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APPROPRIATION COMMITTEE MEETING <br /> THURSDAY, FEBRUARY 18, 1999 <br /> COMPTROLLER'S OFFICE, ROOM 105, 7:30 PM <br /> Present: P Hamburger, C Welch, S Coit, A Levine, E Michelson, J Ryan <br /> Absent: P Lapointe, R Pawliczek <br /> • P Hamburger announced that David Kessler may be a new member of the AC <br /> • P Hamburger discussed the "gang of 8" meeting which took place this morning. SC is <br /> expected to cut $1.4 million with the Town Manager absorbing the remainder. There <br /> was a discussion surrounding an opportunity to address cash capital with the <br /> anticipated decline in debt service in the years 2003 and 2004 <br /> • AC will schedule report review for March 2t. Be sure to have drafts prepared <br /> • P Lapointe will be requested to e mail last years report which will be used as a <br /> template <br /> • Discussion of PILOT's. Does AC want to tackle a clearly political issue? Do we wish <br /> to set the stage for FY 01? <br /> • General discussion of the Recreation Enterprise Fund. What should be the function of <br /> the Recreation Fund? Allow the fund balance to grow in order to ensure a financial <br /> resource to pay for capital needs within the Recreation Dept. AC would like further <br /> clarification of the indirects and what expenses are not being covered. Recreation <br /> Dept should have a five year capital program <br /> • General discussion of a five year extrapolation <br /> Ac2.18.99 <br />