HomeMy WebLinkAbout2022-03-16 Finance Committee Minutes
Finance Committee
Minutes of March 16, 2022
Present:
Chairperson Denevan O’Connell, Regina Kean, Dustin Silk, Brianna Stetson, Eva Pastor, Nancy Sarro, Edward MacMillan, Christine
Allen and Jennifer Luz
Absent:
None
Mr. O’Connell called the meeting to order at 7:00PM. 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
DISCUSSION WITH ASSISTANT SUPERINTENDENT AND FINANCE DIRECTOR
Finance Director Lyne Savage and Assistant Superintendent Dr. James Mealey were present at the meeting. Ms. Luz asked Dr.
Mealey about the projected increase in the budget of about 6 to 7%; how was the number was determined. Ms. Luz asked Dr. Mealey
about the five-year plan that was discussed last year and is it still the expectation for what is being projected long term. Dr. Mealey
stated that the recovery service positions and the long-term plan positions about half would be budgeted through this budget increase.
Dr. Mealey stated 6.93 is the worst-case scenario and anticipates the number will be lower. Ms. Luz asked if all the recovery positions
end up continuing on will 6.93 be the number. Dr. Mealey stated the recovery positions will transfer into the long-term positions as the
recovery positions are phased out. Ms. Luz asked if there is a model of the long-term view of what the increases will be. Dr. Mealey
stated he will have a better idea if Kittredge and Middle School are passed at Town Meeting. Ms. Allen asked about the “all in” that
Town Manager Rodrigues referred to includes the personnel. Dr. Mealey stated yes. Ms. Sarro asked where the other funds of ESSR
go. Dr. Mealey stated materials, supplies and extra time come from ESSR funds. Mr. MacMillan asked about inflation and health
insurance. Dr. Mealey stated there are contracts that have been locked into but are coming up for renewal in the next few years.
DISCUSSION ON WARRANT LETTER DRAFT
Mr. O’Connell asked for volunteers for each section of the Warrant Letter:
-Denevan O’Connell: Executive Summary and Conclusion
-Christine Allen: Editor
-Jennifer Luz and Regina Kean: School Department Budget
-Ed MacMillan: Enterprise Fund
-Dustin Silk: Municipal and Shared Expense Budget
-Brianna Stetson: Retiree Health and Pension Costs
-Nancy Sarro: Reserves
-Eva Pastor: Capital Improvement Plan
st
Mr. O’Connell stated the draft is due by April 1.
APPROVAL OF MINUTES FROM MARCH 2, 2022
MOTION: Mr. Silk made a MOTION, seconded by Ms. Pastor to approve the minutes of March 2, 2022 as presented. Motion
approved 9-0.
Ms. Allen asked about the Royal Crest project. Mr. O’Connell stated he will look into whether there needs to be a discussion on it.
ADJOURNMENT
MOTION: Ms. Kean made a MOTION, seconded by Ms. Allen to adjourn the Finance Committee meeting at 7:30 PM. Motion
approved 9-0.
Respectfully submitted,
Jillian A. Brothers
Executive Assistant