November 9, 2016 Strategic Budget Committee

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November 9, 2016 Strategic Budget Committee

Postby Mary Wright » Wed Dec 14, 2016 8:50 pm

STRATEGIC BUDGET COMMITTEE MEETING MINUTES
WEDNESDAY, NOVEMBER 9, 2016

A meeting of the Strategic Budget Committee (StBC) was held on Wednesday, November 9, 2016 in the Municipal Center. Mr. Cortese called the meeting to order at 7:00 PM.

ATTENDANCE
PRESENT: Dave Cortese (Chairman), Brett Argall (Vice Chairman), Pamela Holmes, Jay Sartori, Sherry Zetlan
NON-VOTING: Michael Guzinski (Town Administrator), Jeanne Lovett (Finance Director), Norm Yvon (School Superintendent-absent), Cortney Keegan (School Business Manager)
ABSENT: Michael Hughes (Excused)

1. Discuss Current FY17 Revenue Projections
Mr. Guzinski recommended reviewing the documents presented last week at the joint meeting. Ms. Lovett stated that Free Cash was certified. She explained how Free Cash comes to be. Free Cash should be 5% of the total operating budget. They were in line with what StBC projected. She reviewed a History of Local Receipts and Expense trends.
Ms. Keegan explained that $220,000 was returned to the Town from the School Dept. because they received Extraordinary Relief for Special Education costs.
A discussion was held regarding what Free Cash is used for. A portion of Free Cash has been used for the Operating Budget over the years.
Ms. Keegan provided Net School Spending for FY2007-2015, actuals and budged FY16. She is concerned that as the financial situation worsens, they will fall below net school spending. Ms. Lovett reviewed health insurance.
The latest Capital Plan was in the packet.

2. Discuss Results of November 1, 2016 joint meeting with Board of Selectmen (BOS), School Committee (SC) and Finance Committee (FC).
Mr. Guzinski understood that there was a decision to have the StBC look at projected revenues for next year, what opportunities may exist to increase revenues, and to look at how that rolls into next year’s budget and the impacts to next year’s budget. For example, these are the current revenues, here are the opportunities for additional revenue, and based on the current operational budget, this is the deficit for next year and this is what the boards will have to face as far as making decisions.
Ms. Lovett would like the StBC look at ways to raise revenues, such as raising fees. Ms. Zetlan asked for a list of fees. Ms. Holmes suggested the townspeople should pay what it costs the Town for the services. Mr. Guzinski suggested reviewing a meal tax.
Ms. Holmes suggested looking into a merit-type system for hourly employees.

3. Next Steps
Mr. Guzinski will provide information about the Town’s fee schedules, information about the meals tax, and research about other local options for municipalities for raising revenues. Mr. Sartori asked for how much the Town made in fees by each category.


4. Minutes: March 29, April 20, April 26, August 17 and August 23, 2016.
Ms. Zetlan made a motion to approve the March 29, April 20, April 26, August 17 and August 23, 2016 Strategic Budget Committee meeting minutes as presented. Mr. Argall seconded the motion. Vote: Unanimous.

5. Old/ New Business
Old Business: There was no discussion.
New Business: The Capital Committee would like to have a member join the StBC.

6. Adjournment
Mr. Argall made a motion to adjourn the meeting at 7:55 PM. Ms. Holmes seconded the motion. Vote: Unanimous.

Respectfully submitted,

Mary Wright
Recording Secretary
Mary Wright
 
Posts: 506
Joined: Thu Jan 12, 2012 8:56 pm

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