FINAL SC Mtg Minutesw att 2017-06-13.pdf

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A motion was made (Leone) and seconded(Spalding)to approve"D"Policies listed on the Agenda as#2-9 for 1"reading in one vote. Mr. Mahoney noted that some of these were reviewed by the Auditor,as necessary. 2. Draft New Policy DFG(Investment Policy)for 1St reading 3. Draft New Policy DFH(Cash Reserves)for 1St reading 4. Draft New Policy DGB (Debt Management)for 1St reading 5. Draft Revision of Policy DJ(Purchasing)for 1st reading 6. Draft Revision of Policy DJE (Bidding Requirements)for 1St reading 7. Draft Revision of Policy DKAB(Warrant Signatures)for 1st reading 8. Draft Revision of Policy DIBB (Stabilization Fund)for 1st reading 9. Draft Revision of Policy DN(School Properties Disposal)for 1st reading Discussion included an appreciation for the long-term perspective on DFG,that the reports listed in DFG are doable,that a 5-year debt analysis listed in DCG is already being done, and a suggested amendment for DKAB making it explicit that the Finance Subcommittee serves to sign the Warrants. [Ms. Castagno left the meeting at 7:45 PM.] The following vote was then taken: ACTION 2017#43 Moved(Leone)and seconded(Spalding) To approve the policies listed as#2-9 above, for 1"reading, as presented and with the amendment noted for Policy DKAB VOTE: 10 Members in room at time of vote (not Acton,Carlisle, Stow, Sudbury,Wayland,Weston) Weighted Vote present: 70.44% Weight needed: >35.22% Names of towns opposing or abstaining: none; 10 in favor Final percentage results of vote: 70.44% Final status of the vote: Unanimous 8. SECRETARY'S REPORT,Dave Horton Mr. Horton noted that he received no suggested amendments on the minutes, and the following vote was taken: ACTION 2017#44 Moved(Horton)and seconded(Leone) To approve the draft minutes of 5.16.17, as presented VOTE: 10 Members in room at time of vote (not Acton,Carlisle, Stow, Sudbury,Wayland,Weston) Weighted Vote present: 70.44% Weight needed: >35.22% Names of towns opposing or abstaining: 8 in favor; 2 abstentions (Dover,Boxborough) Final percentage results of vote: 63.34% Final status of the vote: Passed