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HOLDEN FINANCE COMMITTEE
MEETING MINUTES
MAY 13, 2009
TOWN HALL
Members Present: Al Berg, Paul Challenger, Jim Dunn, Peter Lacy, Glenn Gaudette, Don Mancini, Marilynn Foley
Also Present: Brian Bullock, Town Manager, Lori Rose, Town Accountant, Jim Shuris, DPW Director, Andy Miller, Tom Morgan from CDM, Selectmen: Kim Ferguson, Jim Jumonville, Ken O'Brien, Anthony Renzoni, Dave White (@8:15), W/S Advisory Committee: Scott Carlson, Al Ferron, Joe Pridotkas, John Michalak
The meeting was called to order at 7:00.
Introductions were made around the table. Scott Carlson, Chairman, W/S Advisory Committee made some brief remarks.
Jim Shuris, DPW Director discussed changes in the W/S budget, W/S operations, W/S rates and costs, SRF borrowing, W/S revenue and F/Y10 deficit of $459,899.00.
Andy Miller of CDM reviewed the W/S excel spread sheet and had recommendations - pro active system maintenance, well development, throughway inspections and public education on water conservation. Andy said that during the repair of the 2 water tanks each would be out of service for a period of time.
The Finance Committee and the BOS discussed the ramifications for the W/S F/Y10 budget to acheive a solution of the deficit and options for the future. The BOS will meet on June 1, 2009 to discuss rate water rate increase.
A motion by Jim 2nd by Paul to approve a W/S Enterprise Fund budget of $5,017,343.00 was voted unanimously.
A motion by Jim 2nd by Paul to recommend to the BOS to approve a water rate increase which would generate additional water revenue was voted 6-1 (opposed Glenn).
A motion by Glenn 2nd by Jim to recommend to the Annual Town Meeting, Article 13, to establish a W/S Stabilization Fund using $252,595.00 from MBTE class action suit and transfer $50,000.00 from W/S Enterprise Fund was voted unanimously.
A motion by Paul 2nd by Peter to transfer $125,000.00 from the Finance Committee Reserve Fund to the DPW Budget for snow removal deficit in F/Y09 was voted 6-1 (opposed Jim).
A motion by Paul 2nd by Jim to increase the Finance Committee Reserve Fund by an additional $160,000.00 for total Reserve Fund of $360,000.00 was voted unanimously.
The meeting adjourned at 10:25.
Respectfully Submitted,
Marilynn Foley, Clerk
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