2010-11-03-AC-min - Laserfiche WebLink

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November3, 2010 Supplemental appropriations: 1.Transfer to school department for Estabrook PCB mitigation. 2.Transfer to facilities department for Estabrook PCB mitigation. 3.Replenish Reserve Fund for Estabrook PCB mitigation. 4.Transfer $10,000 to line 4200 (Fire & Rescue) for the cost of BLS (basic life saving) training. Changes in Revenue Summary (Table 1, Draft Motions) 1.Increase in new growth from property tax: $920,000 2.Decrease resulting from state aid reduction: ($508,188) 3.Decrease in investment income: ($505,000) 4.Net unallocated General Fund revenue: $247,555 The most recent estimate of FY2011 General Fund revenue: $142,992,999 Anticipated surplus: $629,688 Warrant Articles and A.C. Report. 4.The following articles were discussed: Article 2: Section a adjusts the General Fund budget and the other sections adjust the enterprise fund budgets.Sections a, b, c, and d adjust salaries as per new benefits contract. Section 2c includes a revision of the MWRA assessment from early estimates. Article 3: This is an appropriation of funds received as a payment to the Traffic Mitigation Stabilization Fund from Cubist. Article 5: The Committee requested additional detail on expenses associated with the Busa and Cotton Farm purchases. It was noted that failure of this article would require the Town to use the General Fund to cover these costs. 5.Other Business. Mr. Parker conveyed that David Kanter and Eph Weiss requested feedback on their proposal to change Town Meeting procedure regarding reconsideration. The Committee expressed interest in having this integrated with a broader process review. Mr. Pato conveyed a request from the TMMA to have portions of the A.C. annual report produced early. The general sense of the Committee is that this would not be feasible. The meeting was adjourned at 9:35 p.m.The next meeting is scheduled for Wednesday, November 10, 2010. Respectfully submitted, Joe Pato ApprovedAugust 18, 2011 2