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March 17, 2005 <br /> <br />Budget Collaboration Meeting <br />March 17, 2005 <br /> <br /> <br />A Budget Collaboration Meeting was held Thursday, March 17, 2004, at 6:30 p.m. in the Clarke <br />Middle School Auditorium. The Board of Selectmen (BOS), School Committee (SC), <br />Appropriation Committee (AC) and Capital Expenditures Committee (CEC) were present. <br /> <br />Mrs. Krieger called the meeting of the Board of Selectmen to order. <br /> <br />Mr. Griffith called the meeting of the School Committee to order. <br /> <br />Mr. Levine called the meeting of the Appropriation Committee to order. <br /> <br />Mr. Burnell called the meeting of the Capital Expenditures Committee to order. <br /> <br />Mrs. Krieger explained the reason for tonight’s meeting is to decide where to appropriate new <br />growth revenue, not already included in the budget. At a previous Budget Collaborative Meeting, <br />the group agreed to balance the FY06 Budget by making a cut of approximately $91,000 to the <br />SC Budget with a commitment to the SC that if any further revenue was recognized the $91,000 <br />would be returned to the budget. <br /> <br />Ms. Vine reported that members of the Board of Selectmen agree that $290,000 of new growth <br />revenue should be appropriated as follows; $91,000 for SC Budget; $31,338 to pay Minute Man <br />Technical School Assessment Fees, and $176,522 to the Stabilization Fund. <br /> <br />Mr. Levine stated the Appropriation Committee agrees with the School appropriation and the <br />Minute Man Tech payment, but thinks it makes sense to appropriate the $176,522 to the <br />Snow/Ice Removal Budget, instead of the Stabilization Fund. <br /> <br />Mr. Cohen reminded the Board that every year the appropriation made toward the Snow/Ice <br />Removal Fund must be at least as much as the prior year. <br /> <br />Mr. Kelley restated his position of the need to demonstrate the Board’s commitment to increase <br />the Stabilization Fund. <br /> <br />Mr. Pagett also believes the Town needs to show good faith effort to build the Stabilization Fund <br />and suggested increasing the Snow/Ice Removal Fund to $600,000, and increasing the <br />Stabilization Fund with the remainder. <br /> <br />Mr. Burnell, Capital Expenditures Committee, reminded the group that in the past the <br />Appropriation Committee had $300,000 in the Reserve Fund, that the fund has been reduced to <br />$150,000. He suggests the Boards consider increasing the reserve fund instead of the Snow/Ice <br />Removal or Stabilization Funds. <br /> - 2 - <br /> <br />