HOLDEN FINANCE COMMITTEE
MEETING MINUTES
MAY 7, 2008
TOWN HALL CONFERENCE ROOM
Members Present: Paul Challenger, Al Berg, Peter Lacy, Jim Dunn, Rick Bates (left @ 7:45) Maria Dell'Ovo, Bob Ripley, Glenn Gaudette, Marilynn Foley
Guest: George Sherrill, Police Chief
The meeting was called to order at 7:00.
The Finance Committee invited Chief Sherrill to present information on the need for the new patrolman position. The Committee discussed the information given about the position.
A motion by Rick 2nd by Marilynn to add a full time patrolman as requested at $40,321.00 thereby increasing the Police Department budget to a new figure of $2,032,341.00 was voted 7-2 (opposed Al, Jim).
A motion by Rick 2nd by Glenn to increase the insurance budget by $15,000.00 for benefits to a new figure of $1,460,330.00 was voted unanimously.
A motion by Al 2nd by Paul to reduce the Debt budget by $16,412.00 for a revised figure of $3,999,383.00 was voted unanimously.
A motion by Paul 2nd by Peter to lease a Flail Boom Mower for 5 years out of the DPW Depreciation Fund was voted 6-2 (opposed Jim, Maria).
A motion by Al 2nd by Jim to increase the Highway Dept. budget by $70,000.00 from the DPW Depreciation Fund was voted unanimously.
A motion by Bob 2nd by Maria to remove the purchase of the leaf vacuum from the DPW Depreciation Fund was voted 5-3 (opposed Paul, Al, Peter).
A motion by Paul 2nd by Al to add $25,000.00 to the Fire Department Fire Truck Stabilization Fund was voted unanimously.
A motion by Al 2nd by Maria to take no action on GASB45 was voted unanimously.
A motion by Maria 2nd by Bob to increase the Finance Committee Reserve Fund by $25,000.00 for the purpose of future retirement payments was voted unanimously.
A motion by Jim 2nd by Al to begin a Finance Committee policy to use no more than 80% of free cash available to start the next fiscal year budget was voted unanimously.
A motion by Paul 2nd by Bob to look into repairs for the Hendricks House for the F/Y 10 budget was voted unanimously.
A motion by Glenn 2nd by Bob to put $50,000.00 into the established Stabilization Fund was voted unanimously.
A motion by Al 2nd by Marilynn to take no action on Article 25 on the Town Meeting Warrant was voted unanimously.
A motion by Jim 2nd by Glenn to support Article 26 on the Town Meeting Warrant was voted unanimously.
A motion by Marilynn 2nd by Bob to support Article 33 on the Town Meeting Warrant was voted unanimously.
A motion by Paul 2nd by Glenn to support Article 4 on the Town Meeting Warrant was voted unanimously.
A motion by Paul 2nd by Glenn to support Article 5 on the Town Meeting Warrant was voted unanimously.
A motion by Al 2nd by Jim to support Article 19 on the Town Meeting Warrant was voted unanimously.
A motion by Paul 2nd by Marilynn to support Article 20 on the Town Meeting Warrant was voted 5-3 (abstained Peter, Maria, Bob).
A motion by Al 2nd by Jim to increase the DPW Depreciation Fund by $50,000.00 and rescind the previous vote of putting $50,000.00 into the Town Stabilization Fund was voted unanimously.
The meeting adjourned at 10:50.
Respectfully Submitted,
Marilynn Foley, Secretary
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