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April 4, 2011 <br />insurance budget of $60,000, an increase in the Human Services budget of $5,000 for <br />increased veterans’ assistance costs, and anappropriation to the public works budget <br />of $242,036 in free cash (representing $200,000 that had originally been set aside as a <br />hedge against possible FY2011 shortfalls and an additional $42kfreed up by the <br />application to municipal capital projects under Article 10 of excess bond proceeds from <br />prior-year projects). A motion was made and seconded to recommend approval of <br />Article 24. Vote: Approved 9-0-0. <br />Article 4 –FY12 Operating Budget–Motion to Reconsider Amendment to Create Fiscal <br />Impact Study Committee. The Committee discussed the additional funds ($20k) <br />suggested by Town Manager Carl Valente for an outside consultant, and the added <br />demands on of staff time,in the event that a sub-committee to improve financial liability <br />analysis was formed per the motion to amend Article 4. No vote was taken at this time <br />as Committee members wished to hear the debate at Town Meetingbefore taking a <br />position. <br />The meeting was adjourned at 7:25 p.m. <br />A list of documents and exhibits used at the meeting is attached. <br />Respectfully submitted, <br />Andrea Yepez <br />Recording Secretary <br />Approved April 20, 2011 <br />2 <br /> <br />