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HomeMy WebLinkAbout2019-04-03 Finance Committee Minutes Public Hearing (/1 I / IVI� ✓%1f a Ik' I t Vffi TOWN OF NORTH ANDOVER FINANCE COMMITTEE Public Hearing Meeting Minutes Meeting Date April 3, 2019 Meeting Location: School Administration Building Timothy Tschirhart, TT, Chairman X Ed MacMillian EM Sasha Weinreich, SW, Vice Chair X Divya Bhatnagar, DB X Christine Allen CA X Charles Trafton CT Thomas Ringler, TR X Angela Ciofolo, AC X Liz Gerron, LG X PUBLIC HEARING Note: All FINCOM votes are subject to a re-vote upon receipt of new information. Note: Documents used in this meeting are listed in Document Table, herein. Pledte of Allegiance 7:02 Call to order and opening comments—Tim Discussion starts on or about 7:03 pm/01:00 on video time TT: Thank you,Department Heads for all coming tonight to the Public Hearing. If anyone has any comments or questions we are here to listen (addressing this to all of the Department Heads and Public). TT: My overall observation is that we have a good Budget for the year and good team work. This year more than anything else, you all came together, and everyone did what they had to do. I am very pleased with this current year's Budget. TT: Went on to say that his concerns are not with this year's Budget, but for the outline years, and I think we all agree that the schools, OPEB, pensions and retirements, all of these things are costs to the Town(costs that are coming in). April 3, 2019 Public Hearing Page 1 Public comments) Discussion starts on or about 7:05 pm/01:50 on video time Stan Limpert from 43 Stonecleave Road walked up to the microphone stating that he has more questions than statements on this Budget. Stan Limpert went on to say, that like TT everything on the Budget looks good to me. The thing that seemed odd to me was at this point of the Budget process having a Public Hearing now, when the Budget is already cast in stone. This Public Hearing should come before we get to this point. The Finance Committee discussed the date of the Public Hearing with Stan Limpert and also mentioned that the Finance Committee gives an opportunity for anyone to give a Public Comment (during all our regular meetings) Public Comments are on all the Finance Committee agendas. Stan Limpert Commented that he is more interested in the process, regarding the Budget, and hopes that we use this same process in the future, since it works so well. It is an orderly Budget process. Hope we are able to institute this same budget process in the future. It is a rational and orderly process. I hope we don't lose this budget process (going forward), it works. Stan Limpert, spoke of the AAA Bond Rating that the Town has and what it took for us to get to that point and that we want to remain at that rating and not go backwards. Stan Limpert Thanked the Committee for all the good work that they are doing. Adjournment 7:16 LG: Made a motion to adjourn the meeting S W: Second the motion All were in favor to adjourn Immediately following this Public Hearing we moved to the Regular Finance Committee Meeting April 3, 2019 Public Hearing Page 2