January 11, 2016 Finance Committee meeting

January 11, 2016 Finance Committee meeting

Postby Mary Wright » Mon Feb 08, 2016 4:58 pm

FINANCE COMMITTEE MEETING
MONDAY, JANUARY 11, 2016

A meeting of the Finance Committee was held on Monday, January 11, 2016 at the Municipal Center. Ms. Holmes called the meeting to order at 7:00 PM.

ATTENDANCE
PRESENT: Pamela Holmes (Chairman), Brett Argall, Howard D’Amico, Michael Hutnak, Ryan Hogan (Vice Chairman), Jerome Kocur, Cynthia Shurick
ABSENT: Carol Gogolinski (Excused)
NON-VOTING: Michael Guzinski (Town Administrator-Absent), Jeanne Lovett (Finance Director-Absent)

1. DISCUSS FISCAL YEAR 2017 BUDGET PROCESS
Ms. Holmes reviewed the meeting minute approval process. Committee members are allowed to vote on the approval of minutes even if they were not in attendance at the meeting.
Ms. Holmes will ask Mr. Guzinski to move the January 25, 2016 meeting to January 26, 2016.
Ms. Holmes described the budget process as it currently stands, which is that Mr. Guzinski makes budget recommendations to the Finance Committee and Board of Selectmen after getting input from the individual departments. Ms. Holmes presented Ms. Shurick’s idea presented at the December 7, 2015 meeting of having Finance Committee members partner with individual departments and attend their meetings to understand that department’s operations to allow for a concentrated review and presentation of that department’s budget. It was felt that it was too late to do a concentrated review for this budget process, but perhaps it could be done for FY18. For a full year’s budget cycle, the process should start in the spring.
Ms. Holmes hopes that one objective of the School Committee will be to look at the end-of-year budget-to-actual.
It was decided to schedule meetings every other week starting February 1, 2016. There may be a meeting on February 16 instead of February 15, 2016. The public hearing is scheduled for April 12, 2016.

2. APPROVE MINUTES OF FEBRUARY 23, MARCH 2, AND DECEMBER 7, 2015
Mr. Argall made a motion to approve the February 23, 2015 Finance Committee meeting minutes as presented. Ms. Shurick seconded the motion. Vote: Aye-5, Mr. D’Amico and Mr. Kocur abstained.
Mr. Argall made a motion to approve the March 2, 2015 Finance Committee meeting minutes as amended. Ms. Shurick seconded the motion. Vote: Aye-6, Mr. D’Amico abstained.
Mr. D’Amico made a motion to approve the December 7, 2015 Finance Committee meeting minutes as presented. Mr. Argall seconded the motion. Vote: Unanimous.

3. OTHER BUSINESS
The Committee reviewed this year’s revenues, which had been provided by Mr. Guzinski. Items reviewed included: the Tax Levy, New Growth, Levy Capacity, Debt Exclusions, Reserve for Debt, Blackstone Valley Tech. Debt Exclusion, Estimated Local Receipts, Interest, State Aid and the Cherry Sheet (School Choice Receiving Tuition, Chapter 70, Unrestricted General Government Aid, Veteran’s Benefits, Exempt BBS and Elderly, PILOT, Public Libraries, Assessments, Regional Transit, and School Choice Sending Tuition), Ambulance, Post Office Rent Applied to Debt, Free Cash, Net School Spending-Budgeted and Required, and Schedule 19 Amounts.
Time was spent discussing the school budget, School Choice, PILOT, and the origins of Free Cash.
Responsibilities of the Finance Committee were discussed. Ms. Holmes explained the Finance Committee Reserve Fund, the Snow & Ice Account, the Dept. of Travel & Tourism Grant, and the Blackstone Valley Tech. allocation. Ms. Holmes will ask the town clerk for minutes from the Blackstone Valley Regional School Committee meetings.

4. ADJOURNMENT
Mr. Hogan made a motion at 8:31 PM to adjourn. Mr. Hutnak seconded the motion. Vote: Unanimous.

Respectfully submitted,

Mary Wright
Recording Secretary
Mary Wright
 
Posts: 541
Joined: Thu Jan 12, 2012 8:56 pm

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