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Meeting of the Appropriation Committee, Monday, June 10, 1968,7:30 p.m.
Present: R. Gary, Vice Chairman; J. Blaisdell; R. Blomfield; L. Burnell;
E. Furash; R. Perry, Comptroller; D. White; R. jouza
Reserve Fund Requests
Treasurer requests $12,000 for interest on tax anticipation notes.
Borrowing this year is only $200,000 more than it was last year at this
time; however interest rates have increased from 2.1 or 2.3j', to 3.5% (Most
recent $million borrowed cost 3.47 — 3.55%). More money will probably
have to be requested later when additional borrowing is necessary.
Voted to transfer $12,000 from Reserve Fund for interest.
Police and Fire Medical request $1,000 for doctors and hospital bills
for a fireman injured in line of duty. $90 remains of $500 appropriated.
Voted to transfer $1000 fiom Reserve Fund to accouit A125
Cary Memorial Library requests $1200 for a microfilm machine. Letter
from E. Clarke, hairman of Board of Trustees explained that this
was for a second microfilm machine for the main desk of Cary Library
which they can purchase now for $1200, a saving of $300 on last year's
purchase price of $1500 and a greater saving on anticipated cost next
March. Board of Trustees has voted apptoval of purchase; if funds
are not available from Reserve Fund, Trustees funds will have to be used,
leaving less money for books. Appropriation Committee could not justify
such a transfer as either emergency or unforeseen.
Motion to transfer $1200 was made, seconded, majority opposed.
Planning Board requests $1100 for printing legal notices. This was
explained in previous meeting. Planning Board will use about $200 of
its expense money for this printing but still needs $1100.
Voted to transfer $1100 from Reserve Fund to account #1650.
Budget Forms approved.
Salary Study Committee — discussed requesting reactivation of Salary
Study Committee as soon as possible Dick Blomfield is Appropriation
Committee's appointee to this committee.
Respectfully submitted,
Ruth F. Souza, secretary