Finance Committees Annual Meeting is scheduled for
November 1, 2003 and Mark Nichols plans on attending.
The group then reviewed the FinCom Policies and Rules Procedures Membership
handout and"B"MOVED that the FinCom make a minor change in B(1)(b), removing
"expire when the" and replacing with"continue until" . Mark seconded and the motion
passed unanimously. Paula then MOVED that the FinCorn accept the Membership
handout as changed and adopt it into the FinCom Policies and Rules Procedures.
Melinda seconded and the motion passed unanimously.
The group then discussed Free Cash and some recommended allocations. Jack handed out
a list of those employees, which would receive a 4% increase under Mark Rees'
recommendations. The group agreed that it would entertain a motion at next meeting
regarding the use of the Free Cash.
FUTURE MEETINGS:
The next meeting is scheduled for October 23, 2003 at 6:30 at the Temporary Town Hall.
ADJOURNMENT:
Keith MOVED to adjourn the meeting at 7:55pm . Melinda seconded and the vote passed
unanimously.