HomeMy WebLinkAbout1962-02-12-AC-MIN.pdf 371
February 12, 1962
The Appropriation Committee met Monday evening February 12, 1962 at 5:00
P. M. in the office of the Town Accountant.
Present: J. Harper Blaisdell, Chairman
Raymond L. White, Temp. Sec. Frank E. Douglas
Alfred Viano John R. Bevan
Maurice F. Shaughnessy Richard H. Battin
Logan Clarke Jr. telephoned that he would be late and would get Here as
soon as possible. Logan Clarke Jr. did arrive here just after the meeting
We first went over schedules submitted as follows:
ct
Borrowing Capacity as of December 31, 1961
Reserve Fund as of December 31, 1961
Available Funds as of December 31, 1961
Actual Estimated Receipts as of December 31, 1961
The valuation of the Town is 581,000,000 based upon year
1961 experience as received by the Assessors.
The Articles for the annual Town Meeting were read briefly
by the Chairman, there being approximately seventy
articles.
Frank E. Douglas asked if we had received a letter from the Town Treasurer
in answer to our letter.
Frank E. Douglas received from the Secretary, monthly cash balances per
Town Accountant's books for the past tnree years. Frank stated that the
1952 law on the books allow the Town to invest available funds. Frank
spoke at length about investing cash. See statute Chapter 253.
It was suggested that Frank sit down with Jim Carroll and explain how
investing available funds can be put to work. Frank is going to try
to see Jim Carroll this coming week.
Mr. Blaisdell said the Selectmen are going to give a $4.00 a week in—
crease to employees.
Tne meeting adjourned at 11:00 P. M.
Respectfully suomitted,
• Raymond L. White
Secretary Pro Tem