December 15, 2008 Finance Committee Meeting

December 15, 2008 Finance Committee Meeting

Postby Lisa Lannon » Fri May 07, 2010 7:26 am

FINANCE COMMITTEE MEETING
MONDAY, DECEMBER 15, 2008


A meeting of the Finance Committee was held on Monday, December 15, 2008. Mr. Bari called the meeting to order at 7:03 PM.

ATTENDENCE
Present: Mr. Todd Bari (Chairman), Mr. Daniel Heney, Ms. Pamela Holmes, Mr. Jerome Kocur, Mr. James Roche, Mr. Mike Guzinski (Executive Administrator).
Absent: Mr. William Krauss, Mr. John Bombara, Mr. Thomas Rochon (all with notice) .

REVIEW PROPOSED BUDGET/TOWN MEETING TIMELINE
Mr. Guzinski reviewed the FY10 Suggested Timelines Annual Town Meeting/Special Town Meeting Budget. Some discussion held. It was the consensus of the Committee to include the following dates: School Budget Vote, printer deadlines, date for recommendations to be submitted to Town Clerk, revenue review.

DISCUSS BUDGET MESSAGE
Mr. Guzinski’s memo to all Boards, Committees and Department Heads regarding the FY2010 Budget Request Packets was reviewed. Discussion held regarding the proposed change in State aid to be a 5 to 10 percent reduction. It was suggested that Departments consider what the ramifications would be should a 10 percent reduction be necessary. It was the consensus that asking for level funded budgets is just not realistic and that departments should prepare budgets with 5 and 10 percent reductions. Discussion held regarding the impact of this and which departments should be met with first. Mr. Guzinski asked that members drop off their old budget books by January 5, 2009 so that the office can prepare the new ones.

DISCUSS FUTURE MEETING DATES
The Committee agreed to the following meeting dates January 12, 26, February 9, 23, March 9, 17 (Joint Meeting with BOS), 23, April 13, 14, and 15.
Mr. Guzinski will include in the timeline the Public Hearing for the School Budget.

REVIEW MINUTES OF NOVEMBER 3, 2008
The minutes of the November 3, 2008 were reviewed. Ms. Holmes made a motion to approve as presented. Mr. Roche seconded the motion. Vote unanimous.

DISCUSSION OIL CONTRACT
Some discussion held regarding the current oil contract. Mr. Guzinski noted that he is in the process of negotiating the contact for FY2010 under the current contract. He noted that Town Counsel has sent a memorandum indicating that if a contract is signed agreeing to purchase at a set price there is no way out of that unless the company has breached the contract by not meeting their delivery obligations.


ADJOURNMENT
Ms. Holmes made a motion to adjourn the meeting. Motion seconded by Mr. Heney. Vote unanimous. Meeting adjourned at 7:55 PM.

Respectfully submitted,


Lisa Lannon
Recording Secretary
Lisa Lannon
 
Posts: 160
Joined: Thu Jan 22, 2009 10:34 am

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