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HomeMy WebLinkAboutFCMeetingMinutes_04.05.03 APPROVED FINANCECOMMITTEE MINUTES April 5,2003 ATTENDANCE: The following members were present: Jack Watkins, Chairman, Bernice Fink, Vice Chairman, Paul Stewart, Keith Mitchell, Mark Nichols (departed at 10:15), Melinda Coppa, Paula Porten (arrived at 8:15, departed at 11:15), Steve Dawe and Mike Batsimm(departed at 11:25). CALL TO ORDER: Jack Watkins,Chairman,called the meeting to order at 8:10 am. REVIEW AND VOTE—WARRANT ARTICLES: Article E:Keith MOVED and Melinda seconded favorable action on Article E. The vote was unanimous. Article F:The Committee agreed to offer NO COMMENT on Article F. Article G: Keith MOVED and Melinda seconded to make a recommendation at Town Meeting. The vote was unanimous. The following questions and concerns were noted: • What is the plan for expenditures? • What is the method for charging the account with the costs associated with the monitoring process? • Are there expenses coming from the General Fund that should come from this fund? • Can some of the money in the fund be expended in FY03? • Is the Police Department receiving unanticipated revenue from this fund? Article H: Paul MOVED and Keith seconded to make a recommendation at Town Meeting. The vote was unanimous. The following questions and concerns were noted: • What is the current process? • Why is a change being made at this time? • What do our auditors say about the current method? About the change? • How much money is being"passed through"now? • How are moneys being reported in the financial system now? Article I: Paul MOVED and Keith seconded to make a recommendation at Town Meeting. The vote was unanimous. The following questions and concerns were noted(same as Article H): • What is the current process? • Why is a change being made at this time? • What do our auditors say about the current method? About the change? • How much money is being"passed through"now? • How are moneys being reported in the financial system now? Article J:Paul MOVED and Keith seconded to make a recommendation at Town Meeting. The vote was unanimous. Article K:Article E:Paul MOVED and Mark seconded favorable action. The vote was unanimous. Article L:Keith MOVED and Mike seconded to make a recommendation at Town Meeting. The vote was unanimous. Article R: Article J: Steve MOVED and Mike seconded to make a recommendation at Town Meeting. The vote was unanimous. The Committee approved the Article in principle and would consider favorable action if a $10,000 fiscal year dollar limit was included in the final Town Meeting motion. Article S:Article E:Keith MOVED and Paula seconded favorable action. The vote was 8 in favor with one abstention(B) Article T:The Committee agreed to offer NO COMMENT on Article T. Article U:B MOVED and Paul seconded to make a recommendation at Town Meeting. The vote was unanimous. Article V:No financial impact. No vote required. Article W:The Committee agreed to offer NO COMMENT at this time. Article X:The Committee agreed to offer NO COMMENT at this time. Article Y:Keith MOVED and Mark seconded favorable action. The vote was unanimous. Article Z.Paul MOVED and Keith seconded to make a recommendation at Town Meeting. The vote was unanimous. Article AA: Paul MOVED and Keith seconded favorable action. The vote was unanimous. The Committee suggested that the amount be included in the DPW budget in future years until the time when it is no longer required. Article BB: Paul MOVED and Mark seconded to make a recommendation at Town Meeting. The vote was 8 in favor and 1 opposed(Keith). Articles CC through JJ were considered and no recommendations or explanations were brought forward. WORK SESSION The Finance Committee commenced working on the Warrant booklet at 10:20 am. FUTURE MEETINGS The next Finance Committee Meeting is Thursday,April 10 at 7:00 pm at the Senior Center. ADJOURNMENT At 12:00 pm,Melinda MOVED and Keith seconded to adjourn the meeting. The vote was unanimous(6-0).