2007-01-11-AC-min - Laserfiche WebLink

Browse Search

January 11, 2007 General Fund, they will lower the overall tax burden on taxpayers; to the extent this makes taxpayers better off than they would have been under the original funding system, the Committee recommended that a clear explanation of the benefit be explained to taxpayers. ?? Free cash was certified at about $3.8M. Of this, the Town Manager is recommending that $1.9M be treated as non-recurring revenue and be allocated to the Stabilization Fund and cash capital, that $1.7M be treated as recurring revenue and be used to support the operating budget, and that $0.2M not be appropriated at present. Miscellaneous. 2. The Committee discussed a preliminary allocation of responsibility for various topics that are expected to be covered in the Committee report to the 2007 Annual Town Meeting. The assignments are: a. Capital Eric Michelson, David Kanter b. CPA Eric Michelson, David Kanter c. School Op. Budget Pam Hoffman, Rick Eurich d. Minuteman Eric Michelson e. Enterprise Funds John Bartenstein f. Municipal Op. Budget Deborah Brown, Michael Kennealy g. DPW Facility Alan Levine, Deborah Brown h. Budget Projections Rod Cole More detailed assignments will be made after the 2007 Town Warrant becomes available. David Kanter will attempt to obtain a draft of at least the Table of Contents. Minutes of the meetings held on November 16, 2006, December 6, 2006 and December 14, 2006 were approved. There was a brief discussion of the status of planning for the DPW Maintenance Facility replacement project. Al Levine, David Kanter and Deborah Brown reported that good progress has been made in these discussions, and that details should be forthcoming shortly. The Committee voted 7-0 to appoint David Kanter as the Committee’s liaison to the School Department’s recently created Committee to Review Financial Operations and Financial and Statistical Reporting. David Kanter abstained from this vote. - 4 -