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HomeMy WebLinkAbout1999-02-18-AC-MIN.pdf APPROPRIATION COMMITTEE MEETING THURSDAY, FEBRUARY 18, 1999 COMPTROLLER'S OFFICE, ROOM 105, 7:30 PM Present: P Hamburger, C Welch, S Coit, A Levine, E Michelson, J Ryan Absent: P Lapointe, R Pawliczek • P Hamburger announced that David Kessler may be a new member of the AC • P Hamburger discussed the "gang of 8" meeting which took place this morning. SC is expected to cut $1.4 million with the Town Manager absorbing the remainder. There was a discussion surrounding an opportunity to address cash capital with the anticipated decline in debt service in the years 2003 and 2004 • AC will schedule report review for March 2t. Be sure to have drafts prepared • P Lapointe will be requested to e mail last years report which will be used as a template • Discussion of PILOT's. Does AC want to tackle a clearly political issue? Do we wish to set the stage for FY 01? • General discussion of the Recreation Enterprise Fund. What should be the function of the Recreation Fund? Allow the fund balance to grow in order to ensure a financial resource to pay for capital needs within the Recreation Dept. AC would like further clarification of the indirects and what expenses are not being covered. Recreation Dept should have a five year capital program • General discussion of a five year extrapolation Ac2.18.99