2014-03-05-AC-min - Laserfiche WebLink

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2014-03-05 Minutes contacted so that the Committee has access to both pro and con arguments prior to voting on that part of Article 10. In response to a query about the balance in the Recreation Enterprise Fund, Rob Addelson noted that the balance depends on the use offunds for capital projects as well as operating expenses and therefore may fluctuate from year to year. Mr. Addelson also stated that the recent amendment of the CPA to allow the use of community preservation funds to restore or improve pre-existing recreational facilities reduces the amount feltnecessary tomaintain in retained earningsfor this purpose. The meeting was adjourned at 9:07p.m. A list of documents and other exhibits used at the meeting isset forth below. Respectfully submitted, Alan Levine Approved March 19, 2014 Exhibits 1.Meeting Agenda posted by Glenn Parker, Chair 3