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Home My WebLink About2017-04-03 Finance Committee Minutes TOWN OF NORTH ANDOVER FINANCE COMMITTEE Meeting Minutes Meeting Date April 3rd, 2017 Meeting Location: School Administration Building, 566 Main Street Bill Callahan, BC, Chairman X Sasha Weinreich, SW X Jennifer Goldman, JG, Vice Chair X Divya Bhatnagar, DB X Karin Blake, KB X Angela Ciofolo, AC X Thomas Ringler, TR X Timothy Tschirhart, TT X Liz Gerron, LG X Note: All FINCOM votes are subject to change upon receipt of new information. Note: Documents used in this meeting are listed in Document Table,herein. Non Finance Committee Members in attendance Andrew Maylor(Maylor), Town Manager Lyne Savage (Savage), Town Accountant Call to order 6:58 Vote: on the Budget Discussion starts on or about 6:59pm/014:00 on video time TT: I motion to approve the General Government Budget of$2,454,094.46 as documented JG: I second it All in favor TT: I motion to approve the Public Safety Budget of$10,909,569.54 as documented JG: I second it All in favor TT: I motion to approve the Education Budget of$47,035,186.90, as documented JG: I second it All in favor TT: I motion to approve the Public Works Budget of$4,703,411.43 as documented JG: I second it 1 April 3,2017 All in favor TT: I motion to approve the Health and Human Services Budget of$1,251,874.61 as documented JG: I second it All in favor TT: I motion to approve the Cultural and Recreation Budget of$1,042,157.00 as documented JG: I second it All in favor TT: I motion to approve the Support Services Budget of$1,713,638.14 as documented JG: I second it All in favor TT: I motion to approve the Debt Service Budget of$6,512,882.04 as documented JG: I second it All in favor TT: I motion to approve the Employee Benefits Budget of$17,424,506.58 as documented JG: I second it All in favor TT: I motion to approve the Liability Insurance Budget of$420,000.00 as documented JG: I second it All in favor TT: I motion to approve the Capital and Reserves Budget of$1,259,831.00 as documented JG: I second it All in favor TT: I motion to vote to approve the Regional Schools Budget($447,858.60) also including the Essex County Agricultural Assessment Budget ($223,392.00) and the School Building Committee (0.00) for a total of$671,250.60 as documented JG: I second it All in favor TT: I make a motion to agree with the State Assessments Budget that includes, Spec Ed Budget, Mosquito Control, Retired Teachers Health Insurance, Air Pollution Districts, Regional Transit, RMV Non renewal, School Choice, Charter School Assessment, and Essex County Agricultural Assessment Budget for a total of$477,667.00 as documented JG: I second it All in favor TT: I motion to approve the entire General Fund Budget comprised of all the elements we just voted on of$95,876,069.80 as documented JG: I second it 2 April 3,2017 All in favor BC: Stated that we will vote on the Water Enterprise Fund Budget, the Sewer Enterprise Fund Budget and the Stevens Estate Enterprise Budget at the next meeting. Moving on to FYI 8 Reserve Transfers TT: I motion to approve the transfer of reserves from Special Education Stabilization Fund to the School Budget of$200,000.00. JG: I second it. All in favor. TT: I motion to approve the transfer to OPEB from the OPEB Stabilization Fund for a sum of $500,000.00. JG: I second it. All in favor. Discussions and Questions from the Finance Committee to Andrew Maylor Discussion starts on or about 7:15pm/030:00 on video time Maylor Commented that Warrant Item# 13 will possibly be changed (Revolving Fund). Maylor spoke of the reasons for this. Maylor: Also stating that they are working with the Department of Revenue to figure out the best way to present that under the current statute. This may force us to add an additional warrant. Approval of Minutes Discussion starts on or about 7:35pm/050:00 on video time March 7, 2017 LG: Made a motion to approve Minutes as presented JG: Second the motion All in favor March 21, 2017 SW: Made a motion to approve Minutes as written JG: Second the motion All in favor Warrant Letter Discussion starts on or about 7:41pm/055:15on video time For the remainder of the meeting the Finance Committee Members continued to discuss the various portions and sections of the Finance Committee Report (Warrant Letter). 3 April 3,2017 Adjournment 8:44 PM TT: made a motion to adjourn JG: Second the motion All in favor to adjourn Document Table *Capital Improvement Plan FY 2018-2022 *Town Manager's Recommended Budget Book Fiscal Year 2018. ** Finance Committee Meeting Minutes for the March 7th and March 211t ***Operating Budget Vote Chart for FY18 ***Reserve Transfers for FY18 Vote Chart ***Munis General Fund ***Finance Article Voting ***General Fund Budget Worksheet ***2017 Annual Town Meeting Warrant and Finance Committee Report --------------------------------------------------------------- * Hard copy ** Hard Copy and on Google Drive ***Google Drive Only 4 April 3,2017