1994-12-14-AC-MIN.pdf - Laserfiche WebLink

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APPROPRIATION COMMITTEE MEETING WEDNESDAY, DECEMBER 14, 1994 COMPTROLLER'S OFFICE, 7:30 PM Present: P Lapointe, C Coughlin, J Pagett, R Leone, R Borghesani, M Miley, R Neumeier, J Ryan Absent: L Peck, M Mairson * MOTION to accept minutes of November 30, 1994 as amended, UNANIMOUS * P Lapointe distributed his suggested meeting agenda along with base projections spread sheet and general fund strategies. * Meeting dates noted, December 20th Superintendent's Budget Request, January 5th next AC meeting and December 19th BOS meeting where Technology Group will make a presentation to the BOS. * J Pagett attended a meeting of the education group (Dick Howe). * C Coughlin attended the Committee chair meeting on Friday, December 9th. Not very productive. Too many participants and therefore not conducive to good dialogue. The setting was not a good forum to raise issues at. * M Miley indicated that when the Committee chair meetings were first instituted they provided a good forum to share concerns and ideas. * Discussion of Jeff Young memo of December 13th to N Cannalonga and P Lapointe regarding the School Capital request for Fy 96. Request in excess of $ 5.1 million of which $ 2.1 million is technology related. School Capital budget request adopted by the SC on December 6th. * General discussion of Article 31. * R Borghesani will attend meetings regarding the middle school issues but has not been informed as to their dates. * P Lapointe feels that the AC should be pro-active in some area such as debt exclusion. * J Ryan distributed debt schedules as well as copies of memo sent to R Leone in response to his inquiries. * General discussion on the debt schedule and maturities. There appears to be some room for replacement of debt in a few years when debt service shows a significant drop. * C Coughlin discussed her meeting with R White. There was a general discussion on the content of his budget message which will include a list of all revenues and his recommendations as to how any budget gap be filled. * Section IV of the agenda was discussed, Long Term Financial Strategy. General discussion on general fund base projections schedule prepared by P Lapointe, town wide compensation policies, free cash, reserve fund and debt exclusion. * P Lapointe shared his discussion with M Battin as to the possible procedures to be utilized by the AC at Town Meeting. P Lapointe discussed the above issues and questions as to whether the AC should reserve an article for Town Meeting even if the specific