HomeMy WebLinkAbout2005-03-17-AC-summit
Budget Collaboration Meeting
March 17, 2005
A Budget Collaboration Meeting was held Thursday, March 17, 2004, at 6:30
p.m. in the
Clarke Middle School Auditorium. The Board of Selectmen (BOS), School
Committee
(SC), Appropriation Committee (AC) and Capital Expenditures Committee (CEC)
were
present.
Mrs. Krieger called the meeting of the Board of Selectmen to order.
Mr. Griffith called the meeting of the School Committee to order.
Mr. Levine called the meeting of the Appropriation Committee to order.
Mr. Burnell called the meeting of the Capital Expenditures Committee to order.
Mrs. Krieger explained the reason for tonight’s meeting is to decide where to
appropriate
new growth revenue, not already included in the budget. At a previous Budget
Collaborative Meeting, the group agreed to balance the FY06 Budget by making
a cut of
approximately $91,000 to the SC Budget with a commitment to the SC that if any
further
revenue was recognized the $91,000 would be returned to the budget.
Ms. Vine reported that members of the Board of Selectmen agree that $290,000
of new
growth revenue should be appropriated as follows; $91,000 for SC Budget;
$31,338 to
pay Minute Man Technical School Assessment Fees, and $176,522 to the
Stabilization
Fund.
Mr. Levine stated the Appropriation Committee agrees with the School
appropriation and
the Minute Man Tech payment, but thinks it makes sense to appropriate the
$176,522 to
the Snow/Ice Removal Budget, instead of the Stabilization Fund.
Mr. Cohen reminded the Board that every year the appropriation made toward
the
Snow/Ice Removal Fund must be at least as much as the prior year.
Mr. Kelley restated his position of the need to demonstrate the Board’s
commitment to
increase the Stabilization Fund.
Mr. Pagett also believes the Town needs to show good faith effort to build the
Stabilization Fund and suggested increasing the Snow/Ice Removal Fund to
$600,000,
and increasing the Stabilization Fund with the remainder.
Mr. Burnell, Capital Expenditures Committee, reminded the group that in the past
the
Appropriation Committee had $300,000 in the Reserve Fund, that the fund has
been
reduced to $150,000. He suggests the Boards consider increasing the reserve
fund instead
of the Snow/Ice Removal or Stabilization Funds.