2005-03-15-AC-min - Laserfiche WebLink

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March 15, 2005 M. Young said some of this FY05 surplus may be asked to be transferred to the reserve fund to address FY05 legal. The balance may be used to address the FY05 Snow & Ice deficits. He is planning to discuss the options with J Ryan. The feeling of the meeting was to await a recommendation from staff. The committee engaged in a discussion on the merits of increasing the Snow & Ice line item amount (FY05 = $497K, FY06 = $533K) to reflect the 5 year average of $700K- 800K. Reducing the annual S&I deficit would eliminate the need for appropriating from Free Cash or Reserves, to reduce the chance of having a negative growth in reserves. E. Michelson moved that the committee recommend to the Selectmen to raise the Snow and Ice budgeted amount for both FY05 and FY06 by $100,000 per year, except if contrary information emerges from M. Young and J. Ryan’s meeting. Seconded by P. Hamburger. Approved 7-0. M Young noted that 5% of local receipts were non-recurring items: $ 575,000 NESWC Stab. Fund transfer 150,000 Avalon Bay building permit fees 336,122 the revenue offset to fully cost LEXPRESS and Adult Day Care W/S additional staffing positions It was asked if the $40K budgeted salary is for a financial administrator, or is it for another clerk? Would there then be a need for additional money for the “CFO” type position that the W/S committee seems to feel is needed? Should there be additional money budgeted to this line item? M. Young will discuss this with Linda Vine. The committee would also like to know if the Legal budget is being increased for FY06. 5. Report to Town Meeting : A review of the minutes showed the following committee votes: Article 20, Pending; Art. 21, Pending; Art. 22, 9-0 to support. st 6. Edit Group : 1 meeting Saturday 11am – 2pm at A. Levine’s, with D Brown, R Eurich The meeting was adjourned at 10:47 PM. Eric Michelson, Acting Secretary Approved June 22, 2005 - 2 -