HomeMy WebLinkAbout2022-01-25 Finance Committee Minutes
Finance Committee
Minutes of January 25, 2022
Present:
Chairperson , Regina Kean, Christine Allen, Dustin Silk, Brianna Stetson, Ed MacMillan, Nancy Sarro, Finance
Director Lyne Savage
Absent:
Eva Pastor, Jennifer Luz
M called the meeting to order at 7:05PM. The open session meeting was recorded in person in the Select Board Room at
North Andover Town Hall 120 Main Street North Andover.
PUBLIC COMMENT
None
APPROVAL OF MINUTES FROM OCTOBER 19, 2021 and DECEMBER 13, 2021
MOTION: Ms. Sarro made a MOTION, seconded by Ms. Allen to approve the minutes of October 19, 2021 and December 13, 2021 as presented.
Motion approved 7-0.
DISCUSSION WITH FINANCE DIRECTOR LYNE SAVAGE
discussed and went over the letter sent by Town Manger Melissa Rodrigues explaining the Facilities Master Plan II
debt exclusion.
unsuccessful in securing Massachusetts School Building Commission funding assistance and if the Town does receive the assistance,
the debt e
from the one presented at the Tri-Board meeting in December. Ms. Savage was not sure if there were any major changes it is more of
a clarification. Ms. Allen stated her concern with some of the terms being confusing. Ms. Savage stated the letter that Ms. Rodrigues
wrote explains it making it easier to understand. Ms. Savage spoke about the budget
determined through remote meetings held with the Town Manager and head of departments to determine the needs for each
department. Ms. Savage spoke about the increase in new growth in the Town and how the $6 million received had to be properly put
in to balance the budget. Mr. MacMillan asked Ms. Savage what the expectation of any state aid will be. Ms. Savage stated there
or April.
DISCUSSION ON RULES & PROCUDURES
asked Ms. Allen if all revisions and corrections have been completed on the Finance Committee Rules and Procedures
document.
minority report and put this agenda item on the next agenda to be approved. Ms. Sarro asked about the new members documents. Mr.
ADJOURNMENT
MOTION: Ms. Kean made a MOTION, seconded by Mr. MacMillan to adjourn the Finance Committee meeting at 7:28 PM. Motion
approved 7-0.
Respectfully submitted,
Jillian A. Brothers
Executive Assistant