FINAL MIN_ OS SC Mtg Minutes w att_ 2018-01-16.pdf

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He explained that he is in the process of finalizing the budget, and will meet with the Finance Subcommittee on January 30,prior to the February 6 Budget Hearing. He noted that there will be minor adjustments due to post graduate enrollment calculations, Ch. 70 funds, and Ch. 71 funds. He also noted that the actual E&D number will be lower than anticipated. c. Budget Transfer Request—To Close Out FY17 Deficit Balances Mr.Mahoney explained that he has been working with the Auditors to wrap up FY 17 details, and given the status of the FY 17 Audit,he anticipates it will be ready for the March meeting. Toward this end,he explained that this item was a budget transfer request to close out the FY 17 deficit balances,which is a routine practice. He explained an amendment on the materials provided(Attachment A). The following vote was then taken: ACTION 2018#5 Moved(Spalding) and seconded(Leone) To approve the Budget Transfer Request to close out the FY 17 deficit balances, as amended VOTE: 10 members in room at time of vote Weighted Vote present: 100% Weight needed: >50% Names of towns opposing or abstaining: none Final percentage results of vote: 100% Final status of the vote: Unanimous 7. SECRETARY'S REPORT,Pam Nourse a. Approval of Draft Minutes A clarifying amendment was offered on the draft minutes of 12.12.17(pg. 2 lines 7 and 8) and the following vote was taken: ACTION 2018#6 Moved(Nourse) and seconded(Stulin) To approve the draft minutes of 12.12.17, as amended VOTE: 10 members in room at time of vote Weighted Vote present: 100% Weight needed: >50% Names of towns opposing or abstaining: Lancaster abstained Final percentage results of vote: 90.07% Final status of the vote: Approved(9 in favor, 0 opposed, 1 abstention) 5