2005-01-19-AC-summit - Laserfiche WebLink

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Budget Collaboration Meeting January 19, 2005 A Budget Collaboration Meeting was held on Wednesday, January 19, 2005, at 6:30 p.m. in the Library Media Room at Lexington High School. Members of the Board of Selectmen, School Committee, Appropriation Committee and Capital Expenditures Committee were present. Mrs. McKenna called the meeting of the Board of Selectmen to order. Mr. Griffiths called the meeting of the School Committee to order. Ms. Brown called the meeting of the Appropriation Committee to order. Mr. Lamb called the meeting of the Capital Expenditures Committee to order. Ms. Vine began the meeting by discussing the Moody’s meeting that took place on January 14, 2005. Ms. Vine told the group that Moody’s strongly recommends the Town review its policies regarding the Stabilization Fund, the use of Free Cash and Pension Holiday. Ms. Vine hopes to receive results of the meeting this week. Review of Municipal & School Budget Development Mrs. McKenna stated that the Board of Selectmen has reviewed almost all the municipal departments budgets. The Board is still addressing where critical needs are. Mr. Griffith, School Committee, said level services would not accommodate enrollment increases in the schools. Mr. Griffith also said the School Committee had voted to adopt the Superintendent’s level staffing budget for FY06. The level-staffing budget includes $820,000 for growth. NESWC Settlement Mr. Ryan, Acting Comptroller, told the Boards that the Town’s contract with the Andover plant expires in September 2005. At the conclusion of the contract the Town