2011-09-07-AC-min - Laserfiche WebLink

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September 7, 2011 Water /Sewer Enterprise Funds, Rate - Setting (Mr. Bartenstein) : Mr. Bartenstein reported on informal inquiries he has made of the Department of Revenue about the possibility of combining the Water and Sewer enterprise funds into a single fund. Preliminary indications are that the DOR would have no objection. He also spoke with Michael Young, formerly Lexington's Budget Officer and now Deputy Town Administrator of the Town of Natick, about Natick's experience with a single water and sewer fund. Combining the two funds could potentially provide the Town with greater flexibility in the use and management of water and sewer retained earnings, particularly given the volatility of water revenues due to weather - related fluctuations in irrigation water usage. Mr. Bartenstein hopes to meet with Mr. Addelson and Mr. Valente to discuss these issues as well as the upcoming water and sewer rate - setting process. Minuteman Capital Project (Mr. Michelson) — A group of Town Managers from Sudbury, Lexington, Wayland and Weston met recently to discuss the formula for allocating Minuteman capital assessments among its member towns. They have written a joint letter to their colleagues in other member communities proposing a more equitable arrangement. Mr. Michelson will contact David Horton to learn more about this proposal. SUMMARY OF ACTION ITEMS: Tonight's minutes will be reviewed by Joe Pato. Mr. Addelson will provide a more detailed report at the upcoming CEC meeting regarding the radio emergency back up system for the police and fire departments. Mr. Bartenstein will meet with Mr. Addelson regarding water and sewer enterprise fund and rate - setting issues. Mr. Michelson will contact David Horton regarding the Minuteman Capital Project. Adjourn. The meeting was adjourned at 8:55 p.m. A list of documents and other exhibits used at the meeting is attached. Respectfully submitted, Andrea Yepez Recording Secretary Approved October 27, 2011 3