Loading...
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